天弘科技：FY24Q2业绩点评及法说会纪要：公司业绩同比高增，通信终端市场贡献主要增量

Investment Rating - The report assigns a positive outlook for the company, indicating strong growth potential in the upcoming quarters, particularly in the CCS segment [27][32]. Core Insights - The company achieved a revenue of $2.392 billion in Q2 FY2024, representing a 23$2.325 billion and $2.475 billion, with adjusted earnings per share projected between$0.86 and $0.96 [42][49]. Summary by Sections Overall Revenue Situation - In Q2 FY2024, the company reported a gross profit of$256.1 million, up 39% year-over-year, and a net profit of $99.6 million, reflecting a 79$10 million to buy back approximately 200,000 shares in Q2 [27][32]. Revenue Breakdown - The ATS segment generated $770 million in revenue, down 11$1.62 billion, up 51% [27][32]. - The strong growth in the CCS segment was attributed to the demand from large-scale customers for HPS network products, particularly in AI/ML infrastructure [27][32]. Q3 Company Performance Guidance - The company anticipates a revenue range of $2.325 billion to$2.475 billion for Q3, with an expected adjusted operating profit margin of 6.3%, an increase of 60 basis points from the previous year [42][49]. - The adjusted SG&A expenses are projected to be between $73 million and$75 million, with an effective tax rate around 20% [42][49]. Full-Year Outlook - The company raised its full-year revenue forecast to $9.45 billion, with adjusted earnings per share expected to be$3.62, representing a 19% and 49% increase, respectively, compared to 2023 [49][52]. - The company remains optimistic about the overall demand environment, particularly in the CCS segment, driven by strong customer relationships and a diverse product portfolio [53][81].