AU Optronics Corp. reported a third-quarter loss as the Taiwanese display maker grapples with shifting market dynamics and seasonal pressures.
The company posted a net loss of NT$930 million (US$29.1 million) in the quarter, despite revenue climbing 10.9% year-on-year to NT$77.75 billion (US$2.43 billion). The results translate to a loss of NT$0.12 per share.
While the display technology segment saw a 9% quarter-on-quarter boost from stronger-than-anticipated pre-holiday orders, executives warned of cooling demand ahead. The company’s smart mobility unit provided some buffer, growing 4.1% from the previous quarter.
The manufacturer, which completed its acquisition of Germany’s BHTC GmbH in April, maintained relatively healthy operations with 44 days of inventory and a 33.4% net debt ratio. However, management expects traditional seasonal weakness to impact the display unit in the fourth quarter.
The gross profit margin stood at 10.9%, while EBITDA margin reached 10.6%. The company’s outlook suggests some stabilization in display industry supply-demand balance for 2025, with potential growth from mobility and vertical solution segments helping to offset display market fluctuations.
