Vertical Divider
AUO Reports Another Down Quarter in Q220, but Positive Outlook for 2H20
August 02, 2020
AUO reported their net loss of NT$2.96 billion (US$100.99 million) was an improvement from net loss of NT$4.99 billion for the previous quarter.
Consolidated revenues for the second quarter was NT$63.5 billion, up by 18.3% sequentially, but down Y/Y . Large-size (10-inch and above) panel shipments were ~30.71 million units, up by 37.0% sequentially; small/medium panels were 29.09 million units, down 1.5% sequentially.
AUO Q320 outlook was more positive as they expect large panel shipments to be up 5% to 7% sequentially and blended ASP (m2 basis) to be up 5% sequentially, as utilization rates will rise and large panel prices increase, offset by small panel shipments declining between 2% and 3% sequentially. AUO indicated that channel inventory was low heading into 2Q as device assembly plants faced employee travel restrictions, but buyers have been aggressively filling inventory in anticipation of a more normalized 2H, which is in keeping with the general tone of the market as we have noted previously.
August 02, 2020
AUO reported their net loss of NT$2.96 billion (US$100.99 million) was an improvement from net loss of NT$4.99 billion for the previous quarter.
Consolidated revenues for the second quarter was NT$63.5 billion, up by 18.3% sequentially, but down Y/Y . Large-size (10-inch and above) panel shipments were ~30.71 million units, up by 37.0% sequentially; small/medium panels were 29.09 million units, down 1.5% sequentially.
AUO Q320 outlook was more positive as they expect large panel shipments to be up 5% to 7% sequentially and blended ASP (m2 basis) to be up 5% sequentially, as utilization rates will rise and large panel prices increase, offset by small panel shipments declining between 2% and 3% sequentially. AUO indicated that channel inventory was low heading into 2Q as device assembly plants faced employee travel restrictions, but buyers have been aggressively filling inventory in anticipation of a more normalized 2H, which is in keeping with the general tone of the market as we have noted previously.
|
Contact Us
|
Barry Young
|