The earnings call reflected a strong performance in Q3 2024 with record-breaking revenue and growth in key segments such as Gaming and AIoT. However, there are concerns about uncertain demand and potential margin pressures in Q4 2024, along with ongoing supply chain challenges.
Company Guidance
During the ASUS Q3 2024 earnings call, CFO Nick Wu provided detailed financial guidance, highlighting significant growth across key metrics. The company reported a revenue of TWD 156.7 billion, marking a 15% increase quarter-over-quarter and a 24% increase year-over-year. Operating profit reached TWD 11.1 billion, up by 4% from the previous quarter and 32% from the prior year, while net income after tax was TWD 12.5 billion, reflecting a 6% quarterly growth and 13% yearly growth. ASUS achieved earnings per share of TWD 16.8, with a gross margin of 17.1% and an operating margin of 7.1%. For Q4 2024, Wu projected a 15% sequential decrease in PC product revenue but a 20% year-on-year growth, while anticipating a 5% to 10% sequential growth in components and servers, with over 30% growth year-over-year. The guidance reflects ASUS's strategic focus on long-term growth, particularly in the gaming and AI product segments, despite potential seasonal demand fluctuations.
Record-Breaking Revenue and Growth
ASUS achieved a record-breaking brand revenue of TWD 156.7 billion in Q3 2024, setting a new high. Net income after tax reached TWD 12.5 billion with earnings per share at TWD 16.8.
Strong Performance in Gaming Segment
ASUS gaming PC market share grew 20% year-over-year in Q3 2024, reaching a total market share of 30%. The ROG brand achieved over 33% market share in the gaming laptop market.
AIoT Business Group Growth
The AIoT Business group achieved a 150% year-on-year revenue increase in Q3 2024, with the NUC product line as a major contributor.
Copilot+ PC Success
ASUS captured an impressive 25% market share in the Copilot+ PC market, reinforcing its leadership position.
---
Asustek Computer Inc. Sponsored GDR RegS (ASUUY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
ASUUY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 08, 2024
$94.01
$96.69
+2.85%
Aug 07, 2024
$66.56
$71.78
+7.84%
May 13, 2024
$70.60
$69.92
-0.96%
Mar 15, 2024
$66.98
$66.00
-1.46%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Asustek Computer Inc. Sponsored GDR RegS (ASUUY) report earnings?
Asustek Computer Inc. Sponsored GDR RegS (ASUUY) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Asustek Computer Inc. Sponsored GDR RegS (ASUUY) earnings time?
Asustek Computer Inc. Sponsored GDR RegS (ASUUY) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.