Espressif Systems (Shanghai) Third Quarter 2024 Earnings: EPS: CN¥0.91 (vs CN¥0.20 in 3Q 2023)

Simply Wall St · 10/26 00:38

Espressif Systems (Shanghai) (SHSE:688018) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥539.8m (up 50% from 3Q 2023).
  • Net income: CN¥99.5m (up 340% from 3Q 2023).
  • Profit margin: 18% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.91 (up from CN¥0.20 in 3Q 2023).
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SHSE:688018 Earnings and Revenue Growth October 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Espressif Systems (Shanghai) Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are down 8.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Espressif Systems (Shanghai) that we have uncovered.