Macronix reports record Q3 profits driven by memory price increases

Macronix reported strong financial results for the third quarter, with revenue reaching 24.237 billion TWD, a nearly twofold increase year-on-year. The company achieved a record quarterly gross margin of 70.5 percent and an earnings per share of 5.52 TWD, marking its best performance since inception. Cumulative earnings for the first three quarters reached 10.34 TWD per share.

Chairman and CEO Wu Min-chiu attributed the growth to rising memory prices rather than capacity expansion. While capacity remains limited, the company is focusing on high-margin niche markets, including data centers, satellite communications, medical technology, and automotive electronics. NAND Flash revenue grew 768 percent year-on-year, while NOR Flash revenue increased 158 percent.

Regarding future outlook, Wu expressed optimism for the memory industry through 2030, citing sustained demand from AI. The company plans to focus new capacity on NAND Flash, specifically 96-layer products, with significant capacity expansion benefits expected by the second half of 2027. Wu also noted that Macronix has not signed any long-term supply agreements (LTA), preferring to maintain flexible, mutually beneficial contracts.