ChipMOS Technologies AI Stock Analysis
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ChipMOS Technologies (IMOS) AI Stock Analysis
ChipMOS Technologies
(NASDAQ:IMOS)
The overall stock score of 58 is heavily influenced by deteriorating cash flows and bearish technical momentum, which offset an otherwise stabilizing income statement and solid balance sheet. The stock trades at a premium valuation (P/E of 32x) despite ongoing cash burn from high capital expenditures, and short-term moving averages indicate persistent selling pressure. While the core business structure remains intact, poor cash conversion and negative technical trends limit near-term upside.
ChipMOS Technologies (IMOS) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.78B
- Dividend Yield
- 1.46%
- Average Volume (3M)
- 83.27K
- Price to Earnings (P/E)
- 18.3
- Beta (1Y)
- 2.10
- Revenue Growth
- 27.42%
- EPS Growth
- 1266.81%
- Country
- US
- Employees
- 5,688
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
ChipMOS Technologies Business Overview & Revenue Model
Company Description
ChipMOS TECHNOLOGIES INC. conducts research, development, manufacturing, and global sales of advanced, highly integrated, and precise integrated circuits. Headquartered in Hsinchu, Taiwan, and founded in 1997, the company also provides essential back...
How the Company Makes Money
ChipMOS makes money by providing fee-based outsourced back-end semiconductor services to integrated device manufacturers (IDMs), fabless semiconductor companies, and wafer foundries. Its primary revenue streams come from (1) semiconductor testing ser...
ChipMOS Technologies Earnings Call Summary
The earnings call highlighted strong growth in memory products and a positive outlook for the second half of the year. However, the company faced challenges with declining gross margins, net losses due to foreign exchange, and reduced revenue in DDIC products.
Q2-2025 Updates
Positive Updates
Negative Updates
Company Guidance
During the ChipMOS Second Quarter 2025 Results Conference Call, guidance provided by Chairman S.J. Cheng highlighted several key metrics and strategic directions for the company. The second quarter saw a 3.7% increase in revenue compared to the first quarter, amounting to TWD 5,736 million, despite a net loss of TWD 0.75 per share driven by a foreign exchange loss of approximately TWD 0.97 per share. Gross margin was recorded at 6.6%, a decrease of 280 basis points from the previous quarter. The company's utilization rates improved, with overall utilization at 65%, assembly at 64%, and memory testing at 67%. Memory products drove 45.3% of Q2 revenue, with a significant 21.2% increase compared to Q1. For Q3, the company anticipates robust demand in memory products, with expected price increases in OSAT between 5% to 18% to counter material cost rises. Although challenges persist, including DDIC ASP cuts and electricity cost increases, ChipMOS remains focused on enhancing shareholder value through prudent capital expenditure, with a strategic emphasis on high-growth, high-margin product areas.
ChipMOS Technologies Financial Statement Overview
Summary
The company shows a strong income statement recovery and maintains a resilient balance sheet with manageable debt. However, the overall financial performance is severely weighed down by heavy capital expenditures resulting in declining operating cash flows and negative free cash flow.
Income Statement
72PositiveBalance Sheet
78PositiveCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.11B | 24.06B | 22.70B | 21.36B | 23.52B | 27.40B |
| Gross Profit | 3.99B | 2.61B | 2.94B | 3.55B | 4.91B | 7.25B |
| EBITDA | 7.65B | 6.04B | 6.78B | 7.31B | 8.92B | 10.79B |
| Net Income | 2.25B | 497.83M | 1.44B | 1.97B | 3.44B | 4.94B |
Balance Sheet | ||||||
| Total Assets | 46.96B | 45.35B | 45.38B | 46.16B | 44.94B | 42.52B |
| Cash, Cash Equivalents and Short-Term Investments | 12.55B | 14.90B | 15.27B | 12.40B | 10.00B | 5.94B |
| Total Debt | 16.01B | 16.33B | 15.15B | 15.98B | 14.89B | 11.00B |
| Total Liabilities | 22.11B | 21.34B | 20.31B | 21.31B | 20.13B | 18.38B |
| Stockholders Equity | 24.85B | 24.01B | 25.07B | 24.85B | 24.81B | 24.14B |
Cash Flow | ||||||
| Free Cash Flow | -368.16M | 130.52M | 859.43M | 3.53B | 3.92B | 1.44B |
| Operating Cash Flow | 4.59B | 4.00B | 5.94B | 6.61B | 8.62B | 7.32B |
| Investing Cash Flow | -4.79B | -3.76B | -615.11M | -3.09B | -5.06B | -6.02B |
| Financing Cash Flow | -924.66M | -609.69M | -2.48B | -1.06B | 416.89M | 494.44M |
ChipMOS Technologies Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMOS, the sentiment is Neutral. The current price of 50.73 is below the 20-day moving average (MA) of 55.48, below the 50-day MA of 61.95, and below the 200-day MA of 52.78, indicating a neutral trend. The MACD of -4.67 indicates Positive momentum. The RSI at 44.30 is Neutral, neither overbought nor oversold. The STOCH value of 46.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IMOS.
ChipMOS Technologies Risk Analysis
ChipMOS Technologies disclosed 42 risk factors in its most recent earnings report. ChipMOS Technologies reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksChipMOS Technologies Peers Comparison
Overall Rating
FORM72Outperform
KLIC71Outperform
AMKR65Neutral
ASX58Neutral- IMOS58Neutral
COHU57Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| FORM | 72Outperform | $7.51B | 41.46 | 15.83% | ― | 29.08% | 320.89% |
| KLIC | 71Outperform | $3.83B | 32.46 | 13.55% | 1.13% | 44.44% | 2283.94% |
| AMKR | 65Neutral | $9.44B | 14.82 | 13.43% | 0.90% | 15.70% | 100.67% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| ASX | 58Neutral | $82.83B | 33.41 | 20.38% | 1.12% | 24.24% | 113.53% |
| IMOS | 58Neutral | $1.89B | 18.28 | 12.93% | 1.46% | 27.42% | 1266.81% |
| COHU | 57Neutral | $2.18B | -92.68 | -2.90% | ― | 34.00% | 69.09% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IMOS | ChipMOS Technologies Ltd. | 50.73 | 20.30 | 66.71% | |
| ASX | Ase Technology Holding | 36.29 | 21.79 | 150.24% | |
| AMKR | Amkor Technology | 37.12 | 5.66 | 17.99% | |
| COHU | Cohu Inc | 45.00 | 22.91 | 103.71% | |
| FORM | Formfactor | 92.32 | 42.17 | 84.09% | |
| KLIC | Kulicke & Soffa Industries, Inc. | 72.42 | 35.70 | 97.23% |
ChipMOS Technologies Corporate Events
ChipMOS Technologies Boosts Manufacturing Capacity with NT$1.24 Billion Equipment Investment
ChipMOS Technologies reported that between March 15 and October 21, 2026, it acquired and disposed of machinery equipment and related accessories as part of its manufacturing operations. The moves were disclosed as material information to the Taiwan...
ChipMOS Sets Record Q3 2026 Revenue on AI-Driven Demand Surge
ChipMOS Technologies reported that its third-quarter 2026 revenue reached a record NT$8,400.8 million (US$263.8 million), up 13.8% quarter-on-quarter and 36.7% year-on-year as of September 30, 2026. Management attributed the strong performance to sus...
ChipMOS Technologies Reveals Strong Earnings Surge After TWSE Trading Disclosure Trigger
ChipMOS Technologies disclosed key financial metrics on September 29, 2026 after its securities triggered a trading information disclosure threshold set by the Taiwan Stock Exchange. The company reported that in August 2026 unaudited revenue reached...
ChipMOS to Brief Institutional Investors at UBS Taiwan Summit 2026
ChipMOS Technologies Inc., a leading outsourced semiconductor assembly and test (OSAT) provider listed in Taiwan and on Nasdaq, operates advanced facilities in major Taiwanese science parks. The company offers comprehensive assembly and testing servi...
ChipMOS Posts 33% Year-on-Year Revenue Surge in August 2026 on AI Memory Demand
On September 10, 2026, ChipMOS Technologies reported unaudited consolidated revenue of NT$2,785.7 million (US$88.0 million) for August 2026. The figure marked a modest 1.3% decline from July’s NT$2,823.0 million, but a robust 33.3% year-on-year incre...
ChipMOS Board Approves Strong First-Half 2026 Financial Results
ChipMOS Technologies’ board held its 19th meeting of the 11th Board of Directors on August 11, 2026, approving the company’s consolidated financial statements for the second quarter of 2026. For the six months ended June 30, 2026, ChipMOS reported op...
ChipMOS Delivers Highest Quarterly Revenue Since 2014 on Strong 2Q 2026 Turnaround
ChipMOS reported on August 11, 2026 that its second-quarter 2026 revenue rose 28.7% year on year to NT$7.38 billion, its highest quarterly level since 2014, and 6.5% sequentially. The company’s gross margin expanded to 18% from 6.6% a year earlier, r...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 23, 2026