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VIS October Revenue Drops 20% MoM, Yet Maintains Double-Digit Year-on-Year Growth
Electronic Technology · Semiconductors · economic_daily · 2026-11-09
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Vanguard International Semiconductor reported October revenue of NT$4.711 billion, reflecting a monthly decline due to lower wafer shipments while still posting a 20.5% year-on-year increase.
What Happened
October Financial Results: Vanguard International Semiconductor (VIS) announced its October consolidated revenue reached NT$4.711 billion. This figure represents a 20.20% decline from September, primarily driven by a reduction in wafer shipment volumes. Despite the monthly contraction, the company achieved a solid 20.53% increase compared to the same period last year.
Year-to-Date Performance: For the first ten months of the year, the company's cumulative revenue totaled NT$47.19 billion. This marks an 18.25% growth compared to the NT$39.906 billion recorded during the same period in the previous year, indicating a steady upward trend in overall business scale.
Drivers of Monthly Decline: Company spokesperson and CFO Hui-Lan Huang explained that the dip in October revenue was mainly due to lower shipment volumes. Revenue fell by approximately NT$1.193 billion from the NT$5.904 billion reported in September, highlighting short-term fluctuations in production and delivery schedules.
Quarterly Outlook: Looking ahead to the fourth quarter, VIS noted that while customer demand remains robust, output growth is constrained by bottleneck equipment. The company projects a slight increase in shipment volumes for the quarter, with average selling prices expected to rise by 3% to 5% and gross margins targeted at up to 36%.