Hanmi Semiconductor's stock surged over 26% in early trading after the company reported second-quarter earnings that exceeded market expectations. The firm achieved its highest quarterly revenue to date, with an operating profit margin surpassing 50% for the first time, boosting investor sentiment.
As of 10:29 a.m. on July 15, Hanmi Semiconductor shares were trading at 263,000 won, up 55,500 won (26.75%) from the previous day, according to the Korea Exchange.
The company's strong performance, announced the previous day, is credited with driving the stock's rise. Hanmi Semiconductor reported consolidated revenue of 251.1 billion won for the second quarter, a 39.5% increase from the same period last year, marking its highest quarterly performance since its establishment. Operating profit reached 130.3 billion won, a 51.0% increase, surpassing market consensus of 121.0 billion won by about 8%, with an operating profit margin of 51.9%, exceeding 50% for the first time on a quarterly basis.
The company attributed its improved performance to increased sales of TC bonders and micro-vision placement (MSVP) equipment for high-bandwidth memory (HBM), driven by expanded investments in artificial intelligence (AI) and ongoing capital expenditures by global semiconductor manufacturers.
Additionally, positive sentiment from the U.S. market contributed to the recovery in investor confidence. The U.S. Consumer Price Index (CPI) for June, released on July 14 (local time), came in below market expectations, easing interest rate concerns. This led to increased buying activity in AI and semiconductor-related stocks on the New York Stock Exchange, which in turn boosted sentiment for domestic semiconductor equipment stocks, including Hanmi Semiconductor.
* This article has been translated by AI.
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