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Espressif Systems (688018) investor relations material
Espressif Systems Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net profit attributable to shareholders for the first three quarters reached ¥376.77 million, up 50.04% year-over-year, driven by revenue growth, improved gross margin, and controlled expense growth.
Revenue for the first three quarters was ¥1.91 billion, a 30.97% increase year-over-year, mainly due to higher digitalization and smart industry penetration and new customer ramp-up.
The company’s product portfolio is focused on the IoT sector, with smart home as the main revenue source, but non-smart home segments are growing faster.
Financial highlights
Q3 revenue was ¥666.71 million, up 23.51% year-over-year, but down 3.05% sequentially from Q2 due to a high base effect.
Q3 net profit was ¥116.50 million, up 17.46% year-over-year, but down 30.90% sequentially.
Gross margin for the first three quarters was 46.17%, up 3.36 percentage points year-over-year.
Operating cash flow for the first three quarters was ¥310.07 million, up 238.32% year-over-year, mainly due to increased cash from sales.
Basic and diluted EPS for the first three quarters were ¥2.4280, up 25.12% year-over-year.
Outlook and guidance
The company expects continued growth driven by digitalization and smart industry trends, with a focus on expanding non-smart home applications and maintaining R&D investment.
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