Incap estimates that its revenue and operating profit (EBIT) for 2023 will be lower than in 2022. The decrease in the revenue and operating profit estimate is related to Incap’s largest customer, who has decided to reduce inventory levels and is therefore postponing some orders from 2023 to 2024.
With the current change in the market dynamics including improved component availability as well as a recession in some key markets, the customer has built up too high inventory levels, as growth is smaller than they initially projected.
Incap has a long-term relationship with the customer and is working closely with them by adjusting the production volumes to help them reduce their inventory levels. The inventory adjustment period is expected to be temporary. The customer is in a strong financial position, and the outlook for their business remains good.
Incap expects growing revenue from most of its other customers, but the growth is not enough to compensate for the decreased sales to the largest customer.
Previously Incap estimated that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2023 would be higher than in 2022.
Incap’s business review for January–March 2023 will be published on 26 April 2023.
Source: EMS Now
Abonnieren fuer regelmaessige Marktupdates.
Bleiben Sie auf dem neuesten Stand der Branchentrends, indem Sie unseren Newsletter abonnieren. Unser Newsletter ist Ihr Zugang zu erstklassiger Marktexpertise.
Micron will get $6.1 billion in US Chips Act grants to help build fabs in New York and Idaho. Senator Chuck Schumer of New York announced the award and said the money would go towards building two fabs in New York by 2030 and o
Earlier today TSMC announced Q1 revenue up 12.9% y-o-y at $18.87 billion and profit up 8.9% y-o-y at $6.96 billion. Compared to Q4, the Q1 revenue was down 5.3% and net income was down 5.5%. Gross margin for the
The Q1 smartphone market grew 7.8% q-o-q to 289.4 million units, says IDC. It was the third consecutive quarter of market growth, Notes: • Data are preliminary and subject to change.
2023 sales of semiconductor manufacturing equipment fell 1.3% to $106.3 billion from 2022’s record $107.6 billion, says SEMI. China was the biggest market, growing 29% y-o-y to $36.6 billion, followed by Korea whi
TSMC had Q1 revenue up 16.5% y-o-y at $18.54 billion up from $16.72 billion Q1 2023. For March, TSMC had revenues that were 34.3% up y-o-y and 7.5% up m-o-m at $6.2 billion. It was the biggest m-o-m rise since Nove
After two years of decline, the worldwide traditional PC market returned to growth during the first quarter of 2024 (1Q24) with 59.8 million shipments, growing 1.5% year over year, according to IDC RECOMMENDED ARTICLESHMI claim
