Advantech Reports 2Q24 EPS of NT$2.46

Regarding the accumulated operating results of 1H24 in US dollars, Advantech achieved an overall revenue of US$897 million, decreased 20% YoY. In terms of geographic overview, only Taiwan outperformed with 12% YoY growth, mainly driven by shipments of semiconductor equipment and gaming projects. While North America, Europe, North Asia, and Emerging markets experienced double digit decline YoY; China market was single-digit decline in YoY. By business units, each business unit shown double digit decrease in performance compared to the same period last year.