ICG Earnings Prediction
The chart below shows how ICG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ICG sees a +5.27% change in stock price 10 days leading up to the earnings, and a +5.18% change 10 days following the report. On the earnings day itself, the stock moves by +2.47%. This data can give you a slight idea of what to expect for the next quarter's release.
ICG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
60.30M
781.39%
-50.98%
Gross Margin
67.65%
156.37%
1.38%
Operating Margin
26.91%
106.59%
-43.01%
Net Margin
5.23%
101.87%
-87.22%
EPS
0.03
118.75%
-92.86%
No Data Available
ICG Earnings Analysis
Intchains Group Limited American Depositary Shares Corporation (ICG.O) Earnings Conference Call
Positive
Record Revenue Surge: The company's third quarter revenue was CNY 60.3 million or USD 8.6 million, representing a year-on-year increase of 781%.
Overseas Revenue Contribution: Revenue from overseas accounted for 66.2% in the third quarter of 2024.
ASIC Chip Sales Increase: Our sales volume of ASIC chips for the third quarter was 207,838 units compared to 165,056 units for the same period in 2023, representing an increase of 26%.
Gross Margin Improvement: The gross margin was 67.7% in the third quarter, reaching the highest levels since Q1 2023, primarily due to the higher gross margins for our latest ASIC chip products launched in 2024 compared to the older ASIC chip products.
Net Income Turnaround: The net income for the third quarter was CNY 3.2 million or USD 450,000, and the non-GAAP adjusted net income was CNY 19.1 million or USD 912,000, both turning from a loss to a profit compared to the same period of last year.
Negative
Third Quarter Revenue Surge: Revenue for the third quarter was CNY 60.3 million or USD 8.6 million, representing a year-on-year increase of 781%, continuing the strong growth momentum from the second quarter of 2024.
Overseas Revenue Contribution: Revenue from the overseas accounted for 66.2% in the third quarter of 2024.
ASIC Chip Sales Increase: Our sales volume of ASIC chips for the third quarter was 207,838 units compared to 165,056 units for the same period in 2023, representing an increase of 26%.
Gross Margin Improvement: The gross margin was 67.7% in the third quarter, reaching the highest levels since Q1 2023, primarily due to the higher gross margins for our latest ASIC chip products launched in 2024 compared to the older ASIC chip products.
Operating Expenses Surge: In terms of total operating expenses, it was CNY 37.7 million or USD 5.4 million for the third quarter, representing an increase of 90.8% for the same period of 2023.
ICG FAQs
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ICG Earning Call Sentiment
Intchains Group Limited (ICG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ICG.O
3.16%Positive
The earnings call summary indicates strong financial performance with significant revenue and net income growth, improved margins, and a share buyback program. Despite some uncertainties in the Q&A session and competitive pressures, the company's strategic initiatives and optimistic outlook for growth and profitability support a positive sentiment. The share buyback program and improved margins further bolster this view, suggesting a likely stock price increase of 2% to 8% over the next two weeks.
