NeoSem第二季度营业利润因SSD测试仪订单飙升2208%
半导体测试设备制造商NeoSem于8月14日公布第二季度财报，营业利润同比增长2208%，受益于存储半导体市场繁荣及SSD测试仪订单强劲。
原文深度解读
本文报道了半导体测试设备制造商NeoSem在2024年第二季度的强劲业绩，营业利润同比增长2208%，主要受益于存储半导体市场繁荣和SSD测试仪订单。文章涉及NeoSem的财务数据、产品线（如第六代SSD测试仪）、市场地位（竞争对手Advantest退出后主导市场）以及未来增长点（如CXL内存测试仪）。与电子元器件供应链的关系在于，NeoSem的测试设备是存储芯片（如SSD、HBM、DRAM）生产中的关键环节，其业绩反映了AI基础设施需求对存储供应链的拉动。
- NeoSem第二季度营收为360亿韩元，同比增长120.5%，环比增长148%；营业利润为114.17亿韩元，同比增长2208%，环比增长1809%；净利润为88亿韩元，同比扭亏为盈，环比增长281%。
- 上半年营收（含第一季度）达505.17亿韩元，同比增长约62%；营业利润为120.15亿韩元，约为去年全年40.55亿韩元的3倍；上半年净利润约111亿韩元，同比增长超过5809%（去年同期约1.88亿韩元）。
- 强劲业绩由SSD模块测试设备（测试仪）驱动，上半年SSD测试仪收入约273亿韩元，占总营收约54.1%。公司每年超过94%的收入来自出口，包括通过海外子公司的销售。
- 全球AI基础设施需求上升，企业级SSD供应增加，同时HBM和服务器DRAM模块（RDIMM）需求增长，存储制造商增加投资以扩大产能和提升质量，推动测试设备市场增长。
- NeoSem于2019年开始量产第四代CPU-based SSD测试仪，2021年开发出全球首款第五代CPU-based测试仪，去年将第六代测试仪商业化。全球竞争对手Advantest退出SSD测试业务后，NeoSem确立了市场主导地位。
- 第六代SSD测试仪累计订单在上半年超过100亿韩元，成为未来收入增长的新驱动力。自动化设备业务（曾长期亏损）也恢复增长，预计SOCAMM 2自动化测试仪和CXL 3.1内存测试设备的订单将增加，CXL内存测试仪市场预计明年进入全面增长阶段。
供应链影响
- NeoSem的SSD测试仪订单增长可能反映存储芯片制造商（如SSD、HBM、DRAM）扩产和升级的需求，进而可能影响相关测试设备供应链的产能分配。
- 由于NeoSem主导SSD测试仪市场（竞争对手Advantest退出），其订单增长可能意味着存储测试设备供应链的集中度提高，下游厂商可能依赖NeoSem的供应。
- CXL内存测试仪市场预计明年进入增长阶段，可能带动相关测试设备及CXL内存模块供应链的配套需求，但具体影响取决于技术采用速度。
- NeoSem的出口占比高（上半年91%），其业绩可能受全球贸易政策和汇率波动影响，进而可能影响其供应链的稳定性。
- 自动化设备业务恢复增长，可能推动SOCAMM 2等新型内存模块的测试设备需求，但订单增长取决于客户投资计划。
系统解读，仅作为判断线索，不构成备货、出货、涨价或投资建议。
NeoSem录得营业利润增长超过2200%，受益于存储半导体市场的繁荣。（照片：THE ELEC）
半导体测试设备制造商NeoSem第二季度利润增长超过2200%，受益于存储半导体市场的繁荣。
NeoSem于8月14日表示，第二季度营收为360亿韩元，同比增长120.5%，环比增长148%。营业利润为114.17亿韩元，同比增长2208%，环比增长1809%。净利润为88亿韩元，同比扭亏为盈，环比增长281%。
上半年营收（含第一季度业绩）达到505.17亿韩元，同比增长约62%。营业利润为120.15亿韩元，约为去年全年40.55亿韩元的3倍。上半年净利润约为111亿韩元，同比增长超过5809%（去年同期约为1.88亿韩元）。
强劲业绩由固态硬盘（SSD）模块测试设备（即测试仪）驱动。上半年SSD测试仪收入约为273亿韩元，占总营收约54.1%。公司每年超过94%的收入来自出口，包括通过海外子公司的销售。
随着全球AI基础设施需求上升，企业级SSD的供应增加，同时高带宽内存（HBM）和服务器动态随机存取存储器（DRAM）模块（RDIMM）的需求也在增长。存储制造商正在增加投资以扩大产能和提升质量，推动测试设备市场增长。
NeoSem于2019年开始量产其第四代基于CPU的SSD测试仪。2021年，它开发了其描述为全球首款第五代基于CPU的测试仪。该公司去年将第六代测试仪商业化。在全球竞争对手Advantest退出SSD测试业务后，NeoSem确立了市场主导地位。
第六代SSD测试仪的累计订单在上半年超过100亿韩元，成为未来收入增长的新驱动力。NeoSem官网将SSD测试列为其核心业务之一，并列出多个SSD测试平台，包括其FX系列。
自动化设备业务（曾长期亏损）也恢复增长轨迹。预计小型压缩连接内存模块（SOCAMM）2的自动化测试仪和支持Compute Express Link（CXL）3.1规范的内存测试设备的订单将增加。CXL内存测试仪市场预计明年进入全面增长阶段，预计生产设备将大规模供应。
NeoSem表示，今年上半年出口占营收的91%，并旨在下半年实现持续的季度增长，由国内和出口销售的平衡增长支撑。
NeoSem recorded more than 2,200% growth in operating profit, benefiting from a boom in the memory semiconductor market. (Photo: THE ELEC)
Semiconductor test equipment maker NeoSem posted profit growth of more than 2,200% in the second quarter, benefiting from a boom in the memory semiconductor market.
NeoSem said August 14 that second-quarter revenue was 36 billion won, up 120.5% from a year earlier and 148% from the previous quarter. Operating profit was 11.417 billion won, up 2,208% from a year earlier and 1,809% from the previous quarter. Net income was 8.8 billion won, turning profitable from a year earlier and rising 281% from the previous quarter.
First-half revenue, including first-quarter results, reached 50.517 billion won, up about 62% from a year earlier. Operating profit was 12.015 billion won, about three times the 4.055 billion won posted for all of last year. First-half net income was about 11.1 billion won, up more than 5,809% from about 188 million won a year earlier.
The strong results were driven by solid-state drive (SSD) module test equipment, or testers. First-half SSD tester revenue was about 27.3 billion won, accounting for about 54.1% of total revenue. More than 94% of the company’s revenue each year comes from exports, including sales through overseas subsidiaries.
As demand for AI infrastructure rises worldwide, supplies of enterprise SSDs are increasing along with high-bandwidth memory (HBM) and server dynamic random-access memory (DRAM) modules (RDIMMs). Memory makers are increasing investments to expand production capacity and improve quality, driving growth in the market for test equipment.
NeoSem began mass production and supply of its fourth-generation CPU-based SSD tester in 2019. In 2021, it developed what it described as the world’s first fifth-generation CPU-based tester. The company commercialized its sixth-generation tester last year. After global competitor Advantest exited the SSD tester business, NeoSem established a dominant position in the market.
Cumulative orders for sixth-generation SSD testers surpassed 10 billion won in the first half of this year, becoming a new driver of future revenue growth. NeoSem’s official website identifies SSD testing as one of its core businesses and lists multiple SSD test platforms, including its FX series.
Revenue from the automation equipment business, which had posted losses for an extended period, also returned to a growth trajectory. Orders are expected to increase for automation testers for Small Outline Compression Attached Memory Module (SOCAMM) 2 and memory test equipment supporting the Compute Express Link (CXL) 3.1 specification. The CXL memory tester market is expected to enter a full-fledged growth phase next year, with large-scale supplies of production equipment anticipated.
NeoSem said exports accounted for 91% of revenue in the first half of this year and that it aims to achieve continued quarterly growth in the second half, supported by balanced growth in both domestic and export sales.