Winbond Electronics reported a further expansion of its losses in the second quarter of 2025

Winbond's consolidated financial results for Q2 2025 show quarterly revenue of NT$21.017 billion (approximately $651 million USD), a year-on-year decrease of 2.2%. The gross margin was 22.66%, down 10.44 percentage points YoY, with an operating loss of NT$1.295 billion and a net loss attributable to the parent company of NT$1.312 billion, indicating a widened loss compared to the first quarter.

The company attributed the challenges partly to the New Taiwan dollar's average appreciation of over 10% against the US dollar during the quarter, which significantly impacted the operational model of memory manufacturers that bill in US dollars but report in NT dollars.

By product line, revenue for Winbond's CMS (Customized Memory Solution) division in Q2 increased 17% quarter-on-quarter and 4% year-on-year, hitting a nearly two-year high. Bit shipment volume grew over 40% YoY, with 20nm process-based DDR3 and DDR4 products rapidly ramping up, now accounting for 21% of CMS revenue. As the supply-demand gap for DDR4 emerges in the market, a sustained growth trend is anticipated, with tight supply conditions expected to persist at least into next year.

For Flash products, Q2 revenue grew 13% QoQ and 4% YoY. Although NOR Flash shipments were constrained short-term due to testing bottlenecks, overall bit shipment still grew by 20%. Winbond indicated that inventory levels in channels and at clients are currently low, and supply conditions are expected to improve starting August. Approximately 6% of Flash revenue now comes from products using the new 45nm process technology.