GIGADEVICE: First-Half Net Profit Expected to Surge 1099% Year-on-Year
GIGADEVICE announced that it expects its net profit for the first half of 2026 to reach approximately RMB 6.9 billion, a year-on-year increase of 1099%; revenue is expected to be around RMB 11.5 billion, up 177% year-on-year. Driven by tight supply in memory chips and demand-pull for microcontrollers, the company saw increases in both sales volume and prices, leading to a significant surge in operating performance
GIGADEVICE announced that it expects its net profit for the first half of 2026 to be around RMB 6.9 billion, a year-on-year increase of 1099%. Revenue is projected to reach approximately RMB 11.5 billion, representing a 177% year-on-year growth.
During the reporting period, the memory chip industry faced tight supply conditions. The company’s memory chip products experienced rises in both sales volume and pricing, enhancing the profitability of its memory business. Microcontroller products benefited from demand-pull in sectors such as industrial, consumer, and automotive applications, resulting in robust growth in shipment volumes. The simultaneous improvement in the company’s revenue scale and earnings quality drove a substantial increase in overall operating performance.
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