GigaDevice (03986) Falls Over 6% in Early Trading as Q3 Net Profit Jumps 729% YoY but Drops 21% QoQ

Stock News10:50

GigaDevice (03986) dropped more than 6% in early trading. As of press time, the stock was down 5.43% at HK$324, with a turnover of HK$375 million.

On the news front, GigaDevice announced that its third-quarter revenue reached RMB 8.732 billion, up 225.65% year-on-year; net profit was RMB 4.209 billion, up 728.93% year-on-year, but down 21% quarter-on-quarter from RMB 5.396 billion in the second quarter. For the first three quarters, revenue totaled RMB 20.297 billion, up 197.11% year-on-year; net profit was RMB 11.066 billion, up 921.55% year-on-year.

A report released by TrendForce in mid-September showed that NOR Flash contract prices rose by an average cumulative 100% to 120% in the first half of 2026, but the market diverged in the second half. High-capacity products of 256Mb and above are expected to see average price increases of 90% to 110% in the second half, while price growth for mid-to-low-capacity products of 128Mb and below is slowing, with fourth-quarter 2026 gains estimated at 10% to 20%.

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