Gigadevice Semiconductor Announces Preliminary H1 Results, Forecasts 69 Billion Yuan Net Profit, Up 1099% Year-on-Year

Stock News07-09 18:38

Gigadevice Semiconductor Inc. (SHSE: 603986) has issued an announcement forecasting its preliminary financial results for the first half of 2026.

The company anticipates achieving a net profit attributable to shareholders of approximately 6.9 billion yuan. This represents an increase of around 6.325 billion yuan compared to the same period last year, translating to a year-on-year growth of approximately 1099%.

During the reporting period, the supply within the memory chip industry was tight. The company's memory chip products experienced both increased volume and higher prices, leading to improved profitability in its memory business segment.

Furthermore, the company's microcontroller products benefited from demand growth across industrial, consumer, and automotive sectors, resulting in a favorable expansion in shipment scale.

The company achieved simultaneous growth in both its revenue scale and profit quality, which collectively drove a substantial increase in its overall operating performance.

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