GigaDevice Innovation said it expects revenue of about 11.5 billion yuan ($1.60 billion) in the first half of 2026, up about 177% year on year, according to Jiemian News. The company also forecast attributable net profit of about 6.9 billion yuan ($960 million), up about 1,099%, versus revenue of about 4.15 billion yuan and attributable net profit of about 575 million yuan a year earlier.
GigaDevice attributed the surge mainly to tight supply in the memory chip industry, which lifted both volumes and prices for its memory products and improved profitability. It also said microcontroller shipments grew on demand from industrial, consumer and automotive applications, and that gains in the fair value of its securities investments boosted recognized fair-value change income.
GigaDevice Expects H1 2026 Revenue of About $1.60 Billion, Net Profit About $960 Million
2026-07-09 09:57:20
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