GIGADEVICE Semiconductor Inc. (GIGADEVICE) released its unaudited results for the six months ended 30 June 2026.

Revenue surged 178.67% year-on-year to RMB11.57 billion, driven mainly by a 245.44% increase in memory-chip sales and a 49.07% rise in MCU revenue. Gross profit reached RMB7.30 billion, pushing gross margin to about 63% (1H 2025: 37%).

Net profit attributable to shareholders soared 1,091.50% to RMB6.86 billion, benefiting from both strong operating performance and a RMB2.23 billion fair-value gain on equity investments. Net profit after excluding non-recurring items rose 796.90% to RMB4.88 billion.

Operating cash flow improved to RMB6.05 billion (1H 2025: RMB0.96 billion). Cash and bank balances stood at RMB16.96 billion, bolstered by proceeds from the January 2026 Hong Kong listing, which raised HK$5.31 billion.

Total assets doubled to RMB42.41 billion, while net assets climbed to RMB37.54 billion. The gearing ratio remained low at 11.5%. R&D expenditure rose 40.72% to RMB0.97 billion, underscoring continued investment in NOR Flash, SLC NAND, niche DRAM, MCUs and analog products.

Management highlighted sustained momentum in automotive and industrial applications. Automotive-grade Flash cumulative shipments exceeded 450 million units; automotive MCUs topped 10 million units.

No interim dividend was declared. The Board approved a share-repurchase plan of up to RMB2 billion (pending shareholder approval) and proposed adoption of a 2026 H-share award scheme to deepen long-term incentives.