GigaDevice Semiconductor Sees H1 Profit Soaring More Than 11-Fold
MT Newswires Live
Jul 10
GigaDevice Semiconductor (HKG:3986) expects net profit attributable to shareholders of about 6.90 billion yuan for the first half of 2026, up about 1,099% from 575.5 million yuan a year earlier, according to a Thursday filing with the Hong Kong bourse.
The company expects first-half revenue of about 11.5 billion yuan, up about 177% from the prior-year period.
The company attributed the expected growth to higher sales volumes and prices for memory chips amid tight industry supply, solid growth in microcontroller shipments driven by industrial, consumer, and automotive demand, and higher fair value gains on securities investments.
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