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GigaDevice: Expected first half net profit year-on-year growth of about 1099%; storage chip products see both volume and price increase.

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Mars Finance News: GigaDevice (603986.SH) has announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be approximately 6.90 billion yuan, representing an increase of about 1,099% year-on-year. During the reporting period, supply in the memory chip industry was tight; the company’s memory chip products saw both volume and pricing rise, improving profitability in its memory business. Microcontroller products benefited from demand growth in sectors including industrial, consumer, and automotive, and its shipment volume also achieved solid growth. The company’s revenue scale and earnings quality increased in parallel, driving a substantial rise in overall operating performance. Xiaocai Note: The company’s Q2 net profit is expected to be 5.439 billion yuan, and its Q1 net profit was 1.461 billion yuan; based on this, Q2 net profit is expected to increase by 272% quarter-on-quarter. (Cailian Press)
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