GigaDevice: Expected first-half net profit up 1,099% year-on-year

Golden Finance reported that GigaDevice (603986.SH) announced that it expects the net profit attributable to shareholders of the listed company for the first half of 2026 to be approximately 6.9 billion yuan, a year-on-year increase of approximately 1099%. The change in performance is mainly due to tight supply in the memory chip industry, the company's memory chip products seeing both volume and price increases, and the growth in shipments of microcontroller products, driving a substantial increase in overall operating performance.
The company's Q2 net profit is expected to be 5.44B yuan, and Q1 net profit was 1.46B yuan. Based on this calculation, Q2 net profit is expected to surge 1500% year-on-year and increase 272% quarter-on-quarter.
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