Gigadevice: Net profit for the first half is expected to increase by 1099% year-on-year.

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GigaDevice announced that it expects net profit in the first half of 2026 to be approximately 6.9 billion yuan, an increase of 1099% year-on-year. It expects operating income to be approximately 11.5 billion yuan, an increase of 177% year-on-year.

During the reporting period, the supply of memory chips in the industry was tight, and the company’s memory chip products saw both volume and price increases, leading to improved profitability in the memory business. Microcontroller products benefited from strong demand in the industrial, consumer, and automotive sectors, achieving good growth in shipment scale. The company’s revenue and profit both improved, driving overall business performance to achieve substantial growth.

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