Amlogic (Shanghai) Co (688099) Q2 2026 earnings summary

Executive summary

• Achieved revenue of RMB 4.39 billion in H1 2026, up 31.86% year-over-year, with net profit attributable to shareholders of RMB 611 million, up 23%.

• Q2 revenue and net profit reached historical highs, with Q2 revenue of RMB 2.50 billion and net profit of RMB 438 million, up 38.61% and 41.89% year-over-year, respectively.

• Growth driven by strong TV SoC business, high-end product launches, and expanded international customer base.

• Maintained robust R&D investment, with R&D expenses of RMB 914 million, representing 20.8% of revenue.

Financial highlights

• Operating income: RMB 4.39 billion, up 31.86% year-over-year.

• Net profit attributable to shareholders: RMB 611 million, up 23% year-over-year.

• Gross margin: 38.73% in H1, up 1.93 percentage points year-over-year; Q2 gross margin 39.65%.

• Basic EPS: RMB 1.45, up 22.88% year-over-year.

• Operating cash flow: -RMB 502 million, improved from -RMB 632 million last year.

Outlook and guidance

• Expects continued growth in Q3 and record full-year revenue and profit, though with some uncertainty.

• Strategic focus on high-compute AI edge chips, Wi-Fi 6/7, and global expansion.