GigaDevice Semiconductor (603986) Q1 2026 earnings summary

Executive summary

• Revenue surged 119.38% year-over-year to RMB 4.19 billion, driven by strong demand for storage chips and microcontrollers across industrial, consumer electronics, and automotive sectors.

• Net profit attributable to shareholders rose 522.79% year-over-year to RMB 1.46 billion, reflecting significant improvements in profitability.

• Operating cash flow increased 430.91% year-over-year to RMB 1.78 billion, supported by robust sales and efficient collections.

Financial highlights

• Total assets at quarter-end reached RMB 27.77 billion, up 29.80% from the previous year-end.

• Shareholders’ equity increased 32.96% to RMB 25.27 billion, reflecting capital raised from H-share listing and profit growth.

• Basic EPS was RMB 2.19, up from RMB 0.35 in the same quarter last year.

• Gross margin improved as revenue growth outpaced cost increases; operating profit margin expanded significantly.

Outlook and guidance

• Storage chip products are expected to maintain strong demand, with continued volume and price increases.

• Microcontroller shipments are projected to grow further, supported by industrial, consumer, and automotive applications.