GigaDevice Semiconductor (603986) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 2.68 billion, up 31.40% year-over-year, driven by improved DRAM industry supply and strong demand across consumer, industrial, and automotive sectors.

• Net profit attributable to shareholders for Q3 2025 was RMB 507.75 million, a 61.13% increase year-over-year.

• Year-to-date (Jan–Sep 2025) revenue was RMB 6.83 billion, up 20.92% year-over-year; net profit attributable to shareholders was RMB 1.08 billion, up 30.18%.

Financial highlights

• Gross margin improved as revenue and gross profit both increased significantly.

• Operating cash flow for Q3 2025 was RMB 837.82 million, up 37.77% year-over-year; year-to-date operating cash flow was RMB 1.80 billion, down 3.30% year-over-year.

• Basic EPS for Q3 2025 was RMB 0.76, up 58.33% year-over-year; year-to-date basic EPS was RMB 1.64, up 30.16%.

• Total assets at quarter-end were RMB 20.76 billion, up 7.94% from the previous year-end.

• Shareholders’ equity attributable to listed company shareholders was RMB 18.19 billion, up 10.28% from the previous year-end.

Outlook and guidance

• DRAM industry supply continues to improve, supporting a favorable pricing and volume environment.

• Diversified product portfolio and strong demand in multiple end markets expected to sustain growth.