Montage Technology Co. (688008) Q1 2026 earnings summary

Executive summary

• Achieved record quarterly revenue of RMB 1.46 billion, up 19.5% year-over-year, driven by strong AI industry demand and DDR5 RCD chip shipments.

• Net profit attributable to shareholders reached RMB 847 million, up 61.3% year-over-year; adjusted net profit excluding share-based payments was RMB 942 million, up 56.7%.

• Gross margin improved to 69.8%, up 9.3 percentage points year-over-year, supported by higher-margin interconnect chip products.

• Operating cash flow surged 232.9% year-over-year to RMB 627 million.

Financial highlights

• Revenue: RMB 1.46 billion, up 19.5% year-over-year.

• Net profit attributable to shareholders: RMB 847 million, up 61.3% year-over-year.

• Gross profit: RMB 1.02 billion, up 38.0% year-over-year.

• Basic and diluted EPS: RMB 0.73, up 58.7% year-over-year.

• Operating cash flow: RMB 627 million, up 232.9% year-over-year.

Outlook and guidance

• AI industry trends and DDR5 adoption expected to continue driving demand.

• New interconnect chip products anticipated to further boost revenue and margin mix.