Rockchip Electronics (603893) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 1.21 billion, up 36.22% year-over-year, driven by strong AIoT platform sales.

• Net profit attributable to shareholders was RMB 329 million, a 57.15% increase year-over-year, setting a new Q1 record.

• AIoT and new productivity products showed resilience despite rising memory prices in the terminal market.

• RK3588, RK3576, and RV11 series led growth; new RK182X coprocessor series quickly adopted across industries.

Financial highlights

• Operating income: RMB 1,205 million, up 36.22% year-over-year.

• Net profit: RMB 329 million, up 57.15% year-over-year.

• Operating cash flow: RMB 383 million, up 22.77% year-over-year.

• Basic and diluted EPS: RMB 0.78, up 56% year-over-year.

• Total assets at quarter-end: RMB 5.75 billion, up 2.88% from year-end 2025.

Outlook and guidance

• AIoT market expected to maintain growth, with dual-track development of SoC platforms and coprocessors.

• Ongoing R&D in RK18 and RK36 series; some products nearing tape-out.

• Impact of continued memory price increases on the market remains to be seen.