Rockchip Electronics (603893) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 2.88 billion, up 40.60% year-over-year, with net profit attributable to shareholders at RMB 859 million, up 61.73% year-over-year, both setting historical highs for the period.

• Gross margin improved due to optimized product mix; R&D expenses increased 32.62% year-over-year to RMB 370 million, reflecting continued investment in innovation.

• The company maintained a leading position in AIoT chips, with flagship and new product lines (RK3588, RK3576, RV11, RK2118, RK182X) driving growth and customer expansion.

• No interim dividend or capital increase from reserves was proposed for the half-year.

Financial highlights

• Operating income: RMB 2.88 billion, up 40.60% year-over-year.

• Net profit attributable to shareholders: RMB 859 million, up 61.73% year-over-year.

• Operating cash flow: RMB 800 million, up 12.99% year-over-year.

• Basic EPS: RMB 2.04, up 60.63% year-over-year; diluted EPS: RMB 2.03.

• Gross margin and net margin both improved, with net assets up 12.33% and total assets up 17.96% from year-end 2025.

Outlook and guidance

• The company expects continued supply chain pressure on memory and upstream materials in the coming quarters.

• Strategic inventory and supply chain management are in place to mitigate risks and ensure stable chip supply.

• Ongoing R&D investment and product launches (RK36 series, RK18 series) are expected to support future growth.