🟢 GIGADEVICE is trading 11.3% up today after forecasting a 1,099% surge in H1 profit

GIGADEVICE is trading 11.3% up at HK$1,047.00 after issuing a spectacular first-half 2026 profit forecast driven by booming memory prices and strong MCU demand.

• The company expects net profit to jump approximately 1,099% year-over-year to roughly RMB 6.9 billion, with revenue projected to rise 177% to RMB 11.5 billion.
• Growth is being fueled by surging memory prices and volumes alongside robust demand for Microcontroller Units (MCUs).
• Investors are reacting positively to the guidance amid heightened global interest in AI- and memory-related semiconductor plays.