Key Takeaways:
- Montage Tech 1H26 net profit rose 72.3% to RMB1.997 billion on record Q2 results.
- Q2 revenue hit RMB1.875 billion, up 32.8% YoY, with net profit at RMB1.15 billion.
- Company declared interim dividend of RMB2 per 10 shares.
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Montage Tech H1 profit jumps 72% as DDR5 chip sales climb
Montage Technology reported 1H26 net profit of RMB1.997 billion, up 72.3% year on year, on record quarterly results.
The company attributed the growth to higher revenue, an improving product mix and a surge in investment income, according to its interim report. Revenue rose 26.7% to RMB3.335 billion, while gross profit climbed 36.9% to RMB2.179 billion.
Net profit attributable to shareholders reached RMB1.997 billion, with earnings per share of RMB1.69. The board declared an interim dividend of RMB2 per 10 shares, following a final dividend of RMB0.39 per share for 2025. For the second quarter alone, revenue totaled RMB1.875 billion, up 32.8% year on year and 28.3% sequentially, while net profit reached RMB1.15 billion, up 81.5% year on year and 35.7% sequentially — both record highs for a single quarter.
The results come as the memory market tightens. The gross margin of the company's interconnect chips climbed to 69.3%, up 4.95 percentage points year on year, as new products such as DDR5 next-generation RCD chips gained share. Total investment income and fair-value gains reached RMB682 million, up 5,939.4% year on year.
The strength echoes a broader memory-sector upcycle. Changxin Technology, China's largest DRAM maker, swung to a first-half net profit of RMB77.6 billion on higher DRAM prices and volumes, while Junzheng Shares posted a 489.6% jump in net profit on memory chip demand. Tongfu Microelectronics, a packaging and testing firm, also reported a 316.8% rise in first-half net profit on AI and memory demand.
Shares of Montage Technology fell 5.4% on the Hong Kong exchange on Friday. The company also trades on the Shanghai exchange as 688008.SH.
The record quarterly results signal sustained demand for memory interface chips as data-center and AI workloads expand. Investors will watch whether DDR5 adoption continues to lift margins in the second half, and whether the company raises its full-year outlook when it reports third-quarter results.
This article is for informational purposes only and does not constitute investment advice.
[1] ＜Results＞ MONTAGE TECH (06809.HK) 1H26 Net Profit Up 72.3% YoY to RMB1.997 billion; Interim Dividend RMB2 per 10 Shares[2] Montage Technology (06809) announced its interim results, with net profit attributable to shareholders reaching approximately RMB 1.997 billion, a year-on-year increase of 72.33%. A dividend of RMB 2 per 10 shares was declared.[3] Montage Technology's first-half net profit surged 72%, with ...[4] Net profit reaches RMB 77.6 billion; H1 results released for the RMB 4 trillion storage industry leader | Post-Market Announcement Roundup
