GigaDevice: 2025 Net Profit Up 49.47% YoY, Memory Chip Gross Margin Increases 2.57%

On the evening of March 30, GigaDevice released its 2025 annual report. During the reporting period, the company achieved operating revenue of RMB 9.20 billion, representing a year-on-year increase of 25.12%; net profit attributable to shareholders of the listed company was RMB 1.65 billion, up 49.47% year-on-year. The company's steady revenue growth was primarily driven by the synergistic effects of improved industry structure, steady execution of the company's strategy, and rapid technological iteration. 

As the memory cycle moves upward, major overseas manufacturers are gradually exiting the niche market and reducing 2D NAND capacity, creating a significant supply gap in the industry. GigaDevice has been capturing the related demand, benefiting across its niche DRAM, SLC NAND, and NOR Flash products. Rapid growth was achieved in downstream segments such as consumer, automotive, industrial, storage, and computing.

By product segment, memory chip revenue increased 26.41% yoy, with gross margin rising 2.57 percentage points to 42.84%; microcontroller (MCU) revenue grew 12.98% yoy, with gross margin decreasing 0.92 percentage points; sensor revenue declined 13.15% yoy, while gross margin increased 3.11 percentage points; analog product revenue surged 2,051.82% yoy, with gross margin increasing 26.43 percentage points to 36.96%. The significant growth in analog product revenue and gross margin was mainly attributable to the increased sales volume of analog chips from Suzhou XySemi, which the company acquired before the end of 2024.

In 2026, GigaDevice will continue to advance customer adoption of products such as DDR4 8Gb in key areas including TV, industrial sectors (e.g., power utilities), and AI-related applications. The company will also focus on the mass production of LPDDR4 products and the development of small-capacity LPDDR5 products. Additionally, it will continue to drive mass production of chips for applications such as automotive cockpits, AI PCs, and robotics, contributing to a certain level of revenue.