FADU: 3Q26 Revenue and Profit Both Hit Record Highs

In its preliminary earnings announcement released on the 19th, FADU said its consolidated revenue in the third quarter of this year reached KRW 143.6 billion, surging 460% year-on-year and up 96% quarter-on-quarter; operating profit reached KRW 36.3 billion, swinging to a substantial profit from a loss of KRW 11.4 billion in the same period last year. Both metrics hit new record highs. The strong financial results were driven by global big tech companies stepping up investment in AI data centers, which fueled explosive demand for memory solution. FADU's cumulative new orders this year reached KRW 456.3 billion, more than four times its full-year revenue last year (KRW 92.4 billion). After already supplying Gen5 controller to multiple global big tech companies, FADU has completed development of its next-generation Gen6 controller with significantly improved performance and is preparing to begin mass production and sales before the end of the year. In addition, the company is also developing a Gen7 controller, with the goal of providing samples in 2028.