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Giga Device Semiconductor Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
[Brokerage Focus] Jianyin International maintains GigaDevice Semiconductor Inc. as outperforming the market rating, stating that the growth momentum of the company's various departments is good, which is Bullish for this year's outlook.
Jinwu Financial News | Jianyin International research points out that GigaDevice Semiconductor Inc. (603986.SH) achieved a Net income of 1.1 billion yuan in 2024, consistent with the company's profit warning released on January 21, 2025 (expected to be 1.09 billion yuan). The Net income in the first quarter of 2025 increased by 15% year-on-year, all in line with expectations. The growth of various Business Sectors benefited from increased shipments in Consumer Electronics, computing, network Communications, and Autos. However, the average selling price of packaged DRAM and MCU faced pressure, leading to a decline in gross margin to 33.2% in the fourth quarter of 2024, low.
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Express News | Gigadevice Semiconductor Q1 Net Profit up 14.6% Y/Y