Earnings Alerts

Impressive Surge: GigaDevice Semiconductor (603986) Earnings Soar with 54% Net Income Growth in 1H

  • GigaDevice Semiconductor’s net income for the first half of 2024 reached 517.0 million yuan.
  • This represents a 54% increase compared to the previous year, where net income was 336.0 million yuan.
  • Total revenue for the first half of 2024 amounted to 3.61 billion yuan.
  • Revenue has grown by 22% year over year.
  • Investment analysts’ ratings include 27 buys, 4 holds, and 0 sells.
  • These comparisons are based on the company’s original disclosed values.

A look at GigaDevice Semiconductor Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth2
Resilience5
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, GigaDevice Semiconductor shows a promising long-term outlook. With a high Resilience score of 5, the company demonstrates a strong ability to withstand market challenges and maintain stability over time, providing a sense of security for investors. Additionally, its Momentum score of 5 suggests that GigaDevice Semiconductor is currently experiencing positive growth trends and investor interest, which could potentially lead to further advancements and value creation in the future.

While the Value and Growth scores are more moderate at 2, indicating room for improvement in terms of valuation and expansion opportunities, the Dividend score of 3 suggests a moderate level of dividend payouts to investors. Overall, GigaDevice Semiconductor’s solid Resilience and Momentum scores point towards a company with a strong foundation and growth potential in the semiconductor industry.

**Summary:** GigaDevice Semiconductor Inc. manufactures and distributes non-volatile memory devices, including memory cards, controllers, flash chips, integrated circuits, and other related products. The company also engages in goods and technology import/export, import/export agency, and other related businesses.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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