Fabless integrated circuit (IC) designer Montage Technology Co. Ltd. (6809.HK; 688008.SH) said on Tuesday its revenue reached about 2.08 billion yuan ($311 million) in the third quarter, up 46% year-on-year. It said it expects to report a net profit of between 1.2 billion yuan and 1.3 billion yuan for the quarter, up 153.6% to 164.7% year-over-year.
Excluding non-recurring items, Montage said its third-quarter profit totaled between 950 million yuan and 1.05 billion yuan, up 152.6% to 179.2% compared with the same period last year.
The company said rapid advances for AI inference and agent applications continued to drive demand for server CPUs. That fueled a rise in demand for memory modules and memory interconnect chips, resulting in a big jump in the company’s revenue and profits.
Montage’s sharesopened up 5% at HK$213.20 on Wednesday. The stock is up over 90% since its listing this year.
By Lau Chi Hang
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