Montage Technology Co., Ltd. (MONTAGE TECH) released its 2026 interim report, highlighting record performance for the six months ended 30 June 2026.

Revenue climbed 26.7 % year on year to RMB 3.34 billion, driven by sustained AI demand and new-generation interconnect products. Interconnect chips remained the core growth engine, contributing 93.3 % of sales at RMB 3.11 billion, up 26.4 %. The Jintide product line added RMB 220 million, rising 31.2 %.

Gross profit increased 36.9 % to RMB 2.18 billion, and gross margin expanded 4.87 percentage points to 65.3 % thanks to a richer product mix led by DDR5 RCDs and new interconnect chips. Profit attributable to shareholders surged 72.3 % to RMB 1.99 billion as investment and fair-value gains reached RMB 682 million. Excluding non-recurring items, core profit rose 21.2 % to RMB 1.32 billion.

Operating cash flow strengthened 25.4 % to RMB 1.33 billion, while the gearing ratio remained low at 7.5 %. The company invested RMB 453 million in R&D, equivalent to 13.6 % of revenue, and ended June with 604 R&D staff. Key milestones included sampling DDR5 Gen 6 RCD chips, trial production of a CXL 3.2 MXC chip, and tape-outs for PCIe 6.x/CXL 3.x Retimer and Gen 3 MRCD/MDB samples.

For Q2 2026 alone, revenue hit RMB 1.88 billion (+32.8 % YoY; +28.3 % QoQ) and profit to shareholders reached RMB 1.15 billion (+81.5 % YoY).

The Board declared an interim cash dividend of RMB 2.00 (tax-inclusive) per 10 shares, totaling approximately RMB 241.75 million. Earlier, a RMB 3.90 per 10 shares final dividend for 2025 (RMB 472 million) was paid.

Balance-sheet highlights show cash and cash equivalents of RMB 15.01 billion following the February 2026 Hong Kong IPO, which raised net proceeds of HK$7.92 billion (including over-allotment).

Subsequent to period-end, the Seoul Central District Prosecutors’ Office searched the company’s South Korea office over a potential competition-law matter. Montage stated no charges have been filed and operations continue as normal.

Looking ahead, management prioritises DDR5/DDR6, PCIe /CXL and Ethernet interconnect portfolios, targets further tape-outs (including PCIe 7.0 retimers and switch chips) in 2H 2026, and maintains its shareholder-return policy with ongoing share repurchases of up to RMB 600 million.