# China's GigaDevice posts 4.2 billion yuan third-quarter profit

> GigaDevice's earnings surge lifts profits but stock drops 67% from July peak.
- Title: China's GigaDevice posts 4.2 billion yuan third-quarter profit
- Summary: GigaDevice's earnings surge lifts profits but stock drops 67% from July peak. GigaDevice reported 4.209 billion yuan third-quarter profit as shares fell 67%…
- Keywords: giga device, chinese memory chips, securities, stock market, profit, share price, memory chips, mcu, huawei, nvidia, semiconductor, stock drop
- Source: BigGo Finance — https://finance.biggo.com/news/9dc0885e-4ddc-4492-8b51-f02ea714982a
- Author: BigGo Finance
- Published: 2026-10-29T11:25:40+00:00
- Read time: 1 min
- Topics: giga device, chinese memory chips, securities, stock market, profit, share price, memory chips, mcu, huawei, nvidia, semiconductor, stock drop
## GigaDevice reports third-quarter profit
GigaDevice's third-quarter report shows revenue of 20.297 billion yuan and net profit of 11.066 billion yuan for the first three quarters.
## Third-quarter profit figures
Third-quarter revenue reached 8.732 billion yuan with net profit of 4.209 billion yuan, up 728.93% year-on-year.
## Profit drivers
Tight memory chip supply boosted volumes and prices while gross margin recovered to 66.2%.
## Stock price decline
Shares closed at 275.99 yuan, down 67% from July peak of 846.66 yuan.
## Founder's share reduction
Founder Zhu Yiming reduced holdings by 11.1106 million shares for 4.4 billion yuan.
## Share repurchase activity
Company repurchased 1.115 billion yuan of shares through centralized bidding.
## Market value impact
Market value dropped 300 billion yuan from peak, wiping out 67% of share price.
## Gross margin recovery
Gross margin rose to 66.2% from 38.6% a year earlier, driven by cost control.
## Investor sentiment
Investors frustrated by founder's share reduction and stock decline.
## Memory supply chain impact
Tight supply cycle continues with price increases and inventory growth.
## Market reaction
Stock price below founder's reduction range, signaling investor concerns.
## Key takeaway

GigaDevice reported 4.209 billion yuan third-quarter profit as shares fell 67% from July peak.