Amlogic’s H1 2025 results showed robust performance: revenue 3.33 billion yuan (+10.42% YoY), net profit 497 million yuan (+37.12% YoY), non-IFRS net profit 457 million yuan (+34.48% YoY). Growth came from smart home demand, new products, higher high-margin sales and better efficiency.
All product lines grew, with Q2 shipments near 50 million (a record). Smart home sales rose over 50% YoY in H1 and Q2; chips with self-developed edge computing units shipped 9 million+ (exceeding 2024 full-year).
Wi-Fi 6 chips surged: H1 W-series hit 8 million units, Q2 Wi-Fi 6 sales over 1.5 million (surpassing 2024 full-year, +120%+ QoQ), making up 30% of W-series. 6nm chips shipped 4 million+ in H1, projected to top 10 million annually.
H1 R&D reached 735 million yuan (+6.1 million YoY). New products are well-received, with ongoing R&D to drive growth. Q3 and full-year 2025 are expected to grow further. As of Aug 15, stock closed at 77.32 yuan (+1.15%), market cap 32.56 billion yuan.
ICgoodFind: Wi-Fi 6 chips fuel Amlogic’s growth; R&D supports long-term prospects.
