Chinese semiconductor supplier Goodix Technology reported robust growth in its third-quarter earnings. Q3 revenue reached 1.27 billion yuan, a 31.33% year-over-year increase, while net profit attributable to shareholders surged 87.95% to 246 million yuan.
For the first three quarters of the year, cumulative revenue was 3.52 billion yuan, up 9.25%, with net profit rising 50.99% to 677 million yuan.
The strong performance was driven by the ramp-up of new sensor products and solid demand from key smartphone clients, including Samsung, Xiaomi, Vivo, and OPPO. High-volume shipments of innovative solutions like ultrasonic fingerprint sensors and ambient light sensors, which entered commercial use in Q4 2024, contributed significantly to growth. Increased shipments of medium and large-sized touch control chips for the IoT market, coupled with improved gross margins from lower chip procurement costs and product optimization, further boosted profitability.
ICgoodFind : Goodix's impressive results highlight the growing technical capability and market competitiveness of domestic Chinese sensor suppliers.
