MediaTek
ConvictionContext
Fabless chip design: sells system-on-chip and connectivity silicon to handset/consumer/auto OEMs; outsources fabrication to TSMC; monetizes IP+design, increasingly via custom-silicon (ASIC) design-service engagements for hyperscalers.
Revenue
NT$595,966M FY2025~$18.5B USD), +12.3% YoYRev growth
+12.3% FY2025Q1 FY2026 -2.7% YoY (mobile soft, Smart Edge growingGross margin
47.5% FY2025down from 49.6% FY2024); 46.3% Q1 FY2026Op margin
~15.3% Q1 FY2026down from ~19% YoY); opex ratio guided ~31%Capex intensity
Lowfabless -- outsources fabrication to TSMC); typically low-single-digit % of revenueMarket cap
~$208B USDTWSE:2454, NT$6.73T at NT$4,195 x ~1.60B sh, 2026-07-06The read
Where our coverage leans
Coverage leans bearish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence