CLSA: Montage Technology (06809.HK) Q3 Net Profit Guidance Midpoint Up 164% YoY; Interconnect Chips Drive Gross Margin Improvement

Zhitong Finance APP has learned that CLSA issued a research report stating that Montage Technology (06809.HK) announced its Q3 2026 guidance, expecting net profit of RMB 1.2 billion to RMB 1.3 billion (same below), with a midpoint of RMB 1.25 billion, up 164% year-on-year and 9% quarter-on-quarter, 34% above the market expectation of RMB 932 million; recurring net profit is expected to be RMB 950 million to RMB 1.05 billion, with a midpoint of RMB 1 billion, up 166% year-on-year and 39% quarter-on-quarter, 22% above the bank's previous forecast of RMB 821 million. The bank maintains its "High Conviction Outperform" rating on Montage Technology (688008.SH) A-shares, with a target price of RMB 291.1, believing that the company remains a major beneficiary of rising server CPU demand.