Taiwan-based IC developer Raydium Semiconductor announced its financial results for Q2 2026, with revenues of $211.8 million, up 25.4% from last quarter. Net profit was $10.7 million, as the company's margins decreased due to significant increases in wafer foundry and packaging/testing costs.
Raydium says that its higher sales were mainly driven by increased demand for its small and medium-sized AMOLED driver ICs, as customers are building up inventory.
The company sees softer demand for smartphone OLED drivers in Q3, as rising memory prices are lowering customer demand, and as the inventory buildup by some customers has concluded. Demand for its wearable OLED driver is expected to remain stable.
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