MediaTek reported Q2 2026 revenue up 18% YoY to a record high, driven by 5G SoC shipments and Dimensity flagship penetration. However, gross margin fell 1.2 ppt QoQ to 48.5%, reflecting price competition and cost pressure. This deep dive analyzes MediaTek's financials amid smartphone recovery and industry cycle, highlighting the coexistence of order growth and margin compression for fabless companies.
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