
GoerTek: Apple supply chain has volume but little pricing power — where is the growth engine?
GoerTek released its Q2 2026 results and the 1H26 interim (to Jun 2026) after the A-share close on Aug. 20, 2026 (Beijing Time), with key takeaways as follows: (1) overall performance.
Q2 revenue was RMB 21.4bn (+0.7% YoY), slightly below market expectations of RMB 21.7bn.
1H growth was almost entirely driven by Q1, as Q2 was weighed by tight supply in memory and other components that softened demand in smartphones and other electronic end-markets; GPM reached 15.2% this quarter, improving YoY and QoQ...


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