26 August 2025 | 8:37AM CST Gigadevice (603986.SS): Upbeat guidance on DRAM; strong 3Q earnings outlook on price hikes; Buy In our preview note (link), we reiterated our constructive view on the stock on back of earnings acceleration into 3Q25, and noted key pushbacks prior to the print being the potential soft 2Q25 results and DRAM pricing sustainability. In 2Q25 results and the earnings call, while 2Q earnings were soft vs. our expectation, this key overhang has been removed in our view. Specifically, man ...