13 July 2025 | 10:32PM HKT Montage (688008.SS): 2Q25 NI guidance beat; Rev +52% YoY on rising DDR5 and Gen-3 interface IC ramp up; Buy 2Q25 NI guidance beat: Montage announced 2Q25 revenues growth at 52% YoY (or 15% QoQ) to Rmb1.4bn, supported by growing interface IC business and higher contribution from new products (PCIe re-timer, MRCD/ MDB, and CKD chipset, glossary in exhibit 6). 2Q25 NI was guided to grow at 62%~90% YoY to Rmb575m~Rmb675m, or midpoint NI guidance 18% higher than our estimates. We attri ...