立讯精密 - 2025 年三季度指引：业绩符合预期；非苹果业务在二季度因终端市场多元化改善；买入评级

26 August 2025 | 3:39PM HKT Luxshare (002475.SZ): 3Q25 guidance / 2Q25 results in line; NM sequentially improved in 2Q25 with diversifying end markets; Buy We are positive on Luxshare given its market share gain in iPhones, and the upcoming form factor changes in two consecutive years to support the end market demand and supply chain. The company's diversification into non-smartphone market is also a solid support to its long term growth. 2Q25 revenues increased by 2% QoQ, while net income was up by 18% QoQ ...