The IP collaboration drove a step-change in revenue and margins; watch for sustainability in H2 2026 and whether the Aeolus Robotics equity stake generates further value. The company's $29M cash cushion provides downside protection for the $15M market cap.
Price Chart
Executive Summary
GigaMedia reported Q2 2026 revenue of $2.13M, up 145% YoY, and swung to net income of $0.55M from a $0.88M loss in Q1, driven by a successful IP collaboration in Hong Kong and a $0.37M gain from converting Aeolus Robotics bonds into a 33.35% equity stake. The core operating loss narrowed to $0.10M from $0.95M QoQ, and cash remains solid at $29.0M.
Key Facts
- Q2 2026 revenue of $2.13M, up 182.3% QoQ and 144.9% YoY
- Gross profit of $1.24M, up 197.1% QoQ and 159.7% YoY
- Net income of $0.55M vs net loss of $0.88M in Q1 2026
- Operating loss narrowed to $0.10M from $0.95M QoQ
- Converted Aeolus Robotics bonds into preferred shares, now holds 33.35% voting rights; recognized $0.37M deemed disposal gain
- Cash, cash equivalents and restricted cash of $29.0M ($2.63 per share)
- Net asset value of $3.69 per share
Financial Impact
Revenue surged 145% YoY to $2.13M; net income of $0.55M vs $0.84M YoY (decline due to prior-year FX gains); operating loss improved 89% YoY to $0.10M
Risk Factors
- Revenue base remains small ($2.13M quarterly) and dependent on a single IP collaboration
- Operating loss persists, though much reduced
- Aeolus Robotics is pre-revenue R&D stage; equity-method accounting introduces volatility
- YoY net income declined due to non-recurring FX gains in prior year
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-326648 |
| Document: gigm-6-k-2026_q2er.htm | 0001193125-26-326648 |
| Document: 0001193125-26-326648-index-headers.html | 0001193125-26-326648 |
| Document: 0001193125-26-326648-index.html | 0001193125-26-326648 |
| Document: 0001193125-26-326648.txt | 0001193125-26-326648 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 12w ago | 6-K | $1.42 $1.48 | ▲ +3.87% | ▲ +0.36% | $1.23 (−13.38%) |
Jun 25, 2026 17w ago | 6-K | $1.38 $1.47 | ▲ +6.52% | ▲ +4.96% | $1.23 (−10.87%) |
Jun 16, 2026 18w ago | 6-K | $1.40 $1.38 | ▲ +1.43% | ▼ −0.80% | $1.23 (+12.14%) |
May 28, 2026 21w ago | 6-K | $1.47 $1.43 | ▲ +2.72% | ▲ +3.04% | $1.23 (+16.33%) |
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