Bernstein raises target for MediaTek stock from TWD 4,380.00 to TWD 5,500.00

Published on 10/05/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

August revenue reached TWD 64.18 billion, up 44.10 percent year over year. MediaTek stock has a TWD 6,062.16 average target from 27 analysts.

MediaTek, TW0002454006, Illustration mit AI erstellt.

MediaTek stock received a Bernstein target increase from TWD 4,380.00 to TWD 5,500.00 on September 15, 2026, according to Moomoo. The revised target keeps the company tied to the expansion of custom artificial intelligence chips, while the October 5 security bulletin adds a separate operational issue for device makers.

Bernstein lifts the target

Bernstein maintained its Outperform rating while raising the target by TWD 1,120.00, a 25.57 percent increase from the previous TWD 4,380.00 level. Moomoo reports that Bernstein forecasts MediaTek ASIC revenue of USD 2.40 billion in 2026, USD 16.00 billion in 2027, and USD 44.00 billion in 2028.

The same research expects smartphone revenue to fall 18.00 percent in 2026, with Smart Edge growth of 20.00 percent providing a counterweight. That split matters because the AI opportunity is expanding while the established handset business remains under pressure.

AI revenue enters the thesis

For the second quarter of 2026, MediaTek reported revenue of TWD 152.18 billion, gross margin of 46.20 percent, operating income of TWD 22.87 billion, and net income of TWD 24.33 billion, according to the MediaTek earnings call transcript. Revenue was up 1.20 percent year over year and 2.00 percent sequentially, giving the AI strategy a measurable financial base.

MediaTek's first data-center ASIC is scheduled for production in the fourth quarter of 2026, and management expects 2026 data-center revenue to exceed USD 2.00 billion, the transcript says. The company also reported that Smart Edge Platforms grew 19.00 percent sequentially in the second quarter, while mobile-phone revenue declined 14.00 percent.

Risk sits in mobile chips

MediaTek's October 2026 Product Security Bulletin addresses 31 vulnerabilities, including two critical modem flaws and nine high-severity issues, as GBHackers reported on October 5, 2026. MediaTek said affected device manufacturers received fixes at least two months before public disclosure, and the bulletin stated that active exploitation had not been identified.

The next scheduled company event is September monthly sales, listed for October 8, 2026, at 5:00 p.m. Taipei time on MediaTek's investor-relations page. That release will show whether the August revenue pace of TWD 64.18 billion, up 44.10 percent year over year, carried into the final month of the third quarter.

Stock climbs with AI expectations

On the Taiwan Stock Exchange, MediaTek was last at TWD 5,165.00 on October 5, 2026, at 1:30 p.m. Taipei time, up 4.34 percent from TWD 4,950.00. The stock's 52-week range was TWD 1,130.00 to TWD 5,480.00, leaving the latest quote TWD 315.00 below the high.