Citi sets TWD 6,800 target for MediaTek stock

Published on 10/22/2026 at 12:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached TWD 168.06 billion on October 8, 2026. MediaTek stock enters October 30 results with 10.43 percent quarterly growth.

AI revenue and reporting dates

Citi set a TWD 6,800 target for MediaTek on October 22, 2026.
Third-quarter revenue reached TWD 168.057 billion, up 10.43 percent quarter on quarter.
MediaTek's next investor conference is scheduled for October 30, 2026.

MediaTek, TW0002454006, Illustration mit AI erstellt.

MediaTek (ISIN TW0002454006) received a new TWD 6,800 price target from Citi on October 22, 2026, as the chip designer's artificial intelligence custom-chip business becomes a larger part of the investment case. According to TechNews, Citi reiterated its Buy rating and expects third-quarter revenue of TWD 168.055 billion, up 10 percent quarter on quarter and 18 percent year on year.

AI ASIC becomes the growth test

The immediate question is whether data-center chips can reduce MediaTek's reliance on mobile devices. C114 reported that third-quarter consolidated revenue reached TWD 168.057 billion, 10.43 percent above the second quarter and 18.27 percent above the same period in 2025. The result exceeded the company's guidance range of TWD 152.2 billion to TWD 159.8 billion.

C114 also said MediaTek's first data-center AI accelerator ASIC is scheduled for mass production in the fourth quarter of 2026, while data-center revenue is expected to exceed USD 2 billion for the full year. That combination gives the TWD 6,800 target a measurable operating premise rather than relying only on smartphone demand.

Three milestones explain the shift

On June 3, 2026, MediaTek listed an AI-powered connectivity solution for cloud gaming and a 5G uplink breakthrough with Samsung. On August 30, 2026, the company listed a deeper NVIDIA partnership for AI edge-to-cloud platforms. On October 22, 2026, Citi's TWD 6,800 target put the AI ASIC strategy at the center of the stock discussion.

What dates matter next?

TechNews said MediaTek will hold its next investor conference on October 30, 2026. The company lists October 30, 2026 as the next results date in the current reporting schedule, followed by an October 2026 monthly sales update on November 10, 2026, according to its investor-relations page. For investors, the key comparison will be whether quarterly growth converts into sustained AI-related revenue.

Home-market quote and investor view

MediaTek was last at TWD 4,010.00 on the Taiwan Stock Exchange on October 22, 2026 at 1:30 p.m. TST. The quote followed the company's latest quarterly revenue disclosure and the new Citi target, while the October 30 conference should provide the next detailed update on AI ASIC execution.