Citi sets TWD 6,800 target for MediaTek stock

Published on 10/23/2026 at 09:55 | 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 chip targets and reporting date

Citi reaffirmed a Buy rating and set a TWD 6,800 target on October 22, 2026.
Third-quarter revenue reached TWD 168.06 billion on October 8, 2026.
MediaTek's next third-quarter reporting event is scheduled for October 30, 2026.

MediaTek, TW0002454006, Illustration mit AI erstellt.

MediaTek (ISIN TW0002454006) is heading toward its October 30 results after Citi reaffirmed a Buy rating and set a TWD 6,800 target on October 22, 2026, according to TechNews. The call puts MediaTek's data-center strategy alongside its established mobile-chip business.

Citi raises the AI stakes

Citi's TWD 6,800 target rests on stronger AI application-specific integrated circuit demand, improved product mix and an expected acceleration in fourth-quarter revenue, as reported by TechNews on October 22, 2026. The same report said Citi expects MediaTek's 2026 AI ASIC revenue to exceed USD 2.00 billion.

Three milestones shape the story

On October 8, 2026, MediaTek posted third-quarter revenue of TWD 168.06 billion, up 10.43 percent from the prior quarter and 18.27 percent from the year-earlier quarter, according to C114. On October 9, 2026, DBS Bank initiated coverage with a Buy rating and a TWD 6,200 target, according to MarketScreener. Citi's TWD 6,800 target followed on October 22, 2026.

What does the target mean for growth?

The central test is whether the new AI business can offset the uneven smartphone cycle. C114 reported that MediaTek's first data-center AI accelerator is slated for mass production in the fourth quarter of 2026 and that data-center revenue is expected to exceed USD 2.00 billion for the year. The opportunity is material, but execution and customer adoption remain the operating variables.

The next reporting date is October 30

MediaTek's investor notice dated October 16, 2026 scheduled the 2026 third-quarter financial presentation for October 30, 2026, with fourth-quarter guidance due at the same event, according to MediaTek. That date should clarify how much of the reported revenue strength is repeatable.

Market value before the results

MediaTek's latest Taiwan Stock Exchange quote was TWD 4,010.00 on October 22, 2026 at 2:39 p.m. TST. Its market capitalization was TWD 6.4 trillion as of October 22, 2026, giving the upcoming results a large valuation backdrop.