Simply Wall St cuts Alchip Technologies stock target from USD 4,593.69 to USD 4,524.46

Published on 10/19/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alchip Technologies stock has October 30 results next after Q2 revenue fell 17.00 percent to TWD 7.64 billion. Net income rose 24.00 percent.

Catalyst and reporting schedule

The October 16, 2026 valuation update cut the target to USD 4,524.46.
Second-quarter revenue reached TWD 7.64 billion, down 17.00 percent year over year.
October 30, 2026 is the next earnings date for Alchip Technologies.
Alchip Technologies had a TWD 320.6 billion market capitalization as of October 19, 2026.

Alchip Technologies, KYG022421088, Illustration mit AI erstellt.

Alchip Technologies (ISIN KYG022421088) had its valuation target cut from USD 4,593.69 to USD 4,524.46 on October 16, 2026, according to Simply Wall St. The revision keeps attention on Alchip's AI accelerator ramp, margins and customer concentration.

Second-quarter results reset the debate

Alchip reported second-quarter revenue of USD 241.70 million, down 18.70 percent from a year earlier, while net income reached USD 51.80 million, according to Quartr. The same report put gross margin at 35.00 percent, compared with 20.00 percent in the year-earlier quarter, showing that the earnings discussion is shifting from demand alone to the quality of the product mix.

In reporting currency, second-quarter revenue was TWD 7.64 billion, down 17.00 percent year over year, while net income rose 24.00 percent to TWD 1.64 billion. The company also said N3 accelerator production began in May 2026 and shipments started in June, with further ramping expected during the third quarter.

Three dated steps in the story

On August 21, 2026, the second-quarter results showed TWD 7.64 billion of revenue and TWD 1.64 billion of net income, as summarized by Simply Wall St. On August 25, 2026, the target was lifted from TWD 6,542.00 to TWD 6,800.00. On October 16, 2026, the later valuation update cut the target from USD 4,593.69 to USD 4,524.46.

What does the margin change mean?

The second-quarter gross margin of 35.00 percent versus 20.00 percent a year earlier is the key counterweight to the revenue decline. Operating income reached USD 52.10 million, up 20.50 percent from the previous quarter and 38.70 percent from a year earlier, while operating margin rose to 22.00 percent from 12.00 percent.

Two dates shape the next test

TradingView lists October 30, 2026 as the next earnings date. Barron's lists March 18, 2027 for fiscal-year 2026 earnings.

AI growth meets valuation risk

Alchip's upside case depends on the N3 ramp and its next-generation design pipeline, but the lower October target shows that valuation assumptions remain sensitive to margins and execution. On the Taiwan Stock Exchange, the stock was last at TWD 3,715.00 on October 19, 2026 at 1:30 p.m. CST. The company had a market capitalization of TWD 320.6 billion on that date, while its 52-week range was TWD 2,480.00 to TWD 5,640.00.