Raydium faces 4Q26 slowdown after AI capacity fears fuel customer stockpiling

Display driver IC designer Raydium Semiconductor reported consolidated revenue of NT$6.57 billion (≈ US$200 million) for the third quarter of 2026, down 3.8% sequentially but up 21.0% year on year. Gross margin reached 26.4%, rising 0.7pp from the previous quarter but falling 2.2pp from a year earlier. Operating profit declined 13.1% sequentially and 11.7% year on year to NT$310 million.