20 August 2026, AAC Technologies Holdings Inc. (HKG: 2018; AAC Technologies or the Group) today released its interim results for the six months ended 30 June 2026. Revenue for the first half of 2026 (1H 2026) reached a record RMB14.51 billion, up 8.9% year-on-year (YoY). Net profit attributable to owners of the Company rose 2.9% YoY to RMB901 million. After excluding other gains and losses related to fair value gains and losses, the growth rate of net profit for the first half of the year stood at 37.4%.This marks the third consecutive year the Group has achieved a record first-half revenue since pivoting toward AI-related new businesses. At the results briefing, CFO Guo Dan highlighted that AI new businesses have become the core driver of the Group’s top-line growth. As specialized business segments including liquid-cooling coolant distribution units (CDUs), wafer-level glass (WLG) optical communications, AR optical waveguide lenses and robotic motors ramp, the Group’s multi-engine growth model is accelerating, and the contribution from new businesses is set to expand further. Full-year 2026 revenue is expected to deliver double-digit growth, with the scale of AI new businesses potentially exceeding RMB8 billion in 2027.
( AAC Technologies CFO Guo Dan)
Full-year revenue is expected to deliver double-digit growth
Dan stated that despite external market pressures, management remains cautiously optimistic regarding full-year operations, expecting double-digit revenue growth with gross profit margin to improve steadily from the 22.4% recorded in 1H 2026.
By segment, the acoustics and electromagnetic drives business is expected to deliver single-digit full-year revenue growth, with gross margin likely to improve further from the 28.6% recorded in the first half.
The precision mechanics and heat dissipation business continues to be a powerful growth engine, with full-year revenue expected to increase by more than 30%. Gross margin in this segment reached 23.1% in the first half and is expected to rise further in the second half.
The optics business saw a YoY decline in revenue, reflecting industry conditions and customer mix, but overall gross margin remained resilient. Gross margin of plastic lenses and G+P hybrid lenses improved by more than 5 percentage points YoY, driven by yield and process optimization. The Group is increasing the shipment mix of 6P-and-above high-end lenses and accelerating certification and onboarding with overseas customers.
The sensor and semiconductor business, benefiting from AI-driven upgrades in end devices, is expected to grow full-year revenue by 15%–20%, with gross margin improving steadily. Automotive acoustics, leveraging vertically integrated solutions spanning speakers, amplifiers and professional tuning, is expected to grow full-year revenue by 15%–20% despite a weaker auto market. Gross margin may decline by around 2 percentage points YoY, reflecting intensified industry competition and changes in product mix.
Among the global leaders in AI thermal management
Rapid advances in the AI industry have triggered a surge in thermal-management demand. In 1H 2026, AAC Technologies’ heat dissipation revenue surged approximately 400% YoY to RMB1.10 billion, highlighting its strong growth momentum.
According to Dan, AAC Technologies now ranks among the global leaders in consumer-electronics thermal management and among China’s top-three AI-server liquid-cooling providers by market size.
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