[Espressif Technology: Net profit is expected to increase by 82.68%-98.27% year-on-year in the third quarter of 2026] On October 13, Espressif Technology (688018.SH) announced that the net profit attributable to the owners of the parent company is expected to be 211 million yuan-229 million yuan in the third quarter of 2026, a year-on-year increase of 82.68%-98.27%. The performance changes are mainly due to stable demand in the smart home industry, good growth in downstream applications in non-smart home fields, high-performance product lines benefiting from the growth in interactive demand for Internet of Things devices, gross profit margins maintaining a good level, and the emergence of scale effects driving net profit margins to increase. Xiaocai Note: The company’s Q3 net profit is expected to be 211 million to 229 million, and Q2 net profit is 199 million. Based on this calculation, Q3 net profit is expected to increase by 6% to 15% month-on-month.