Q-Tech Earnings: First-Half Gross Margin Miss Does not Harm Long-Term Nonsmartphone Growth
Q Technology's first-half 2026 gross margin fell 84 basis points year-on-year to 7% despite revenue growing 12% to CNY 9.92 billion. A worse product mix pushed average selling prices of smartphone products down 7%. The silver lining is automotive products' gross margin exceeded the group average.