---
endpoint: analytics
pattern: 02 · Company fundamentals
status: done
latency_ms: 122579
conversation_id: a85a92c0-56f4-413f-b43b-ad2e8cc05efd
citations: 0
created: 2026-05-31 16:55:01Z
---

# Break down MediaTek's revenue by end-market.

## MediaTek (2454 TT) — Revenue by End-Market

The most recent end-market breakdown available in internal research is from CLST's (CLSA Taiwan subsidiary) 1Q25 results review note, dated 30-Apr-2025. MediaTek reports its business in three end-market buckets: **Mobile (Smartphone)**, **Smart Edge**, and **Power IC**.

### 1Q25 revenue mix (actual)

| Segment | % of 1Q25 sales |
|---|---|
| **Mobile / Smartphone SoCs** | **~56%** [1] |
| **Smart Edge** (consumer ASIC, IoT, tablet, automotive, connectivity, AIoT) | **~39%** [1] |
| **Power IC** | **~5%** [1] |
| Total revenue | NT$153.3bn (+14.9% YoY / +11.1% QoQ) [1] |

Strong 1Q25 sales were driven by **mainstream smartphone SoCs**, with smartphone accounting for around 56% of total 1Q25 sales; Smart Edge represented 39% of total revenue and Power IC accounted for 5% [1].

### 2Q25 directional trajectory (per CLST 30-Apr-2025 note)

- **Smartphone**: Sales expected to **remain flat or decline slightly** QoQ [2].
- **Smart Edge**: Sales **will increase**, driven by demand from **consumer ASIC, automotive, and tablet** [2].
- **Power IC**: Revenue **will improve** in 2Q25 [2].
- Management cites strong demand for **GB10** (NVIDIA's personal-AI workstation chip co-developed with MediaTek) and **automotive in China**, though these are expected to comprise only a small portion of overall 2025 sales [2].

### 2H25 mix outlook — drivers and headwinds

- **Smartphone — slowing in 2H25**: Robust 1H25 demand driven by share gains in high-end and 4G mobile segments. However, the 4G smartphone business may face **greater competition from UniSoC** after it completes its back-end capacity transfer; **softer demand in low-end 5G** is also expected in 2H25 [3].
- **Xiaomi in-house AP (XRING)**: Not a downside risk to MediaTek — it replaces Qualcomm's high-end AP and **incorporates MediaTek's 5G modem**. CLST expects Xiaomi's in-house AP volume to be small [4].
- **Data-center ASIC (the future growth leg)**: MediaTek's 224G SerDes design for **Google's TPU** is complete, with tape-out targeted Sep–Oct 2025. CLST has cut its 2026 datacenter ASIC revenue estimate from **US$2.4bn to US$1.6bn**, now expecting mass production to start in **4Q26 / 2H26** rather than 3Q26 [5]. This will become a fourth, material end-market contributor from 2H26 onward.

### What's actually inside each bucket (from the notes' qualitative descriptions)

- **Mobile (Smartphone)**: Flagship 5G APs (Dimensity 9400), mainstream 5G SoCs, 4G APs (where MediaTek has been gaining share vs UniSoC), 5G modems (sold standalone to Xiaomi for its in-house AP) [3][4].
- **Smart Edge**: Consumer ASIC, **automotive** (with strong China traction), **tablet**, AIoT/connectivity. Datacenter ASIC (Google TPU) will fold in from 2H26 [2][5].
- **Power IC**: Smallest segment (~5%); expected to improve through 2Q25 [1][2].

### Caveats

- **Entity attribution**: The "CLSA" publisher tag on MediaTek coverage actually reflects **CLST** (CLSA's Taiwan affiliate, CLSA Securities Taiwan / Sinopac) — visible in the "Source: CLST" tag on the financial tables. Treat these views as CLST, not CLSA-parent.
- **Recency**: The 56%/39%/5% split is a **1Q25 actual** figure (NT$153.3bn quarter). MediaTek has not historically published precise quarterly end-market % splits; the figures above are CLST's reconstruction of the management commentary. The 2Q25 and 2H25 directional commentary is from the same CLST note.
- No newer end-market breakdown is available in the internal-research corpus (latest CLSA/CLST MediaTek note in scope is dated **11-Jun-2025**, which focused on the Google TPU delay rather than a refreshed end-market mix).

---
**Sources**
[1] MediaTek - HLD (2Q25 guidance in line) — CLST (30-Apr-2025) — 607957794LinqAlpha.PDF
[2] MediaTek - HLD (2Q25 guidance in line) — CLST (30-Apr-2025) — 607957794LinqAlpha.PDF
[3] MediaTek - HLD (Softer second half) — CLST (27-May-2025) — 607960640LinqAlpha.PDF
[4] MediaTek - HLD (Softer second half) — CLST (27-May-2025) — 607960640LinqAlpha.PDF
[5] MediaTek - HLD (Delayed again) — CLST (11-Jun-2025) — 607961782LinqAlpha.PDF

