PETALING JAYA: SkyeChip Bhd’s expanding pipeline of semiconductor projects and growing intellectual property (IP) portfolio are expected to underpin strong earnings momentum as the Main Market‑bound group heads into its next growth phase.
Analysts have forecast annual revenue expansion of more than 20% through financial year 2028 (FY28).
MBSB Research said SkyeChip currently has 18 ongoing projects worth RM247.1mil, alongside RM130.3mil in unbilled secured work, providing solid earnings visibility.
The research house said it expects the integrated circuit (IC) design firm’s trajectory to be supported by continued tax incentives and expansion into new chip products and technologies.
“We anticipate earnings growth of 25.9%, 20.1% and 18.8% for FY26, FY27 and FY28, respectively,” it said.
A key driver is SkyeChip’s push into the hyperscaler market, targeting artificial intelligence (AI) startups, enterprise edge‑computing players and companies requiring high‑performance customised chips but lacking in‑house silicon design teams.
As chip architecture becomes more complex, demand for outsourced design and IP support is rising, which MBSB Research said positions SkyeChip favourably.
It forecasts revenue and net profit growth of 32% and 30% in FY26, and 30% and 32% in FY27, respectively.
For the fourth quarter ended March 31, 2026, SkyeChip posted a net profit of RM31.47mil on revenue of RM58.88mil.
For the full year, net profit rose to RM48.54mil from RM35.95mil previously, while revenue increased to RM155.02mil from RM119.5mil.
The company said its prospects remain healthy, supported by long‑term demand in AI, high‑performance computing and automotive applications.
Kenanga Research said that SkyeChip secured access to process design kits from leading global foundries, enabling IC and silicon IP development down to three nanometre nodes.
This strengthens its ability to scale into advanced applications and reinforces its entry into the high‑end chip segment.
Kenanga Research also noted a structural global shift towards application‑specific, customer‑tailored IC solutions optimised for power efficiency, performance and integration.
It said SkyeChip is well‑positioned to capitalise on this trend, supported by a comprehensive IP portfolio spanning current and next‑generation technologies.
