乐鑫科技:Espressif Systems 2025 Q2 & Half-Year Report

ESPRESSIF SYSTEMS2025 Q2 & HALF-YEAR REPORT
CONTENTS ESPRESSIF SYSTEMS 2025 Q2 & HALF-YEAR REPORT
Contents
About Espressif 03 Management Report （Continued）
Business Model 14
Developer Community Content 15
Core Competitiveness 04 Research and Development 16
Ownership of Securities 18
Core Technologies 05 Risks and Uncertainties 19
Edge-Cloud AI 06 Consolidated Financial Statements 20
(Unaudited)
Business Highlights 07 Consolidated Balance Sheet 20
Key Financial Data 07 Consolidated Income Statement 22
Key Financial Indicators 07 Consolidated Cash Flow Statement 23
Financial Analysis 08 Consolidated Cash Flow Statement - Indirect 24
Method
Management Report 09 Consolidated Statement of Changes in Equity 25
Business Strategy 09
Further Information 26
Key Products - IoT Chips 10
Key Products - Chip Matrix 11 Terms and Conditions of the Report 26
Key Products - M5Stack DevKits 12 List of abbreviations 27
Market 13

ABOUT ESPRESSIF ESPRESSIF SYSTEMS 2025 Q2 & HALF-YEAR REPORT
Build Smart with Espressif
As a publicly traded, multinational fabless semiconductor
company (Espressif Systems, SSE: 688018.SH), we
develop low-power wireless communication chipsets
and AIoT solutions that are green, versatile, and cost-
effective. With a closed-loop development cycle, we
advance core technologies, including Wi-Fi, Bluetooth
LE, IEEE 802.15.4, RF, RISC-V MCUs, AI, operating
systems, and cloud services. As IoT evolves, our
expanding software capabilities have transformed
Espressif into a comprehensive AIoT technology
ecosystem company.
1 Billion+ Global 200+ Patents 10,000+ 2 Million+
Global IoT Chip Leader In AIoT Satisfied Active Ecosystem
Shipment In Wi-Fi MCU Technology Customers Developers
Market Worldwide
SHARE CONNECT INNOVATE
Open-source Conferences & Education Diverse
Communities Initiatives Applications

CORE COMPETITIVENESS ESPRESSIF SYSTEMS 2025 Q2 & HALF-YEAR REPORT
Brand Awareness ESP32 Google Trends
100
The ESP32 and Espressif brands have a strong sense of 75
recognition among users.This recognition has become a key
factor in our competitive advantage and success. Users identify
with the ESP32 brand due to its reliability, performance, and 50
versatility, which have been proven across various applications
and industries.This strong brand awareness not only fosters 25
customer retention but also attracts new users, thereby solidifying
Espressif's position in the market. 0
2019-07 2025-06
Exceptional IC Design Capability Espressif Google Trends
100
Espressif independently designs and develops its own chip
products, with core IPs being self-develop