MediaTek's consolidated revenues for August 2018 represented increases of 15 percent sequentially and 4.5 percent on last year. Consolidated sales for July and August totalled $1.43 billion

MediaTek expects to post revenues of $2.02 billion in the third quarter, up 3-11 percent  on the quarter. Weaker than expected demand for smartphones led to the less optimistic sales outlook for the quarter, the company said previously.

MediaTek disclosed its cumulative 2018 revenues slipped about one percent from a year earlier to NT$5 billion.

MediaTek forecast revenues will decrease slightly in 2018, when combined shipments of its smartphone and tablet-use SoCs will register a mild drop. However, gross margin will improve in 2018 thanks to the roll-outs of new mobile SoC products and the company's efforts for diversification.