Chinese memory-chip maker CXMT reported a sharp turnaround to profit in the first half of 2026, supported by higher memory prices and surging demand for computing capacity.
The company said first-half revenue jumped 873.64% year-on-year to 150.3 billion yuan ($22.36 billion), while net profit reached 77.6 billion yuan, compared with a 2.3 billion yuan loss a year earlier.
CXMT, which recently listed in Shanghai, expects the global shortage of DRAM memory chips to continue through the second half of 2026 as AI infrastructure, servers and other computing applications drive demand.
The company also warned that worsening global trade tensions and additional technology restrictions could disrupt its supply chain and affect production.
Alongside its earnings update, CXMT said it has shipped samples of its new LPDDR6 DRAM chips to customers. The chips offer peak data transfer speeds of 12,800 Mbps and capacities of up to 16 GB.
CXMT said the new memory products are designed for applications including mobile devices, servers and smart vehicles, broadening its exposure to several fast-growing computing markets.
