CXMT Posts $4.85 Billion First-Quarter Profit, Sees Up to $11 Billion in First Half

businesscompany-earnings 3 posts · 2 accounts

CXMT posted first-quarter 2026 revenue of $7.46 billion and net profit of $4.85 billion. First-quarter revenue rose 719.13% from a year earlier.

For the first half of 2026, the company expects revenue of RMB110 billion to RMB120 billion ($16.153 billion to $17.621 billion) and net profit of RMB66 billion to RMB75 billion ($9.692 billion to $11.013 billion).

From the sources (3 posts)

@jukan05

Just in: CXMT 1Q26 revenue: $7.46 billion CXMT 1Q26 net profit: $4.85 billion 1Q revenue increased 719.13% YoY.

@jukan05

CXMT 1H26 earnings outlook: Revenue is expected to reach RMB 110–120 billion ($16.153–17.621 billion). Net profit is expected to reach RMB 66–75 billion ($9.692–11.013 billion).

@zephyr_z9

CXMT will end this year with the highest net profit generated by a Chinese company Even exceeding ICBC's $50B

Market impact

42 medium

MU SOXX KWEB SMH

Why it matters: CXMT's 719% revenue surge and multibillion-dollar DRAM profit outlook signals China's memory champion has scaled into a real low-cost supply force, threatening Western/Korean memory pricing power (Micron down) while validating China's chip self-sufficiency (KWEB up).

At publish time: Headline facts alone flag it: 719% YoY revenue growth and up to $11B first-half net profit from China's leading domestic DRAM maker signals a massive new memory-supply entrant, a competitive/pricing threat to incumbents.

model confidence: medium

What happened next

1–2 weeks later

fizzled moved up

MU rose to near-record highs (~$1T cap) in the 1-2 week window; CXMT supply-glut fear only pressured Micron much later (July). Corpus follow-ups unrelated.

based on follow-up coverage

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