QINGDAO, CHINA – SEPTEMBER 04: A basic view reveals services associated to Changxin Reminiscence Applied sciences on September 4, 2026 in Qingdao, Shandong Province of China. The corporate’s world DRAM market share has exceeded 10 % following elevated manufacturing capability at its Hefei and Beijing traces, positioning it because the fourth-largest provider worldwide whereas advancing analysis and improvement in superior processes and high-bandwidth reminiscence (HBM). (Picture by VCG/VCG by way of Getty Pictures)
Vcg | Visible China Group | Getty Pictures
Shares of ChangXin Memory Technologies, or CXMT, fell 6.5% Monday whilst the corporate on Friday forecast a pointy swing to profitability for the primary 9 months of 2026.
CXMT stated in a filing Friday that it expects internet revenue attributable to shareholders of between 131 billion yuan ($19.58 billion) and 132.5 billion yuan for the January-to-September interval, reversing a internet lack of 5.28 billion yuan a 12 months earlier, in keeping with a Google translation of the submitting.
The corporate expects income of round 265 billion yuan to 270 billion yuan, a rise of 232.9 billion yuan to 237.9 billion yuan from the identical interval a 12 months earlier.
Shares of CXMT on 19 Oct.
The corporate attributed the sharp enchancment to quickly rising demand for AI computing energy because the second half of 2025, which has boosted the worldwide DRAM market, main to provide shortages and vital worth will increase, in keeping with the submitting.
CXMT has been gaining floor within the world reminiscence chip market, difficult established gamers together with Samsung Electronics, SK Hynix and Micron Know-how.
The Chinese language chipmaker accounted for 10% of worldwide DRAM income within the third quarter of 2026, up from 5% a 12 months earlier, in keeping with Counterpoint Analysis’s data final month.
