CXMT posts $16.7B Q3 revenue as AI-driven memory prices lift it to profit
10/30/2026 — 10/30, 21:19·1 sources (all)·1 reports (all)
Key takeaways
- Reuters reports that Chinese memory maker CXMT booked roughly $16.7 billion in third-quarter revenue, up 613.2% year on year, and net profit…
Background & analysis
According to Reuters, China's CXMT (688825.SS) reported its third-quarter 2026 results on Friday (October 30, 2026): quarterly revenue of approximately $16.7B, up 613.2% year over year, and a net profit of about $8.17B. The company said it swung to profitability as surging AI-driven demand pushed prices higher for its memory chips. Based on the available material, the story stands at the point where CXMT has published its Q3 figures; no further developments have been reported yet. Note that the breakdown of the quarter's earnings and any forward-looking guidance are not covered in the material provided.
AI-generated from 1 reports · updated 6 days ago
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CXMT reported Q3 revenue of about $16.7B, up 613.2% year over year, and a net profit of roughly $8.17B, swinging to profitability. Reuters attributed the surge to rising memory chip prices driven by AI demand.
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