CXMT Corporation stock turns profitable as AI demand lifts DRAM sales
Published on 11/01/2026 at 01:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCXMT's Profit Turnaround
- CXMT returned to profit in the third quarter as demand for memory chips strengthened.
- The company is expanding its DRAM portfolio while preparing to compete in high-bandwidth memory.
- Investors are weighing strong current demand against execution risks in newer products.
CXMT swung to a third-quarter profit as artificial intelligence demand lifted prices for memory chips, Reuters reported on Friday, October 30, 2026. The result covers the three months ended September 30.
Profit Returns on Memory Demand
Net income attributable to shareholders reached 54.4 billion yuan. Revenue for July through September rose 613.2 percent from a year earlier to 118.71 billion yuan, while increasing 19.3 percent from the previous quarter.
The figures underline the strength of the current memory cycle, but they also raise the bar for future growth. Reuters said CXMT plans limited production of HBM3E chips within two months, although reported yields of 20 to 30 percent remain below the roughly 70 percent cited for SK Hynix.
Technology Roadmap Under Review
CXMT is pursuing higher-density memory designs and broader DRAM applications as it expands beyond established products. The company has highlighted LPDDR6, DDR5 and LPDDR5X products as part of its product range.
Its company profile says CXMT designs, develops, manufactures and sells DRAM for mobile phones, PCs, tablets, servers and other applications. Competition includes Samsung Electronics, SK Hynix and Micron Technology; Reuters described CXMT as China's largest DRAM supplier by revenue, while the established rivals remain stronger in high-value memory products.
CXMT Corporation at a Glance
- Company: CXMT Corporation
- ISIN: CNE100007WP2
- Ticker: 688825
- Exchange: Shanghai Stock Exchange
- Reporting period: Third quarter ended September 30, 2026
- Revenue: 118.71 billion yuan
- Net income attributable to shareholders: 54.4 billion yuan
China's broader market context is covered in the latest Shanghai Composite market reports.
More news and analysis can be found on the CXMT Corporation stock topic page.
