CXMT Forecasts Nine-Month Profit Turnaround as DRAM Demand Surges
CXMT expects January–September net profit of 131 billion–132.5 billion yuan, versus a 5.28 billion yuan loss a year earlier, and revenue of 265 billion–270 billion yuan. Counterpoint Research estimates its Q3 2026 global DRAM revenue share at 10%, up from 5% a year earlier. CXMT shares fell 6.5% Monday.
China’s largest DRAM maker, CXMT, fell 6.5% on Monday, even as it forecast a sharp profit turnaround amid stronger AI demand and higher memory-chip prices. CXMT expects net profit of 131 billion—132.5 billion yuan ($19.6 billion—$19.8 billion) for January—September, compared with a loss of 5.28 billion yuan a year earlier. It projects nine-month revenue of 265 billion—270 billion yuan, citing strong AI-driven demand, DRAM shortages and rising prices. Counterpoint Research said CXMT held 10% of global DRAM revenue in Q3 2026, double its 5% share a year earlier.
The Chinese chipmaker continues to expand its position against Samsung, SK Hynix and Micron ($MU).