- CXMT shares fell 6.5% on Monday after the Chinese memory chipmaker released a filing on Friday forecasting net profit of 131 billion to 132.5 billion yuan for January-September 2026.
- The forecast reverses a net loss of 5.28 billion yuan in the same period a year earlier, with revenue expected at 265 billion to 270 billion yuan.
- CXMT attributed the swing to AI computing demand that has boosted the global DRAM market, causing supply shortages and significant price increases.
- CXMT accounted for 10% of global DRAM revenue in Q3 2026, up from 5% a year earlier, according to Counterpoint Research data.
Quotes
“CXMT fell 6.5% on Monday after the Chinese memory chipmaker released its earnings forecast for the first nine months of 2026 on Friday.”
“rapidly growing demand for AI computing power since the second half of 2025”