CXMT Projects Profit Turnaround Despite Stock Decline
Chinese chipmaker CXMT forecasts a profit of up to 132.5 billion yuan for the first nine months of 2026, even as its shares fell recently.
CXMT has announced a projected net profit between 131 billion and 132.5 billion yuan for the first nine months of 2026, marking a significant financial shift for the company. Despite this positive forecast, the company's stock price on the Shanghai Stock Exchange dropped by 6.5% on October 19, 2026.
According to aitimes.com, the company's chairman has responded to the market movement by proposing a share buyback program valued between 1 billion and 2 billion yuan. The company also reported that its global DRAM market share reached 10% in the second quarter of 2026.
This performance contrasts with the same period in the previous year. In the first nine months of 2025, CXMT recorded a net loss of 5.28 billion yuan. Additionally, data from Counterpoint Research indicated that the company's global DRAM market share stood at 4% in the second quarter of 2025.
CXMT continues to compete in the global memory market alongside major industry players such as Samsung Electronics, SK hynix, and Micron.
Quick answers
What is the projected profit for CXMT for the first nine months of 2026?
CXMT projects a net profit between 131 billion and 132.5 billion yuan.
How much did CXMT's global DRAM market share grow?
CXMT's global DRAM market share increased from 4% in the second quarter of 2025 to 10% in the second quarter of 2026.