ChangXin Memory Technologies (CXMT) reported a net profit surge of approximately 1,688% year-on-year in the first quarter of 2026, reaching 25 billion yuan (about US$3.6 billion) after a net loss in Q1 2025 [1, 2, 3].
In the same period, CXMT’s revenue rose sharply by around 719% to 50.8 billion yuan (approximately US$7.4 billion), compared with the first quarter of 2025 [1, 2, 3, 4]. The company has attributed the dramatic growth to rising DRAM prices driven by a global memory chip shortage that began in mid-2025, as well as volume expansion and an improved product mix [1, 2, 3, 4].
CXMT forecasts full revenue for the first half of 2026 between 110 billion yuan and 120 billion yuan (US$17.62 billion), maintaining strong momentum from Q1 [3, 4]. The company’s profit forecast for the same period differs by source: one projects net profit at 57 billion yuan, while another estimates a range of 66 billion to 75 billion yuan [3, 4].
Following the release of CXMT’s earnings outlook on May 18, 2026, shares of related firms gained significantly. GigaDevice shares rose noticeably in both Hong Kong and mainland China markets, while Biwin Storage also surged in response to CXMT’s strong performance [4].
CXMT plans to list on the STAR Market as part of China’s broader effort to boost chip self-sufficiency and capitalize on favorable global market conditions [1, 2].
