Chinese Memory Chipmaker CXMT Projects Nearly $20B Profit on AI-Driven DRAM Demand

Chinese memory chipmaker CXMT expects to report a net profit between 131 billion and 132.5 billion yuan ($19.6 billion to $19.8 billion) for the first nine months of 2026, marking a sharp turnaround from a 5.3 billion yuan net loss during the same period last year, according to a report by The Next Web (https://thenextweb.com/news/cxmt-profit-memory-chip-prices).

Revenue is projected to reach between 265 billion and 270 billion yuan for the January-to-September period, an increase of more than eightfold from the 32.1 billion yuan generated a year earlier, based on preliminary filings submitted to the Shanghai Stock Exchange.

CXMT attributed the surge to heightened demand for artificial intelligence computing, which has tightened global supplies of dynamic random-access memory (DRAM) used across servers, personal computers, and mobile devices since the second half of 2025. The supply deficit has triggered steep price increases across the memory sector.

To meet rising demand, CXMT said it expanded overall manufacturing capacity and improved factory utilization, increasing the number of usable silicon chips produced per wafer.

Alongside the preliminary figures, Chairman Zhu Yiming proposed a share repurchase program authorizing the company to buy back between 1 billion and 2 billion yuan of its own shares over the next 12 months. The repurchased shares may be allocated toward employee incentive pools or retired.

CXMT completed its initial public offering in Shanghai in July, surging 466% on its first day of trading. As of Friday's market close, the company held a market capitalization of approximately 3.06 trillion yuan.

In September, CXMT announced that its fifth-generation DRAM chips had entered mass production, a milestone that independent third-party testers have not yet verified. Western component brands, including Corsair, have begun incorporating Chinese DRAM modules into select commercial memory products.