Story perspectives

CXMT shares drop 8% after revenue and profit forecast

By Drooid · Oct 19, 2026, 5:58 PM UTC · How we work

Summary

CXMT Shares Drop

CXMT shares fell more than 8% in early Shanghai trading.
CXMT forecast nine-month revenue of 265-270 billion yuan and net profit of 131-132.5 billion yuan.
CXMT’s Q3 net profit estimate of 53.395-54.895 billion yuan implies 1-4% quarter-on-quarter growth.
DRAM fixed-transaction price growth slowed to 13-18% QoQ in Q3, down from 93-98% in Q1.
Western Digital projects fiscal Q1 revenue up 47% to $4.14 billion.

Summary

CXMT Expands Capacity

CXMT's global DRAM market share exceeded 10%, ranking it fourth worldwide.
CXMT expanded production capacity at its Hefei and Beijing fabs in 2026.
CXMT reported progress in advanced process nodes and high-bandwidth memory development.
AI-driven demand in the second half of 2025 contributed to CXMT's profit swing.
Stronger supply-chain cooperation and scale effects boosted CXMT's wafer output and utilization.

History

Historical Context

In 2013, Samsung Electronics began mass-producing 64-gigabit DDR4 DRAM chips, propelling global memory capacity to unprecedented levels and securing a dominant market share. By 2015, Samsung's DRAM revenue hit $30 billion, capturing 45 % of the global market, outpacing Micron and SK Hynix in advanced-node production. Today, CXMT mirrors Samsung's trajectory, with its Hefei and Beijing fabs scaling capacity in 2026 to claim over 10 % DRAM share amid AI-driven demand. If CXMT sustains this growth, China could reduce reliance on foreign memory suppliers, reshaping the global semiconductor supply chain for the next decade.

1 of 3

CXMT Shares Drop

CXMT shares fell more than 8% in early Shanghai trading.
CXMT forecast nine-month revenue of 265-270 billion yuan and net profit of 131-132.5 billion yuan.
CXMT’s Q3 net profit estimate of 53.395-54.895 billion yuan implies 1-4% quarter-on-quarter growth.
DRAM fixed-transaction price growth slowed to 13-18% QoQ in Q3, down from 93-98% in Q1.
Western Digital projects fiscal Q1 revenue up 47% to $4.14 billion.

1 / 3