Chinaโs AI chipmaker Cambricon is showing strong momentum, posting another impressive set of financial results.
๐ H1 2026 Highlights:
โข Revenue: ยฅ6.0B, up 108% YoY
โข Net profit: ยฅ2.31B, up 123% YoY
โข Non-GAAP net profit: +137% YoY
โข 7th consecutive profitable quarter
โข H1 gross margin: 55.3%
โข Q2 revenue: ยฅ3.11B, a new record
โข Q2 net profit: +28% QoQ
๐ก A notable point: government subsidies contributed only ยฅ91.72M, around 4% of profit, suggesting the earnings growth was largely supported by the companyโs core operations.
โ ๏ธ One metric to watch: Inventory jumped 83% QoQ to ยฅ8.25B, mainly due to raw materials and outsourced processing.
๐ฏ Cambriconโs ambitious targets call for ยฅ13.5B revenue in 2026, ยฅ40.5B cumulatively across 2026โ2027, and ยฅ100B cumulatively by 2028.
With AI-chip demand accelerating, Cambricon is becoming an increasingly important name in Chinaโs semiconductor and AI ecosystem. ๐
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