From BigGo Finance · BigGo Finance · · 1m 30s
Cambricon Revenue Hits 3.5 Billion Yuan
Cambricon's quarterly revenue reaches 3.531 billion yuan, testing delivery with rising inventory.
In brief
Cambricon's quarterly revenue reaches 3.531 billion yuan, testing delivery with rising inventory. Cambricon reported 3.531 billion yuan quarterly revenue, up 104.47% year-on-year, as inventory climbs to 11.665 billion yuan. Originally reported by BigGo Finance.
Cambricon Revenue
Cambricon reported third-quarter 2026 revenue of 3.531 billion yuan, up 104.47% year-on-year.
Net Profit Growth
Net profit reached 1.404 billion yuan, up 147.74% year-on-year, both record quarterly highs since listing.
Nine-Month Results
First nine months revenue reached 9.526 billion yuan, up 106.76% year-on-year, with net profit at 3.715 billion yuan.
Inventory Surge
Inventory climbed to 11.665 billion yuan, up 41% from end of June and double the start of year figure.
Prepayments Rise
Prepayments reached 3.044 billion yuan, up sharply from 745 million yuan at start of year.
Debt-to-Asset Ratio
Debt-to-asset ratio rose from 11.87% to 32.36%, signaling increased leverage.
Cash Flow Challenges
Operating cash flow turned negative at 83.678 million yuan, testing delivery against inventory buildup.
R&D Investment
R&D spending increased to 523 million yuan, representing 14.8% of quarterly revenue.
Future Targets
Cambricon targets cumulative revenue of at least 100 billion yuan for 2026-2028, based on AI demand.
Market Performance
Share price fell 37.1% cumulatively from late-June high through October 23.
Peer Comparison
MetaX forecasts revenue of 2.541 billion yuan for first nine months, up 105.60% year-on-year.
Industry Context
Sustained AI demand opens volume-growth window for Chinese-made computing power chips.
The bottom line
Cambricon reported 3.531 billion yuan quarterly revenue, up 104.47% year-on-year, as inventory climbs to 11.665 billion yuan.
