Cambricon’s net profit attributable to shareholders rose 131.49% year over year to 3.715 billion yuan in the first nine months of 2026. Revenue reached 9.526 billion yuan, up 106.76%, while the gross margin remained stable at around 56.5%. Third-quarter revenue of 3.531 billion yuan fell well short of the 6.26 billion expected by analysts, notably because a shortage of high-bandwidth memory constrained shipments. Inventory climbed to 11.665 billion yuan by the end of September, but management maintained its full-year target of at least 13.5 billion yuan, supported by demand for artificial intelligence applications and expanding cloud workloads.
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