Cambricon's Profit Soars 185% in Q1, Revenue Jumps 160% on AI Boom

MT Newswires Live

May 01

Cambricon Technologies (SHA:688256) reported a 185% jump in attributable net profit in the first quarter of 2026 to 1.01 billion yuan from 355.5 million yuan.

Earnings per share nearly tripled to 2.38 yuan from 0.85 yuan, according to a Shanghai Stock Exchange filing on Thursday.

The Chinese semiconductor company's revenue surged 160% to 2.88 billion yuan from 1.11 billion yuan a year prior, which it attributed to the continued surge in computing power demand from the artificial intelligence industry.

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