Axera Semiconductor (600) investor relations material

Executive summary

• H1 2026 revenue rose 181.8% YoY to RMB402.3m, with growth across all three core businesses and gross margin increasing to 29.0%.

• Net loss widened to RMB688.0m from RMB562.4m; adjusted loss was RMB540.0m, up from RMB319.2m.

• R&D investment increased to RMB516.4m as advanced SoCs progressed, with several products completing tape-out.

Financial highlights

• Revenue was RMB402.3m versus RMB142.8m; gross profit rose to RMB116.7m from RMB28.6m.

• Operating loss was RMB639.1m versus RMB372.8m; net loss was RMB688.0m versus RMB562.4m.

• R&D expenses increased to RMB516.4m from RMB285.4m, mainly reflecting investment in smart-vehicle and edge AI chip models.

• Net finance costs declined to RMB48.9m from RMB189.6m; net FX losses were RMB48.3m, mainly due to USD depreciation against RMB.

Outlook and guidance

• Edge AI priorities include private edge clouds, servers and terminals, with next-generation chips and software for long-context inference, efficient token generation and real-time robotics workloads.

• Smart-vehicle plans focus on accelerating basic driver-assistance adoption and advancing M97/M95 selection with customers in higher-end ADAS.

• On-device priorities include Night Vision, higher AI compute and multispectral/multi-sensor fusion for physical-AI applications.

• Ningbo Axera Computing Technology was established in July 2026 to deliver AI inference solutions, including standardized accelerator-card reference solutions.