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Cambricon Technologies (688256) investor relations material
Cambricon Technologies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 104.47% YoY to RMB 3.531bn; 9M revenue increased 106.76% to RMB 9.526bn, driven by market expansion and AI application rollout.
Q3 net income attributable to shareholders grew 147.74% YoY to RMB 1.404bn; 9M net income reached RMB 3.715bn, up 131.49%.
Financial highlights
Q3 total profit was RMB 1.404bn, up 148.08% YoY; 9M total profit was RMB 3.706bn, up 131.04%.
9M adjusted net income, excluding non-recurring items, was RMB 3.523bn, up 148.30% YoY.
Basic EPS was RMB 2.23 for Q3, up 145.05% YoY, and RMB 5.91 for 9M, up 129.07%.
Operating cash flow was negative RMB 83.7m in Q3 and positive RMB 227.6m for 9M; 9M change was attributed to higher sales collections YoY.
Key financial ratios and metrics
Q3 weighted average ROE was 9.79%, up 1.76 percentage points YoY; 9M ROE was 27.73%, up 2.52 points.
R&D expense was RMB 522.6m in Q3, up 73.66% YoY and 14.80% of revenue; 9M R&D was RMB 1.225bn, up 45.35% and 12.86% of revenue.
Total assets were RMB 22.364bn at quarter-end, up 66.43% from year-end 2025; shareholder equity was RMB 15.124bn, up 27.78%.
- H1 2026 revenue and profit more than doubled on strong AI chip demand and industry expansion.688256
Q2 2026 - Revenue and net profit more than doubled year-over-year on surging AI demand.688256
Q1 2026 - Achieved first full-year profit with 453% revenue growth, led by cloud AI chip demand.688256
Q4 2025 - Net profit of ¥1.60 billion and 2,386% revenue growth mark a dramatic turnaround.688256
Q3 2025 - Revenue up 4,347.82% to RMB 2.88B, net profit RMB 1.04B, strong AI chip growth.688256
Q2 2025 - Q3 revenue soared, but losses and cash outflows continued amid heavy R&D investment.688256
Q3 2024 - Revenue dropped 43% but net loss narrowed as R&D intensity and gross margin remained high.688256
H1 2024 - Revenue up 65.56% and net loss narrowed 47.76% year-over-year, driven by AI market growth.688256
Q4 2024 - Revenue and net profit surged, but cash flow and supply chain risks remain.688256
Q1 2025
Next Cambricon Technologies earnings date
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