Cambricon Technologies (688256) Q1 2026 earnings summary

Executive summary

• Revenue surged 159.56% year-over-year in Q1 2026, driven by strong AI industry demand and product competitiveness.

• Net profit attributable to shareholders rose 185.04% year-over-year, with adjusted net profit (excluding non-recurring items) up 238.56%.

• Operating cash flow turned positive to ¥833.97 million from a negative ¥1.40 billion in Q1 2025.

Financial highlights

• Q1 2026 revenue: ¥2.88 billion, up from ¥1.11 billion year-over-year.

• Net profit attributable to shareholders: ¥1.01 billion, up from ¥355 million year-over-year.

• Basic EPS: ¥2.40, up 182.35% year-over-year.

• R&D investment: ¥324 million, up 18.88% year-over-year, but as a percentage of revenue decreased to 11.23%.

• Total assets at quarter-end: ¥15.40 billion, up 14.61% from year-end 2025.

Outlook and guidance

• Growth attributed to expanding AI application scenarios and continued market expansion.