CXMT forecasts up to 19.8 billion dollars in nine-month net income and plans a share buy-back
Original titleCXMT forecasts up to US$19.8 billion in 3 quarters’ net income; pledges share buy-back
ChangXin Memory Technologies (CXMT) forecasts net income of 131 billion to 132.5 billion yuan, up to US$19.8 billion, for January to September 2026, compared with a 5.3 billion yuan loss a year earlier.
Its revenue is expected to reach 265 billion to 270 billion yuan, a 742 per cent rise, and chairman Zhu Yiming has proposed buying back 1 billion to 2 billion yuan of shares over 12 months, pending approval.
The source gives CXMT's nine-month forecast against last year's loss and its planned share buy-back, showing how AI-driven memory demand changed the company's finances.
Source: South China Morning Post · Tech · scmp.comPublished · added here