CXMT forecasts up to US$19.8 billion in 3 quarters’ net income; pledges share buy-back

CXMT's financial forecast for the first three quarters of 2026 indicates a substantial turnaround, moving from a net loss to considerable profitability. This shift is accompanied by a projected seven-fold increase in revenue compared to the previous year, suggesting strong performance driven by current market demand for memory chips.

The proposed share buy-back, valued at 1 billion to 2 billion yuan, by Chairman Zhu Yiming, pending board or shareholder approval, could be intended to fund employee incentive plans or reduce registered capital. Such a corporate action often reflects a company's confidence in its future financial health or a strategy to manage capital effectively.

The projected revenue increase, which the article attributes to AI-driven demand, highlights the potential for significant expansion within the memory chip sector. While specific to CXMT, these figures offer insight into the broader market's capacity to generate substantial income from the growing needs of artificial intelligence applications.