GoKawiilCXMT shares drop 7.8% despite forecasting $19.6 billion profit swing
Chinese memory chipmaker CXMT saw its shares close 7.8% lower Monday despite forecasting net profit of 131-132.5 billion yuan ($19.58 billion) for the first nine months of 2026, reversing a 5.28 billion yuan loss a year earlier. The company also projected revenue of roughly 265-270 billion yuan, a jump of over 230 billion yuan from the same period last year, according to a regulatory filing.
GoKawiil's interpretation of the reporting above, not reported fact.
The stock decline despite a strong profit forecast suggests investors had already priced in the turnaround or are focused on other concerns, such as valuation or future demand sustainability. CXMT has been expanding rapidly, reportedly holding over 10% of the global DRAM market and ranking as the fourth-largest supplier, which raises questions about how much further growth the market expects from current levels.
- CXMT forecasts net profit of up to 132.5 billion yuan for January-September 2026, reversing a prior-year loss
- Shares fell 7.8% despite the bullish profit guidance, signaling a mismatch between results and market expectations
- The company has grown into the world's fourth-largest DRAM supplier, with over 10% global market share
Source: cnbc.com — Jenny Lee, 2026-10-19
Published there as: “China's CXMT shares fall nearly 8% as investors look past chipmaker's profit turnaround”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.