Physix FrontierPhysix Frontier · News Briefing Card (enbrief · Nov 9, 2026)
Cambricon Q1-Q3 2026 revenue 9.526B yuan, net profit 3.715B
KEY FACTS
- Cambricon posted 9.526 billion yuan in revenue for the first three quarters of 2026, up 106.76% year over year.
- Net profit attributable to shareholders over the same period was 3.715 billion yuan, up 131.49% year over year.
- Chen Tianshi ranked tenth on the 2026 Hurun Rich List with 20.5 billion yuan in wealth.
- At an earnings briefing, Chen Tianshi denied rumors that chip shipments will exceed one million units next year.
- Cambricon's full-year 2025 net profit attributable to shareholders was 2.059 billion yuan, its first annual profit since going public.
KEY DATA
9.526 billion yuanQ1-Q3 2026 revenue
3.715 billion yuanQ1-Q3 2026 net profit attributable to shareholders
2.059 billion yuan2025 net profit attributable to shareholders
20.5 billion yuanChen Tianshi wealth
PHYSIX OBSERVATION
After turning its first full-year profit, Cambricon's first-three-quarter net profit has already far surpassed all of last year, showing that domestic compute procurement is still scaling up. But revenue is highly dependent on the cloud product line and major customers, and software ecosystem and product iteration remain weak spots. Chen Tianshi publicly denying shipment rumors also signals that market expectations need to cool down; Cambricon's real test has only just begun.
Source: enbrief original report ↗