CXMT (688825.SH) recorded an EBIT margin of 82% in 2Q26, leading global competitors and toppling Micron Technology, Inc. (MU.US), Sandisk Corporation (SNDK.US), SK hynix Inc. (SKHY.US), Samsung Electronics and Kioxia, data from Quick FactSet and company disclosure showed.

CXMT produces DRAM used in various devices ranging from smartphones to data centers. Its customers include BABA-W (09988.HK), ByteDance and TENCENT (00700.HK), among other Chinese technology groups.

Although CXMT's absolute profit level remained below that of South Korean competitors and Micron Technology, it was still higher than NAND flash memory makers Kioxia and Sandisk.

SK hynix, Samsung and Micron Technology are focusing on high bandwidth memory (HBM), resulting in insufficient production of general-purpose chips and driving a sharp rise in prices of CXMT's key DDR5 products.
~

AASTOCKS Financial News
Website: www.aastocks.com

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