[Fact Check] Cambricon Denies Chinese AI Chipmaker's 2026 Full-Year Revenue Guidance Is Below Expectations
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Cambricon Technologies has denied rumors that its 2026 revenue guidance is below market expectations, stating that only official figures should be referenced. The company refuted claims of a projected revenue of CNY20 billion, significantly lower than earlier estimates of CNY30 billion to CNY50 billion. Following these rumors, Cambricon's shares fell 9.2% to CNY1,128. Despite a strong performance last year, the company reported a slowdown in profit and revenue growth starting in Q3 2022, with expectations of a decline in Q4 profits.
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