One-sentence summary
Compares CXMT Q3 revenue of about RMB 118.7B, Micron FY26 Q4 revenue $54.23B, and Samsung Q3 revenue 195.25T KRW, gauging domestic DRAM scale, profit and 4F2 process progress in this memory supercycle.
What Is Compared
- CXMT: China DRAM leader; Q3 revenue about RMB 118.714B, net profit about RMB 54.435B.
- Micron: Top DRAM/HBM player; FY26 Q4 (ended Sept 3) revenue $54.23B.
- Samsung Electronics: Global memory leader; Q3 consolidated revenue 195.25T KRW.
Key Parameters
| Dimension | CXMT (Q3) | Micron (FY26Q4) | Samsung (Q3) |
|---|---|---|---|
| Latest-quarter revenue | ~RMB 118.7B (~$16.5B) | $54.23B | 195.25T KRW |
| Net income | ~RMB 54.4B (turned profitable) | $37.70B | Op. profit ~107.44T KRW |
| Process node | 6th-gen 4F2 vertical channel, engineering samples | HBM4 ramp | HBM4E to mass produce |
| Cycle position | Volume and profit up on shortage | AI accelerator demand | High DS earnings |
Key Differences
Samsung and Micron remain far larger than CXMT, but CXMT posted 613% YoY quarterly growth and a profit turnaround under domestic substitution and price hikes, and unveiled 6th-gen 4F2 DRAM progress for the first time.
Sources
- Guancha (QQ News): November 1 hard-tech brief
- Morningstar: Micron Earnings