CXMT Starts Mass Production of DDR5 DRAM, Q1 Revenue Surges 719%

ChangXin Memory Technologies (CXMT) has started mass production of DDR5 DRAM and entered the global supply chain. The company's DDR5 products reach speeds up to 8000 MT/s, while its LPDDR5X memory achieves up to 10667 MT/s.

DDR5 mass production begins

CXMT's financial results reflect strong growth. In the first quarter of 2026, revenue reached 50.8 billion yuan, a 719.13% increase year-over-year. Net profit attributable to the parent company was 24.762 billion yuan. The company expects first-half 2026 revenue between 110 and 120 billion yuan.

According to CXMT's IPO prospectus, the company's profit margin in Q1 2026 was approximately 65%, comparable to foreign manufacturers. CXMT plans to raise 29.5 billion yuan through an IPO on the STAR Market.

CXMT's global DRAM market share rose from 7.67% in Q4 2025 to about 10% currently, according to Omdia. Consumer DDR5 products from brands like Gloway and Kingbank launched in late 2024, while industrial and enterprise products from Kioxia and others followed in 2025.

CXMT has not confirmed the exact launch window for its DDR5 products in all regions.