Cambricon Q3 Net Profit Jumps 148% to $210M on China AI Chip Push, But Revenue Misses by 44%

Cambricon's Q3 net profit climbed 147.7% YoY to RMB 1.4B ($210M) as DeepSeek, Moonshot and other Chinese labs route training onto its accelerators amid US export curbs. Revenue doubled to RMB 3.53B but fell well short of the RMB 6.26B analysts expected, which Bloomberg and SCMP both attribute to supply constraints; Morgan Stanley now pegs Cambricon's China AI-chip share at ~14%, trailing only Huawei.