Huawei H1 Revenue Up 9.6% to 468B Yuan as Net Profit Slumps 36% on Record R&D Splurge
Summary
Huawei posted H1 2026 revenue of 467.8 billion yuan (up 9.55% YoY) but net profit fell 36% to 23.8 billion yuan, its second straight H1 profit decline. R&D spending jumped 25% to 121.4 billion yuan — over 25% of total revenue — as the company doubled down on self-reliance. Growth drivers included smartphone rebound and AI chip processor demand; operating cash flow swung to negative 39.9 billion yuan.
Originally reported by scmp.com
Read the original article →Original headline: Huawei H1 Revenue Up 9.6% to 468B Yuan as Net Profit Slumps 36% on Record R&D Splurge