长鑫存储（CXMT）发布科创板 IPO 后首份财报，预计 H1 2026 营收同比增长 677%，净利润约 $7.0–8.0 billion。公司首次披露 HBM 研发进展，但表示 HBM 仍是战略方向而非当前营收来源。投资者关注的重点还包括 DRAM 价格、AI 存储需求、美国出口限制的可能影响，以及有报道称其正在讨论在北京建设第二座晶圆厂。
长鑫存储首份财报披露 HBM 研发进展与 677% 的营收增速预期，可观察 AI 存储需求的实际落点。
CXMT has released its first financial report since its STAR Market IPO. The company expects H1 2026 revenue to surge 677% YoY, with net profit reaching about $7.0–8.0 billion.
Key areas to watch: CXMT disclosed HBM development for the first time, but said HBM remains a strategic direction rather than a current revenue driver. Investors are also watching DRAM pricing, AI memory demand, potential U.S. export restrictions, and expansion plans, including reports that CXMT is discussing a second fab in Beijing.
CXMT’s challenge now is turning the AI memory boom into sustainable capacity and technology leadership.
来源：@thexpin · x.com