Cambricon's AI Chip Revenue Slides Below Targets as Manufacturing Bottlenecks Persist

Cambricon Technologies reported a significant slowdown in quarterly revenue growth, missing analyst expectations as persistent manufacturing constraints and critical chip shortages continue to hamper the Chinese AI accelerator maker's expansion. The company's third-quarter revenue reached 3.53 billion yuan ($529 million), roughly 44% below consensus estimates of 6.26 billion yuan, despite doubling year-over-year. While net income jumped 148% to 1.4 billion yuan, the revenue shortfall marks a dramatic deceleration from the explosive growth that defined 2025, when the chipmaker achieved its first annual profit amid a 453% revenue surge.