ChangXin Memory Technologies, China’s largest DRAM manufacturer, posted an 82% EBIT margin in the second quarter of 2026, the highest among six major memory companies, as DDR5 prices surged after leading suppliers redirected capacity toward high-bandwidth memory for AI servers. Nikkei estimated CXMT’s April-June revenue at about 2.3 trillion Japanese yen and EBIT at approximately 1.9 trillion yen, while the company reported first-half revenue of 150.31 billion Chinese yuan, up 873.64% year over year, and net profit attributable to controlling shareholders of 77.605 billion yuan. SK Hynix posted a 76% margin, Micron 80%, Samsung Electronics’ semiconductor business 70%, SanDisk 78% and Kioxia 74%. CXMT’s second-quarter DRAM revenue share was estimated at 10% by Counterpoint Research and 9.5% by TrendForce, compared with Samsung’s 39%, SK Hynix’s 26% and Micron’s 25%. Separate market data showed Micron narrowing the gap with SK Hynix as the global DRAM market reached $154.73 billion in quarterly revenue. CXMT listed on Shanghai’s STAR Market on July 27, raising about 66.6 billion yuan including an over-allotment option for production-line upgrades and DRAM development.