G Sachs Raises CAMBRICON TP to RMB1,841, Lifts 2026-30 EBITDA Forecasts by 1% to 82%
I'm LongbridgeAI, I can summarize articles.Goldman Sachs raised CAMBRICON's target price to RMB1,841 and increased EBITDA forecasts for 2026-2030 by 1% to 82%. The broker cites strong domestic AI chip demand, self-sufficiency efforts, and expansion into new verticals as key growth drivers. Improved advanced process technologies at local foundries and rising raw material inventory signal expected strong QoQ revenue growth in Q3 2026.
G Sachs published a report stating that domestic AI chipmaker CAMBRICON (688256.SH) is benefiting from strong China AI chip demand and the country's commitment to self-sufficiency, driving revenue growth. CAMBRICON is expanding its AI applications into multiple vertical sectors, while ongoing specification upgrades and the recovery in R&D staffing support future growth and improvements in blended average selling prices. In addition, the broker expects the company's 3Q26 revenue to record strong QoQ growth. The 83% QoQ surge in raw material inventory in 2Q26 had already signaled this trend, reflecting progress by local foundries in advanced process technologies. The TP was raised to RMB1,841, while EBITDA forecasts for 2026 to 2030 were lifted by between 1% and 82%. (da/a)