AXERA (00600) released its interim results, with revenue soaring by 181.8% to 402 million yuan, and both the edge AI and smart automotive businesses increased by over 250%.

AXERA (00600) released its interim results for the six months ending June 30, 2026, with group revenue of RMB 402 million, representing a year-on-year increase of 181.8%; the gross profit margin significantly improved to 29%; and a loss attributable to shareholders of RMB 582 million. During the reporting period, the company's edge AI business achieved a year-on-year revenue growth of 251.9%. As large models accelerate their penetration from the cloud to the edge and endpoint, the market demand for local offline AI inference computing power has experienced explosive growth. The company has established a layered computing power matrix with coverage from tens of TOPS to thousands of TOPS to meet various edge AI inference demands. With the emergence of intelligent agents like OpenClaw and Hermes Agent, as well as increased sensitivity among enterprises and individual users regarding data privacy and information security, the Agent Box (intelligent agent box) has officially established itself as a market necessity during the reporting period. The company proactively launched the AX Clawbox (lobster box) series solutions, accurately positioning itself during the introduction window, and quickly secured partnerships with several leading clients in fields such as smart home and smart office. During the reporting period, the company's smart automotive business achieved a year-on-year revenue growth of 252.1%, with approximately 420,000 smart automotive SoCs shipped. In the first half of 2026, 24 new mass production models were designated, and as of June 30, 2026, the company had officially partnered with 25 OEM brands, including seven international brands (including joint ventures). With precise grasp of opportunities for stringent standards implementation and industry chain export, the company has rapidly entered the first tier of China's smart driving chip market. Following the sequential release and promotion of mandatory national standards such as "Technical Requirements and Test Methods for Automatic Emergency Braking Systems for Light-Duty Vehicles" and "Safety Requirements for Integrated Driving Assistance Systems in Intelligent Connected Vehicles," the company has established deep collaborations with several leading OEMs and well-known Tier-1 suppliers in both domestic and international markets during the model introduction window preceding stringent standard implementation. As a result, the first half of 2026 saw a continuous designation and mass production of new models, driving a leap in the shipment volume of smart automotive SoCs. In advanced driving, the smart automotive SoC M97 for high-level driving assistance successfully powered on in February 2026, and engineering samples were delivered in the first half of 2026; currently, several leading automotive companies have officially initiated solution evaluations and selections. The company's second smart automotive SoC M95 aimed at high-level driving assistance successfully powered on in July 2026; in addition, the company's first intelligent cockpit large model computing power acceleration chip has also been taped out. During the reporting period, the company's terminal computing business achieved a year-on-year revenue growth of 169.5%, with terminal computing product sales realizing over 100% year-on-year growth. The Blacklight series of products achieved over 200% sales growth, and market share significantly increased. As downstream scenarios such as industrial automation, smart cities, Jiangsu Nonghua Intelligent Agriculture Technology, and smart home continue to proliferate, the demand for full-color video imaging in low-light scenarios has continuously risen, while the rigid demand from various application scenarios for high-quality image and video data collection continues to expand. This, combined with the demand for edge-side AI computing power, has driven the explosive growth of the company's Blacklight series products. During the reporting period, the latest generation of high-performance visual perception SoC AX615 series saw rapid sales growth, benefiting from its outstanding Blacklight video quality and integrated high-performance NPU supporting multiple edge applications. Meanwhile, the previous generation of high-performance Blacklight visual perception SoCs AX620Q and AX630C series also saw steady growth in sales. Furthermore, the rising upstream costs have also propelled the industry's product structure toward high-end intelligent upgrades. During the reporting period, the companys terminal computing products achieved simultaneous growth in volume and price, with steady increases in sales and market share.