MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race
Chinese artificial intelligence firm MiniMax on Wednesday posted a 283 per cent surge in first-half revenue to US$116.6 million, powered by a 700 per cent jump in its enterprise business, though top-line growth remains off pace to hit full-year analyst forecasts. Revenue for the six months ended June 30 accounted for roughly 32 per cent of the US$363.77 million expected by analysts for the full…
Chinese AI company MiniMax reported a staggering 283% increase in first-half revenue to $116.6 million, driven by a remarkable 700% growth in its enterprise segment. However, revenue growth still lags behind analysts' expectations for the full year of $363.77 million. MiniMax's earnings release showed that the enterprise business now contributes 63.4% of total revenue, up from 30.3% a year earlier.
Other AI-native products also doubled in revenue, while total loss narrowed by 11% to $358 million for the period. Adjusted net loss expanded by 111.2% to $293 million. Despite the revenue surge, MiniMax's shares were still down about 77% from their all-time high, and the company is trying to raise morale by forgoing salaries until it achieves artificial general intelligence.
Written by urgent.news from SCMP Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race scmp.com
- Shanghai-based MiniMax reports H1 2026 revenue up 283% YoY to ~$116.6M, above 2025's 159% YoY growth, as its M3 model lags behind rivals like Z.ai's GLM-5.2 (Bloomberg) bloomberg.com
- China's MiniMax sees revenue nearly quadruple in first half as AI demand surges economictimes.indiatimes.com
