Earnings call transcript: Manycore posts strong H1 2026 growth, stock rises 7%
Manycore Technologies reported strong first-half 2026 results, showing accelerating growth in its spatial intelligence business. AI-related product revenue increased 117% year-over-year to RMB 31 million, while adjusted net profit rose 200% to RMB 5.2 million. The company also reported an 83% gross margin, reflecting improved operating efficiency.
Capital expenditure increased by 120% to RMB 27.6 million as the company expanded GPU and computing infrastructure. The company is transitioning from static spatial generation to interactive world models and model-as-a-service monetization. Manycore's products, including LuxReal, Lux 3D, Aholo, Kujiale AI Intelligent Design Platform, and SpatialVerse, are gaining traction in the U.S. and Europe.
The company is building a proprietary world model and expanding its digital asset base. Management expects the company to be profitable this year, according to InvestingPro.
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