Lexar owner Longsys forecasts massive profit surge amid AI chip shortage

By PulseAugur Editorial · [1 sources] · 2026-07-07 16:13

Lexar's parent company, Longsys, is projecting a dramatic profit increase of over 60,000% for the first half of 2026, reaching nearly $1.5 billion. This surge is driven by the escalating demand for memory and storage chips fueled by the global AI infrastructure buildout, which has created a shortage and increased prices. Consequently, Longsys has secured long-term supply agreements and is seeing interest from major tech companies like Apple, Dell, and HP Inc. seeking alternative chip sources. AI

IMPACT The AI boom is creating unprecedented demand and supply chain shifts in the memory market, potentially impacting pricing and availability for all AI hardware.

RANK_REASON Significant financial news for a major AI-adjacent industry player due to AI-driven demand. [lever_c_demoted from significant: ic=1 ai=0.7]

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Lexar owner Longsys forecasts massive profit surge amid AI chip shortage

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Tom's Hardware TIER_1 English(EN) · Jowi Morales · 2026-07-07 16:13

Chinese memory and storage firm expected to post more than 60,000% jump in profits due to exploding demand — Lexar owner Longsys forecasts nearly $1.5 billion profit for 1H26 compared to $2.1 million last year

Chinese memory and storage manufacturer Longsys expects to post a massive increase in profits due to the AI-driven chip shortage.

COVERAGE [1]

Chinese memory and storage firm expected to post more than 60,000% jump in profits due to exploding demand — Lexar owner Longsys forecasts nearly $1.5 billion profit for 1H26 compared to $2.1 million last year

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