MiniMax Revenue Jumps 283% but Misses Forecast Pace Amid Fierce AI Race
pstAsiatech · x · 2026-08-26
Chinese AI firm MiniMax reported first-half revenue of $116.6 million, up 283% year-on-year, driven by a 703% surge in enterprise business to $73.9 million. This segment now accounts for 63.4% of total revenue. Despite the growth, the results represent only 32% of the full-year analyst forecast of $363.77 million, highlighting the gap to expectations. Net loss narrowed 11% to $358 million, while adjusted net loss expanded 111.2% to $293 million. Gross profit margin improved to 17.9%. The performance underscores intense competition with US and Chinese AI labs.
Related event: MiniMax H1 Revenue Up 283%, ARR Tops $800M as Enterprise Business Surges(8 posts)→
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