Huawei revenue up 9.55% as it pours 25% into R&D for self-reliance
pstAsiatech · x · 2026-08-31
Huawei reported a 9.55% increase in first-half revenue to 467.8 billion yuan, driven by a rebound in smartphone shipments and demand for AI chips. However, net profit plunged 36% as the company prioritized long-term technological independence, increasing R&D spending by 25% year-on-year to 121.4 billion yuan, accounting for over 25% of total revenue.
Related event: Huawei Revenue Up 9.55% as R&D Spending Nears Nvidia Levels(3 posts)→
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