Huaqin Tech Sees AI Capex Surge From 2026 as CSPs Shift to Domestic Solutions
Huaqin Technology said on August 27 that leading CSPs have increased AI capital expenditure since 2026, with the industry in the first half of the year transitioning to domestic solutions. The company reported data business revenue of about RMB 20 billion in the first half, with supernode shipments beginning in the second quarter and accelerating in the third. Second-half revenue is expected to exceed RMB 10 billion from supernodes alone, while switch revenue is set to double to around RMB 6 billion annually.
Huaqin Technology announced on August 27 the convening of its 2026 interim results briefing. The company said its data business revenue reached approximately RMB 20 billion in the first half, with supernode first shipments delivered ahead of schedule in the second quarter and entering a high-growth phase in the third quarter. The accelerated growth in the second half is mainly attributed to faster product shipment momentum and higher volumes.
On a segment basis, supernode volume shipments began in the third quarter, with second-half revenue exceeding RMB 10 billion. Switch market share has risen rapidly, with full-year revenue of about RMB 6 billion, doubling year on year. Single-quarter revenue in the second half will exceed RMB 20 billion. By customer, the company aims for each of its three CSP customers to generate revenue above RMB 10 billion, while industry customers are expected to exceed RMB 10 billion in 2026 as well.