Iluvatar CoreX turns demand into profit

China’s GPGPU market funds a roadmap.

August 31, 2026

Jon Peddie

Shanghai Iluvatar CoreX entered 2026 with a new public listing, rising demand for domestic AI infrastructure, and a multi-generation GPGPU roadmap. Its first-half results now add a financial marker: revenue reached RMB945.7 million and net profit reached RMB106.3 million. The numbers show commercial progress in China’s AI accelerator market. They also put more weight on execution across software, manufacturing, customer deployment, and the company’s claimed path toward competitive future architectures. Shanghai, China, Iluvatar CoreX reported RMB945.7 million (US $140.71 million) in first-half 2026 revenue, a 191.6% increase from RMB324.3 million (US $48.25 million) a year earlier. Net profit reached RMB106.3

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Iluvatar CoreX turns demand into profit

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