Two of China's most prominent domestic GPU designers have disclosed Q1 2026 earnings, with Cambricon Technologies reporting $423 million in revenue and MetaX Integrated Circuits posting 75% year-over-year growth, according to filings reported by the South China Morning Post. The results come as Chinese chipmakers continue to absorb market share from Nvidia, which has watched its dominance in China erode from a pre-sanctions peak of 95% to less than 60%.