# Chinese memory and storage firm expected to post more than 60,000% jump in profits due to exploding demand — Lexar owner Longsys forecasts nearly $1.5 billion profit for 1H26 compared to $2.1 million last year

> Shenzhen Longsys Electronics, the Chinese parent company of Lexar, announced that it’s expecting a net profit of $1. 36 to $1. 62 billion (or 9.

- **Source:** [Tom's Hardware](https://www.tomshardware.com/tech-industry/chinese-memory-and-storage-firm-expected-to-post-more-than-60-000-percent-jump-in-profits-due-to-exploding-demand-lexar-owner-longsys-forecasts-nearly-usd1-5-billion-profit-for-1h26-compared-to-usd2-1-million-last-year?utm_source=gearopen.com&utm_medium=referral&utm_campaign=feed&utm_content=6a4e401d3f2a3c27e01e5c24)
- **Published:** 2026-07-08
- **Category:** AI & Bots
- **Tags:** #apple #samsung #dell #hp #ai
- **Canonical:** http://localhost:4321/a/6a4e401d3f2a3c27e01e5c24

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