FS.COM posts 24.6% revenue growth and 72.2% surge in adjusted profit for Q1 2026

Bulletin Express05-12

FS.COM Limited reported solid first-quarter 2026 results, driven by robust demand for high-performance networking solutions and continued product upgrades.

Revenue rose 24.6% year on year to RMB 787.40 million for the three months ended 31 March 2026. Net profit increased 57.0% to RMB 155.90 million, while adjusted net profit—which excludes share-based payments, listing expenses and interest on redemption liabilities—jumped 72.2% to RMB 176.70 million.

High-performance networking solutions were the primary growth engine, delivering a 40.8% revenue increase versus the same period last year. The company cited steady order flow from global customers in high-performance computing, data centres, enterprise networks and telecoms.

Management reiterated the strategic focus on a “Software Platform + Integrated Network Infrastructure Solutions” model. During the quarter, FS.COM upgraded its switch operating system and cloud network management platform, enhancing multi-chip adaptation and advancing towards integrated intelligent management covering “management, control and analysis.” The group also strengthened product solutions and system-integration delivery capabilities to capitalise on AI computing-power network opportunities.

The figures are unaudited and based on internal data reviewed by the board; they may be subject to adjustment.

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