ZTE reports revenue exceeding RMB 100 billion in the first nine months of 2025, computing revenue up 180% YoY

Release Time：2025-10-28

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• Revenue reached RMB 100.52 billion in the first nine months of 2025, an increase of 11.6% YoY, underscoring steady progress of the "Connectivity + Computing" strategy
• ZTE continues to advance foundational technologies across four key domains-Networks, Computing, Home, and Personal Devices
• Computing-related revenue rose 180% YoY, making up 25% of total revenue, while Home and Personal Devices continued to grow, contributing another 25%
• Committed to its "AI for All" vision, ZTE accelerates the development of a full-scenario intelligent ecosystem for homes and personal use

Shenzhen, China, October 28, 2025 - ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, today announced a revenue of RMB 100.52 billion in the first nine months of 2025, an increase of 11.6% year-on-year.

According to ZTE's results announcement today, during the period, the net profit attributable to holders of ordinary shares of the listed company reached RMB 5.32 billion, and net profit after extraordinary items attributable to holders of ordinary shares of the listed company reached RMB 3.88 billion.

In the first three quarters, ZTE's Carrier Networks business experienced overall pressure as domestic telecom infrastructure investment softened, while international markets continued to show healthy expansion. The government-enterprise segment sustained strong momentum, with revenue up 130% year-on-year, while the consumer business maintained stable growth.

As a core contributor to digital economy infrastructure, ZTE remains committed to its "Connectivity + Computing" strategy, accelerating the deployments and upgrading of AI infrastructure to build a robust digital and intelligent foundation that empowers industries and communities. The company continues to advance core foundational technologies across four key domains-Networks, Computing, Home, and Personal Devices, building comprehensive full-stack technological capabilities to meet diversified needs.

Throughout the first nine months, revenue from computing-related businesses grew by 180% year-on-year, accounting for 25% of total revenue. Within this segment, revenue from servers and storage increased by 250% year-on-year, while data center solutions revenue rose by 120% year-on-year. Revenue from home and personal devices segments continued to grow, together representing 25% of total revenue.

Amid the continued slowdown in domestic 5G investment, ZTE remains focused on advancing the deep convergence of AI and ICT foundational technologies, enhancing network competitiveness, expanding computing infrastructure to meet rising AI-driven demand, and accelerating the upgrade of AI-enabled edge devices, to build new, sustainable engines of growth.

While the evolving revenue mix has placed near-term pressure on gross margins, this reflects the company's strategic transition toward a more diversified and future-oriented portfolio. Throughout this process, ZTE continues to strengthen its commitment to innovation, dedicating RMB 17.81 billion, around 18% of revenue, to R&D during the period, reinforcing its long-term resilience and value creation.

In the Networks domain, ZTE positions AI as the core engine driving faster, smarter, and more converged connectivity. Through innovations such as the AIR solution suite and AI-enabled 10G all-optical networks, the company continues to enhance the intelligence and integration of its networks foundation, enabling AI to reach every application scenario with greater speed, agility, and trust.

Meanwhile, ZTE is advancing frontier technologies including integrated space-air-ground networks, integrated communications and sensing, and passive IoT. The company has achieved commercial breakthroughs in 5G-Adanced (5G-A) and continues to lead the evolution toward 6G.

As of now, ZTE ranks second globally in 5G base station and 5G core network shipments, holds the world's second-largest market share in fixed-network products, and maintains leadership ratings across 5G RAN, 5G core networks, fiber access, and optical transport. Guided by long-term innovation, ZTE is working with global partners to build a faster, smarter, and more trusted digital network future.

In the Computing domain, ZTE's intelligent computing services are powering core operations for leading internet, financial, and energy enterprises in China, while achieving scaled commercial deployment internationally through strengthened local partnerships.

ZTE's AiCube All-in-One machine-purpose-built for industry applications-has delivered tangible value across diverse sectors, including education, healthcare, automotive, steel, energy, water management, and finance.

The company's open-source "Co-Sight Super Agent 2.0" provides enterprises with efficient, secure, and easy-to-deploy intelligent agent solution-enabling rapid, pipeline-based AI application development. It has been recognized as a top performer on the GAIA authoritative benchmark test.

ZTE's data center solutions continue to support key national hub projects in China while expanding reach across emerging markets such as Latin America, North Africa, and Central Asia. The company is committed to building computing power into a trusted engine of productivity-so that every innovation steadily contributes to a more sustainable and intelligent world.

ZTE remains committed to its "AI for All" vision. Leveraging the broad generalization capability of large models and integrating cloud, network, and AI technologies, the company is accelerating the development of a full-scenario intelligent ecosystem for homes and personal use, bringing AI into everyday life and creating smarter, more intuitive experiences.

During the period, revenue from ZTE's Home and Personal device businesses grew steadily, with the personal device segment achieving double-digit growth. Overseas smartphone revenue continued to grow, and smartphone activations increased by more than 25% year-on-year. Cloud PCs revenue maintained strong growth momentum, and ZTE retained its global leadership in 5G FWA and MBB markets, holding the largest market share worldwide.

In the Home segment, ZTE is building a new AI-powered home paradigm "Devices as a Service". By integrating AI capabilities with innovative device form factors, the company is reimagining core household scenarios, ranging from health and elderly care to education, entertainment, whole-home security, intelligent networking, and family memory, enabling AI to become more thoughtful and attuned to people's needs with every interaction.

To date, ZTE's annual shipments of home terminals have exceeded 100 million units. The company ranks first globally in PON CPE shipments and remains among the industry leaders in Wi-Fi 7 home devices, with global shipments exceeding one million units. Its cumulative FTTR shipments have reached nearly 30 million units, further strengthening its position as a trusted enabler of smart home connectivity worldwide.

In the first three quarters of 2025, ZTE introduced a range of AI-powered cloud terminals with innovative form factors, enriching user experiences across smart office and entertainment scenarios.

To date, global shipments of ZTE's cloud terminals have exceeded 6 million units, serving more than 10 million cloud PC users worldwide. In the mobile internet segment, the company launched the G5 Max Wi-Fi-a commercial-grade hybrid indoor/outdoor CPE-delivering greener, smarter, and more efficient connectivity experiences across global markets.

For Personal Devices, ZTE stays closely attuned to the evolving lifestyles of younger consumers, focusing its innovation on "Gaming + AI + Everyday Experiences". The company introduced the nubia Z80 Ultra, a street-photography and gaming flagship, and the REDMAGIC 11 Pro series, the industry's first smartphones featuring a dual air-and-liquid cooling system-designed for ultimate performance and creative expression.

In collaboration with domestic telecom operators, ZTE launched a portfolio of inclusive smartphones-ZTE Xiao Xian 60 "Zhenqing" Edition, Panshi AI Phone (Changxing 60 Series), and Yuanhang 60 Plus-making intelligent technology more accessible to a broader audience.

Additionally, the ZTE U30 Pro portable Wi-Fi offers fast, reliable, and easy connectivity for modern scenarios such as business travel, outdoor gatherings, campus life, pop-up events, and live streaming-bringing effortless convenience to every moment of connection.

ZTE is embracing the AI-driven transformation of industries by accelerating the integration of digital-intelligent technologies across its R&D, manufacturing, and operations, continuously enhancing its organizational intelligence and efficiency.

Looking ahead, as digital-intelligent technologies deepen their real-world impact across industries, ZTE will remain committed to foundational innovation, strengthening the intelligent infrastructure, expanding application boundaries, and driving deeper convergence of AI with industrial, home, and personal scenarios. The company aims to make computing power more inclusive and intelligence more human-centered, working hand in hand with global partners to build a smarter, more trusted, and sustainable future.