ZTE wins 5G award for GigaMIMO: Goldman sees ZTE stock at HKD 32.60

Published on 10/07/2026 at 05:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ZTE grew first-half revenue 9.05 percent to CNY 78.03 billion, while profit fell 45.57 percent. ZTE stock's prior close was EUR 2.47 on October 5, 2026.

ZTE, CNE1000004Y2, Illustration mit AI erstellt.

ZTE Corporation (ISIN CNE1000004Y2) won the 2026 Leading Lights Award for its GigaMIMO 5G and 6G solution on September 30, 2026, while Goldman Sachs maintained a Hold rating and set a HKD 32.60 target for ZTE stock on September 25, 2026. The award recognizes field-tested network technology, but the latest financial figures show that the shift toward computing is still weighing on profitability.

GigaMIMO delivers measurable gains

According to ZTE in its September 30, 2026 release, GigaMIMO lifted average throughput in overlapping coverage areas by 25 percent during commercial 5G-Advanced field trials. The same release said user-experienced data rates rose by 2 to 6 times, while centralized MIMO testing delivered a single-user peak rate above 17 Gbps.

The technology is designed to extend existing 5G-Advanced networks toward 6G rather than require an immediate replacement cycle. That positioning gives the award a commercial angle: ZTE is presenting network capacity gains as an upgrade to deployed infrastructure.

Revenue grows as profit contracts

Futunn reported on September 17, 2026 that ZTE's first-half 2026 revenue reached CNY 78.03 billion, up 9.05 percent year over year, while net profit attributable to shareholders fell 45.57 percent to CNY 2.75 billion. Computing revenue grew more than 55 percent and represented 35.1 percent of total revenue in the same period.

The mix explains the tension in the numbers. Government and corporate business revenue rose 43.51 percent to CNY 27.63 billion in the first half of 2026, but first-half gross margin fell to 25.48 percent, down 6.97 percentage points year over year, according to the same September 17, 2026 review.

Goldman target stays in HKD

Investing.com lists Goldman Sachs at Hold with a HKD 32.60 12-month target dated September 25, 2026. The portal also lists 12 analyst ratings, including 5 Buy, 5 Hold and 2 Sell ratings, with an average target of HKD 29.28.

That target must be read separately from the euro quote used for German investors. ZTE's Shenzhen-listed A shares had a CNY 30.53 to CNY 55.85 52-week range as of September 30, 2026, while the finance profile identifies the company as a technology business in communication equipment.

Prior close remains EUR 2.47

Lang & Schwarz shows a prior close of EUR 2.47 for ZTE on October 5, 2026. The company's Shenzhen listing had a market capitalization of CNY 146.3 billion and a closing reference price of CNY 30.58 on September 30, 2026.

The further course of trading is shown by the continuously updated real-time quote of ZTE stock.