ME News report, August 13 (UTC+8): SMIC announced that in the second quarter, the company achieved total revenue of $3 billion, a 20% sequential increase, with a gross margin of 25.3%, up 5.2 percentage points quarter-over-quarter. For the third quarter, revenue is expected to grow sequentially by 2% to 4%, with a gross margin guidance of 26% to 28%. Looking ahead to the second half of the year, the industrial drive and spillover effects generated by artificial intelligence will continue, creating broad demand for integrated circuit manufacturing. The company is flexibly reallocating existing capacity and rapidly validating new capacity to help alleviate supply chain constraints. Overall, we remain optimistic about the industry’s trajectory and the company’s development. (Cailianpress) (Source: ODAILY)
SMIC Q3 revenue expected to rise 2-4% quarter-over-quarter, gross margin guidance at 26-28%
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Summary
SMIC reported Q2 revenue of $3 billion, a 20% increase from Q1, with a gross margin of 25.3%, up 5.2 percentage points. For Q3, revenue is expected to grow 2–4% quarter-over-quarter, with a gross margin outlook of 26–28%. The company is adjusting capacity to meet AI-driven demand for integrated circuits, which presents a favorable risk-to-reward profile for long-term production planning.
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