SMIC announces unaudited results for the second quarter of 2026
Revenue of $3.006 billion, up 20% quarter-over-quarter, gross margin of 25.3%, net profit of $733 million, and provides third-quarter guidance.
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Integrated circuit foundry
smics.comLast updated
In short: SMIC achieved record revenue and significant profit growth driven by a surge in AI demand, despite facing ongoing US-led export controls.
Revenue of $3.006 billion, up 20% quarter-over-quarter, gross margin of 25.3%, net profit of $733 million, and provides third-quarter guidance.
The results will be published on the Hong Kong Stock Exchange and the Shanghai Stock Exchange after trading hours, and a performance briefing will be held on August 14.
Revenue reached $2,505 million with gross margin of 20.1%. Profit attributable to SMIC was $197 million.
Revenue grew 4.5% QoQ and 12.8% YoY, with gross margin at 19.2%.
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