SMIC reports Q1 2026 revenue up 11.5% YoY
Revenue reached $2,505 million with gross margin of 20.1%. Profit attributable to SMIC was $197 million.
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In short: SMIC achieved record revenues in 2025 and 2026, though rising depreciation and geopolitical pressures impacted margins and operations.
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%.
Gross profit margin 20.1%, quarter-on-quarter increase of 0.7 percentage points, second quarter revenue guidance quarter-on-quarter growth of 14% to 16%
Revenue was $9.327 billion, profit was $685 million, capacity utilization rate was 93.5%.
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