SMIC releases 2026 Q1 financial report, sales revenue exceeds 2.5 billion US dollars
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%
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In short: SMIC reported record revenue for 2025 and 1Q26 sales exceeding $2.5 billion while navigating U.S. sanctions and shifting global market demand.
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%.
Revenue grew 4.5% quarter-on-quarter, but gross margin fell to 19.2%, mainly due to increased depreciation.
Annual revenue of $9.327 billion, up 16.2% year-on-year, gross margin of 21.0%.
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