Goldman Sachs raised target for SMIC stock to HKD 153.00

Published on 10/21/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs lifted its target to HKD 153.00 on October 19, 2026. SMIC stock posted USD 3.01 billion in second-quarter revenue, up 20.00 percent.

Analyst view and operating base

On October 19, 2026, Goldman Sachs lifted its SMIC target from HKD 135.00 to HKD 153.00.
Second-quarter 2026 revenue reached USD 3.01 billion, up 20.00 percent sequentially.
SMIC's next earnings date is November 12, 2026.
Market capitalization was HKD 506.4 billion, while the 52-week range was HKD 49.32 to HKD 93.00.

SMIC, KYG8020E1199, Illustration mit AI erstellt.

SMIC (ISIN KYG8020E1199) was last quoted at HKD 50.05 on HKEX at 3:30 p.m. HKT on October 21, 2026, while GMT EIGHT reported on October 19, 2026, that Goldman Sachs raised its 12-month target from HKD 135.00 to HKD 153.00. The bank maintained its Buy rating.

SMIC's latest operating picture supports the more constructive target, but the valuation case depends on execution. The company generated USD 3.01 billion in revenue in the second quarter of 2026, up 20.00 percent from the first quarter, while gross margin reached 25.30 percent.

Three dates show the progression

On March 26, 2026, SMIC reported USD 9.33 billion in fiscal-year 2025 revenue, up 16.20 percent from fiscal year 2024. On August 13, 2026, its second-quarter revenue reached USD 3.01 billion and gross margin was 25.30 percent. On October 19, 2026, Goldman Sachs raised its target from HKD 135.00 to HKD 153.00, according to GMT EIGHT.

What does the target mean for valuation?

The HKD 153.00 target lies 205.69 percent above the HKD 50.05 quote. Goldman Sachs linked its view to capacity expansion, demand for analog and logic chips supporting generative artificial intelligence, and stronger demand from domestic customers, while SMIC's second-quarter utilization rate reached 93.70 percent.

Safeguard reported that SMIC guided third-quarter 2026 revenue to rise 2.00 to 4.00 percent sequentially and gross margin to reach 26.00 to 28.00 percent. That forecast is above the 25.30 percent margin delivered in the second quarter, placing margin expansion ahead of the next results release.

Next reporting date is November 12

Yahoo Finance lists November 12, 2026, as SMIC's next earnings date. The release will show whether the company delivered the 2.00 to 4.00 percent revenue growth and 26.00 to 28.00 percent gross-margin guidance.

SMIC stock stays near its yearly low

SMIC's market capitalization was HKD 506.4 billion on October 21, 2026. Its 52-week range was HKD 49.32 to HKD 93.00, leaving the HKD 50.05 quote close to the lower end while Goldman Sachs sees a much higher target.

SMIC was last quoted at HKD 50.05 on HKEX at 3:30 p.m. HKT on October 21, 2026.