Goldman Sachs raises target for SMIC stock to HKD 153

Published on 10/26/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AI demand lifted wafer pricing and Q2 revenue to USD 3.01 billion. For SMIC stock, utilization reached 93.70 percent during the quarter.

AI demand and valuation

Goldman Sachs raised its SMIC target from HKD 135.00 to HKD 153.00 on October 26, 2026.
Second-quarter revenue reached USD 3,005.60 million, while gross margin was 25.30 percent.
SMIC's next earnings date is listed as November 12, 2026.

SMIC, KYG8020E1199, Illustration mit AI erstellt.

Semiconductor Manufacturing International Corporation (KYG8020E1199) faces a higher Goldman Sachs target of HKD 153.00, up from HKD 135.00, for its Hong Kong shares. According to GMT EIGHT on October 26, 2026, the bank retained its Buy rating and linked the outlook to artificial-intelligence demand, capacity expansion and local supply-chain demand.

What supports HKD 153?

The operating evidence comes from the second quarter. The Economic Times reported on August 14, 2026, that revenue exceeded USD 3 billion, profit attributable to shareholders reached USD 479.20 million and wafer shipments rose 14.00 percent quarter on quarter. The report also said SMIC raised prices for sought-after capacity as average wafer selling prices increased 5.70 percent.

ChipCorridor lists second-quarter 2026 revenue at USD 3,005.60 million, up 36.10 percent year over year, and gross margin at 25.30 percent. The same source records first-quarter revenue of USD 2,505.50 million, making the second-quarter figure 20.00 percent higher sequentially.

Three dates explain the setup

On August 14, 2026, SMIC's second-quarter update showed USD 3,005.60 million of revenue and USD 479.20 million of attributable profit, according to The Economic Times. On August 28, 2026, YouAnalyst identified the half-year report period ended June 30, 2026, with PRC GAAP revenue of CNY 38.64 billion. On October 26, 2026, GMT EIGHT reported the target increase to HKD 153.00.

When are the next results due?

Investing.com lists November 12, 2026 as SMIC's next earnings date. That date gives investors a defined checkpoint for the third-quarter guidance of revenue growth between 2.00 percent and 4.00 percent and gross margin between 26.00 percent and 28.00 percent, figures reported by The Economic Times.

Hong Kong price and valuation

SMIC stock was last at HKD 45.96 on October 26, 2026 at 3:45 p.m. HKT on the Hong Kong Stock Exchange. The quote sits within the HKD 44.10 to HKD 93.00 52-week range listed by Investing.com as of October 25, 2026. The gap between the market quote and Goldman Sachs target leaves the analyst view dependent on execution of the pricing and capacity strategy.