SMIC reported revenue growth and guided margins for SMIC stock

Published on 10/12/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 3.01 billion in the second quarter of 2026, up 20.00 percent sequentially. A 26.00 to 28.00 percent margin range frames SMIC stock.

Key points in brief

SMIC reported USD 3.01 billion of revenue in the second quarter of 2026, up 20.00 percent sequentially.
First-half 2026 revenue reached USD 5.51 billion, up 23.70 percent year over year.
Third-quarter guidance calls for 26.00 to 28.00 percent gross margin and 2.00 to 4.00 percent sequential revenue growth.
SMIC trades as 981.HK on the Hong Kong Stock Exchange in the information technology sector.

SMIC, KYG8020E1199, Illustration mit AI erstellt.

SMIC (ISIN KYG8020E1199) reported USD 3,006 million of revenue in the second quarter of 2026, up 20.00 percent sequentially, while its third-quarter gross-margin guidance reached 26.00 to 28.00 percent. The figures give SMIC stock a clear operating benchmark as capacity utilization remains high.

Second-quarter figures strengthen

According to Yahoo Finance on August 14, 2026, SMIC also reported USD 479 million of profit attributable to the company and a gross margin of 25.30 percent in the second quarter. First-half 2026 revenue stood at USD 5,511 million, up 23.70 percent year over year, while first-half gross margin reached 22.90 percent.

The operating picture was supported by 93.70 percent utilization and a 14.40 percent increase in wafer shipments during the second quarter. Sotkn reported that second-quarter revenue rose 36.10 percent year over year from USD 2,209.1 million, adding a second comparison to the sequential increase.

What does the margin guide mean?

The third-quarter outlook calls for revenue growth of 2.00 to 4.00 percent sequentially and gross margin of 26.00 to 28.00 percent, above the second-quarter level of 25.30 percent. Management also expects utilization to remain near 95.00 percent while newly added capacity moves through qualification, according to Yahoo Finance.

That combination makes utilization and qualification the key operating tests. Higher shipments and average selling prices lifted the second-quarter result, but the company also reported USD 3.4 billion of capital expenditure in the first half of 2026, keeping execution and depreciation important to future margins.

Three dated SMIC milestones

On August 13, 2026, SMIC's second-quarter filing reported USD 3,005.6 million of revenue, a 25.30 percent gross margin and 93.70 percent utilization, as detailed by Sotkn. On September 17, 2026, the same report cited Huawei Connect demand commentary that domestic chip capacity remained constrained. On October 4, 2026, Sotkn highlighted the 93.70 percent utilization rate alongside the 26.00 to 28.00 percent third-quarter margin guide.

Next reporting date

TradingView lists October 31, 2026 as SMIC's next earnings date. The next report will show whether the company converted the second-quarter utilization and pricing gains into the guided third-quarter margin range.

Listing and market context

SMIC trades as 981.HK on the Hong Kong Stock Exchange under ISIN KYG8020E1199. The company provides integrated-circuit wafer foundry services across 8-inch and 12-inch platforms, placing capacity utilization, wafer pricing and qualification progress at the center of its earnings profile.