SMIC stock falls 4.70 percent as Q3 margin guide targets 26%-28%

Published on 10/04/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMIC stock fell 4.70 percent on September 30, 2026, while second-quarter revenue reached USD 3,006 million. Third-quarter guidance targets a 26%-28% gross margin.

SMIC, KYG8020E1199, Illustration mit AI erstellt.

SMIC stock (ISIN KYG8020E1199) last stood at CNY 111.99 on the Shanghai Stock Exchange on September 30, 2026, down 4.70 percent from the prior session. The latest operating signal is stronger: second-quarter revenue reached USD 3,006 million, while management guided for a 26%-28% gross margin in the third quarter.

Revenue clears USD 3 billion

According to the Yahoo Finance transcript dated August 14, 2026, second-quarter revenue rose 20 percent sequentially to USD 3,006 million. Gross margin reached 25.3 percent, an increase of 5.2 percentage points from the first quarter.

The result also lifted first-half revenue to USD 5,511 million, up 23.7 percent year over year, while profit attributable to the company reached USD 677 million. That combination matters because SMIC is expanding both volume and pricing, rather than relying on a single demand channel.

Q3 guide raises the margin test

The same Yahoo Finance transcript records third-quarter guidance for sequential revenue growth of 2%-4% and a gross margin of 26%-28%. The revenue range is materially slower than the second quarter's 20 percent sequential increase, making margin execution the more immediate operating checkpoint.

Management also reported second-quarter wafer shipments up 14.4 percent and capacity utilization at 93.7 percent. The figures show why the next phase depends on adding capacity without diluting pricing or profitability.

Results date is November 13

Simply Wall St lists November 13, 2026, as the date for SMIC's third-quarter results. The scheduled report will allow investors to compare the 2%-4% revenue guide with actual demand and the 26%-28% margin target with delivered profitability.

SMIC stock stays below yearly high

SMIC stock last stood at CNY 111.99 on September 30, 2026, with a 52-week range of CNY 91.20 to CNY 176.34. Market capitalization was CNY 645.2 billion, and trading volume reached 42,874,573 shares on that session.