SMIC stock fell 4.38 percent on October 8

Published on 10/08/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMIC stock's second-quarter revenue reached USD 3,006 million in Q2 2026, up 20 percent sequentially. First-half revenue rose 23.7 percent year over year.

SMIC, KYG8020E1199, Illustration mit AI erstellt.

SMIC (ISIN KYG8020E1199) was last at CNY 107.08 on the Shanghai Stock Exchange on October 8, 2026 at 3:00 p.m. CST, down 4.38 percent from the prior close. The move came as mainland trading resumed after the National Day holiday, putting the semiconductor maker's valuation and growth outlook back into focus.

Q2 revenue reached USD 3,006 million

SMIC's second-quarter 2026 revenue reached USD 3,006 million, up 20 percent sequentially, according to the Yahoo Finance transcript published August 14, 2026. Gross margin was 25.3 percent, up 5.2 percentage points sequentially, while profit attributable to the company reached USD 479 million.

The first-half figures provide the broader comparison. Revenue reached USD 5,511 million in the first half of 2026, up 23.7 percent from the same period a year earlier, while gross margin was 22.9 percent, an increase of 1.5 percentage points, the transcript said.

Margin guidance moves higher

Management guided third-quarter 2026 revenue to increase 2 percent to 4 percent sequentially and set gross margin guidance at 26 percent to 28 percent, according to Yahoo Finance. The guidance implies a margin range above the 25.3 percent achieved in the second quarter, although the company also cited higher depreciation and power costs as operating pressures.

Capacity utilization reached 93.7 percent in Q2 2026, while wafer shipments increased 14.4 percent and blended average selling prices rose 5.7 percent sequentially. In a separate market comparison, ANI reported that SMIC held 5.4 percent of the global pure-play foundry market in Q2, up from 5.1 percent, with sales of USD 3.01 billion.

Stock remains below its yearly high

SMIC's current Shanghai price is 39.3 percent below its 52-week high of CNY 176.34 and 17.4 percent above its 52-week low of CNY 91.20. Market capitalization stands at CNY 616.9 billion, with 48,153,938 shares changing hands on October 8, 2026.

Hong Kong trading offered a separate gauge of sentiment. Futu reported on October 8, 2026 that SMIC fell more than 5 percent among broadly weaker Hong Kong-listed semiconductor stocks. Another Futu report said Stock Connect holdings of SMIC declined by RMB 991 million, equivalent to 16.2775 million shares, over the latest five trading days covered by the report.

SMIC stock trades at CNY 107.08

SMIC stock was last at CNY 107.08 on the Shanghai Stock Exchange on October 8, 2026 at 3:00 p.m. CST. The next valuation test is whether the higher margin guidance can offset the pressure from depreciation, energy costs and the broader semiconductor selloff.