SMIC (688981.SH) Expresses Heightened Optimism for Full-Year Operations Compared to Previous Quarter

Stock News05-14

Semiconductor Manufacturing International Corporation (688981.SH) disclosed its first-quarter 2026 financial report. According to International Financial Reporting Standards, the company achieved first-quarter sales revenue of $2.505 billion, representing a sequential increase of 0.7%. The gross profit margin was 20.1%, up by 0.9 percentage points from the previous quarter. For the second quarter, the company provided revenue guidance of a 14% to 16% sequential increase, with gross margin guidance between 20% and 22%, marking a 2-percentage-point improvement compared to the previous quarter's guidance. Furthermore, based on customer demand and the current order backlog, the company is more optimistic about its overall operational performance for the year compared to last quarter. The company will closely monitor customer requirements, flexibly allocate resources, accelerate product response times, and ensure the maintenance of high-quality delivery capabilities even within a complex environment.

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