SMIC Reports Q1 2026 Revenue of 176.17 Billion Yuan, Up 8.1% Year-on-Year

Deep News05-14

On the evening of May 14th, Semiconductor Manufacturing International Corporation (SMIC) announced its financial results for the first quarter of 2026. The company achieved operating revenue of 176.17 billion yuan, representing an 8.1% increase compared to the same period last year. Net profit attributable to shareholders of the listed company reached 13.61 billion yuan, a slight year-on-year growth of 0.4%.

For the second quarter, the company provided guidance forecasting a sequential revenue increase of 14% to 16%. The gross margin guidance is set between 20% and 22%, marking a 2-percentage-point improvement compared to the guidance for the previous quarter.

SMIC stated that, based on current customer demand and the existing order backlog, the company holds a more optimistic outlook for its overall operations this year compared to the last quarter. The company plans to closely monitor customer requirements, flexibly allocate resources, accelerate product response times, and ensure the maintenance of high-quality delivery standards even within a complex operating environment.

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