All currency figures stated in this report are in US Dollars unless stated otherwise.
The consolidated financial information is prepared in accordance with International Financial Reporting Standards (“IFRS”) and is presented in accordance with IFRS unless otherwise stated below.
Shanghai, China –May 14, 2025 – Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) (“SMIC”, the “Company” or “we”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended March 31, 2026.
First Quarter 2026 Highlights
- Revenue was $2,505.5 million in 1Q26, compared to $2,488.7 million in 4Q25, and $2,247.2 million in 1Q25.
- Gross profit was $503.6 million in 1Q26, compared to $478.1 million in 4Q25, and $505.9 million in 1Q25.
- Gross margin was 20.1% in 1Q26, compared to 19.2% in 4Q25 and 22.5% in 1Q25.
The following statements are forward looking statements based on current expectations and involved risks and uncertainties.
Second Quarter 2026 Guidance
The Company expects (in accordance with IFRSs):
- Revenue to increase by 14% to 16% QoQ.
- Gross margin to range from 20% to 22%.
The Management Comments
In the first quarter, the Company achieved total revenue of $2,505 million, up 0.7% sequentially; gross margin was 20.1%, up 0.9 percentage point sequentially.
The Company’s second quarter guidance is as follows: revenue is expected to increase 14% to 16% sequentially, and the gross margin is expected to be in the range of 20% to 22%, representing a sequential increase of 2 percentage points compared to the previous quarter’s guidance.
Based on customer demand and order in hand, we are more optimistic about our overall business for this year compared to last quarter. The Company will closely monitor customer demand, flexibly allocate resources, accelerate product response speed, and ensure sustained high-quality delivery amid a complex environment
Conference Call / Webcast Announcement
Date: Friday, May 15, 2026
Time: 8:30 A.M. - 9:30 A.M.
WEBCAST
The call will be webcast live at:
https://edge.media-server.com/mmc/p/p7kfyhtx
CONFERENCE CALL
Please register in advance for the conference call at:
https://register-conf.media-server.com/register/BI5379b7aafa56474db4dc26e2b717d596
REPLAY
Recording will be available 1 hour after the event and it will be archived for 12 months.
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About SMIC
Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) is one of the leading foundries in the world and is the front runner in manufacturing capability, manufacturing scale, and comprehensive service in the Chinese Mainland. SMIC Group provides semiconductor foundry and technology services to global customers on 8-inch and 12-inch wafers. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base, with 8-inch and 12-inch wafer fabrication facilities in Shanghai, Beijing, Tianjin and Shenzhen. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China.
For more information, please visit www.smics.com.
Forward-Looking Statements
This release contains, in addition to historical information, forward-looking statements. These forward-looking statements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses words including but not limited to “believe”, “anticipate”, “intend”, “estimate”, “expect”, “project”, “target”, “going forward”, “continue”, “ought to”, “may”, “seek”, “should”, “plan”, “could”, “vision”, “goal”, “aim”, “aspire”, “objective”, “schedule”, “outlook” and other similar expressions to identify forward looking statements. These forward-looking statements are estimates made by SMIC's senior management based on their best judgment and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition in the semiconductor industry, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply and demand for semiconductor foundry services, shortages in equipment, parts, raw materials, software and service supports, orders or judgments from pending litigation, intellectual property litigation in the semiconductor industry, macro- economic conditions, fluctuations in currency exchange rates and the risk of geopolitics.
Contact:
Investor Relations
+86-21-2081-2800
ir@smics.com
