SMIC (00981) Announces Second Quarter Results Profit attributable to shareholders of US$479 million increased 261.7% year over year

According to the Zhitong Finance App, SMIC (00981) announced results for the second quarter of the three months ended June 30, 2026. The group obtained revenue of US$3.06 billion, up 36.1% year on year and 20% month on month; profit attributable to company owners was US$479 million, up 261.7% year on year, up 142.7% month on month; profit per share was 0.06 US dollars.

In the second quarter, the company achieved overall sales revenue of 3 billion US dollars, an increase of 20% month-on-month; gross margin was 25.3%, an increase of 5.2 percentage points over the previous quarter.

In the third quarter, revenue is expected to increase by 2% to 4% month-on-month, and gross margin guidance is 26%-28%.

Looking ahead to the second half of the year, the industrial drive and spillover effects generated by artificial intelligence will continue, bringing widespread demand for integrated circuit manufacturing. The company flexibly allocates existing production capacity, quickly verifies new production capacity, and helps ease the shortage situation in the industrial chain. Overall, we are optimistic about the direction of the industry and the company's development.