SMIC Q3 Revenue Rises 6.1% to $3.19 Billion, Gross Margin Hits 29.9%
SMIC reports unaudited Q3 results with rising revenue and margins, guiding for 4-6% revenue growth and 26-28% gross margin in Q4.
Semiconductor Manufacturing International Corporation (SMIC), a leading wafer foundry in mainland China, released its unaudited results for the three months ended September 30, 2026, on November 13, 2026. The company reported sales revenue of $3.19 billion for the third quarter, up 6.1% quarter-over-quarter and 33.9% year-over-year. The gross margin reached 29.9%, an increase of 4.6 percentage points from 25.3% in the second quarter, primarily driven by higher capacity utilization and changes in product mix.
In terms of capacity, SMIC's monthly production capacity increased from 1,096,500 units (equivalent to 8-inch standard logic) in the second quarter to 1,116,750 units in the third quarter. Total wafers sold reached 3,033,683, with a capacity utilization rate of 97.3%. Capital expenditure was $1.094 billion, lower than $1.836 billion in the previous quarter.
For the fourth quarter, management expects revenue to grow 4% to 6% quarter-over-quarter, with a gross margin guidance of 26% to 28%. The company stated it will continue to expand capacity based on customer demand and build a leading position through high-value-added product portfolios.