Semiconductor Manufacturing International Corp. (SMIC) has released an announcement detailing its performance for the second quarter and its guidance for the third quarter. According to the filing, second-quarter total sales revenue came in at $3 billion, representing an increase of 20% compared with the previous quarter. The company's gross margin reached 25.3%, an improvement of 5.2 percentage points quarter over quarter. For the third quarter, the company said it expects revenue to rise sequentially by 2% to 4%, with gross margin guided in the range of 26% to 28%. Looking ahead to the second half, the company said the industrial push and spillover effects generated by artificial intelligence will continue, bringing broad demand for integrated circuit manufacturing. SMIC also noted that it is flexibly allocating existing capacity and rapidly validating new capacity to help alleviate tightness in the supply chain. Overall, management said it holds an optimistic view on industry trends and the company's development. The announcement was first reported by Cailianshe and carried by Odaily.
Semiconductor Manufacturing International Corp. (SMIC) has released an announcement detailing its second-quarter performance and third-quarter outlook.
Second quarter: $3 billion in revenue, gross margin 25.3%
The company reported total sales revenue of $3 billion for the second quarter, up 20% sequentially. Gross margin came in at 25.3%, up 5.2 percentage points from the previous quarter.
Third-quarter guidance: revenue up 2%-4%, gross margin 26%-28%
For the third quarter, SMIC said it expects revenue to increase 2% to 4% quarter over quarter, and guided gross margin to land between 26% and 28%.
Second-half outlook: AI demand continues to support IC manufacturing
Looking to the second half, the company said the industrial push and spillover effects from artificial intelligence will continue, bringing broad demand for integrated circuit manufacturing. SMIC is flexibly allocating existing capacity and rapidly validating new capacity to help ease supply chain tightness. Overall, management said it remains optimistic about both industry trends and the company's development.
The announcement was reported via Odaily, citing Cailianshe.
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