SMIC Q3 revenue rises 34% YoY to ~$3.19B as net profit more than doubles

SMIC reported Q3 revenue up 34% year over year to about $3.19B and net profit up 123% to about $428.4M, beating estimates of ~$396.8M. Gross margin came in at 29.9%, above its 26%–28% guidance.

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1. 2026-11-12 10:55 · Techmeme
   SMIC reports Q3 revenue up 34% YoY to ~$3.19B, net profit up 123% to ~$428.4M, above ~$396.8M est., and a gross margin of 29.9%, above its 26% to 28% guidance