---
title: "Goldman Sachs: Maintains Buy Rating on SMIC"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265818204.md"
description: "Goldman Sachs maintains a buy rating on SMIC, with a target price of HKD 117 and RMB 211. Goldman Sachs pointed out that SMIC's revenue and gross margin in the third quarter exceeded market expectations, while the fourth quarter revenue forecast is basically in line with market expectations. Goldman Sachs is optimistic about SMIC's long-term growth driven by the increase in local customer demand and opportunities related to artificial intelligence"
datetime: "2025-11-14T00:52:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265818204.md)
  - [en](https://longbridge.com/en/news/265818204.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265818204.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265818204.md) | [繁體中文](https://longbridge.com/zh-HK/news/265818204.md)


# Goldman Sachs: Maintains Buy Rating on SMIC

Goldman Sachs: SMIC's third-quarter revenue exceeded market expectations and also surpassed management's quarterly forecast of 5%-7%; the gross margin was also higher than guidance (18%-20%) and expectations. SMIC's fourth-quarter revenue forecast is +0% to +2%, which is basically in line with market expectations. With the growing demand from local customers and opportunities related to artificial intelligence, the company's long-term growth is optimistic. Maintaining a buy rating, with a target price of HKD 117 and RMB 211

### Related Stocks

- [SMIC (688981.CN)](https://longbridge.com/en/quote/688981.CN.md)
- [SMIC (00981.HK)](https://longbridge.com/en/quote/00981.HK.md)

## Related News & Research

- [Semiconductor Manufacturing International (0981): New Buy Recommendation for This Technology Giant](https://longbridge.com/en/news/278340633.md)
- [Forterro CEO: AI-driven Fears an Overreaction](https://longbridge.com/en/news/281030918.md)
- [Huawei's cloud computing revenue dropped in 2025 as Chinese AI lagged US rivals](https://longbridge.com/en/news/281185071.md)
- [Tech Down on AI Financing Fears -- Tech Roundup](https://longbridge.com/en/news/280375432.md)
- [Economist: AI bubble has popped, but a rarer AI bubble grows](https://longbridge.com/en/news/281032131.md)