SMIC 1Q26
- revenue up 1% q/q and 12% y/y to $2.5B; 10 straight quarters of y/y growth in revenue and wafer shipments; 20.1% GM due depreciation load- 93% utilization rate (slightly down q/q); QJun rev.........
0515 | Dolphin Research Focus: 🐬 Macro/Industry 1) Today is Jerome Powell's final day as Fed Chair, and Kevin Warsh begins his first term. On the same day, Governor Stephen Miran tendered his resigna...
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The following is Dolphin Research's transcript of SMIC's FY26Q1 earnings call; for our take, see 'Price hikes on one hand, new narratives on the other — is SMIC about to surge?'. I. $SMIC(00981.HK) re...
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: SMIC SAID ITS OVERSEAS ORDERS INCREASED AS AI BOOM LED TO CAPACITY SHORTAGE IN OVERSEAS MARKETS - $Taiwan Semiconductor(TSM.US) $NVIDIA(NVDA.US) $AMD(AMD.US)
SMIC (0981.HK/688981.SH) posted its Q1 2026 results after the HK close on May 14 (Beijing time). The quarter covered the period ended Mar 2026. Key takeaways: 1) Headline results:
$SMIC(00981.HK) repor...
+6
still holding these
SMIC 1Q26 First Take: Results were solid. Revenue was roughly in line with the Street, while GPM beat meaningfully.
On margin drivers, ASP rose by approx. $9/wafer QoQ, while unit cost fell by $2/wafe......
The bond market is sending a different signal: April PPI hit 6% (a 3-year high), 30-year Treasury yields broke 5%, and Warsh was confirmed as Fed Chair.
With 30-year bond yields rising, can investing i...
The market looks so strong but when you look deeper, it’s all on the surface. Only a few names are carrying the market and it’s quite easy to actually prop them up. I am staying defensive.
The market does look unstoppable isn’t it? It keeps going up and up. Think again coz that’s what the headlines want you to believe. Smart money needs lots of exit liquidity because that’s how inflated...