SMIC 1Q26- revenue up 1% q/q and 12% y/y to $2.5B;

2026.05.15 12:37

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 revenue to grow 15% q/q

- 1.1M wafer shipments at $2.1k ASP

- CY26 capex tracking 10% higher y/y; $8.1B capex in ’25

Source: Sravan Kundojjala

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