On May 14, SMIC International, a leading foundry in Chinese Mainland, released its first quarter financial report of 2026. The sales revenue of a single quarter reached a new record of 2.505 billion US dollars, an increase of 11.5% year on year and a gross profit margin of 20.1%.

Detailed explanation of financial report: Capacity utilization rate remains high

In the first quarter of SMIC, by application classification, the revenue proportion was as follows: smartphone 18.9%, computer and tablet 13.6%, consumer electronics 46.2%, internet and wearable 7.3%, and industrial and automotive proportion continued to increase to 14.0%. Looking at the proportion of revenue contribution from various regions, the proportion of revenue from China has increased to 88.9%; The proportion of the United States region is 9.3%, and the proportion of the Eurasian region is 1.8%.

Classified by wafer size, the revenue share of 12 inch wafers in the first quarter was 76.4%, and the revenue share of 8-inch wafers was 23.6%. In terms of production capacity, SMIC's monthly production capacity has increased from 1.02275 million pieces equivalent to 8-inch standard logic in the fourth quarter of 2025 to 1.07825 million pieces equivalent to 8-inch standard logic in the first quarter of 2026. In the first quarter, the sales of wafers reached 2.509 million pieces, equivalent to 8-inch standard logic, and the capacity utilization rate remained high at 93.1%, a year-on-year increase of 9.5%.

In the first quarter of 2026, SMIC's capital expenditure was $1.5628 billion, of which $1.87 was for research and development expenses. Q2 revenue increased by 14% to 16% month on month, making overall operations more optimistic this year.

The management of SMIC stated that in the first quarter, the company achieved sales revenue of 2.505 billion US dollars, a month on month increase of 0.7%; The gross profit margin was 20.1%, an increase of 0.9 percentage points compared to the previous period. Looking ahead to the second quarter, SMIC's revenue guidance is for a month on month growth of 14% to 16%, with a gross profit margin guidance of 20% to 22%, an increase of 2 percentage points compared to the previous quarter's guidance.

Based on customer demand and current order situation, the management team is more optimistic about the overall operational situation this year compared to the previous quarter. SMIC will closely track customer needs, flexibly allocate resources, accelerate product response speed, and ensure high-quality delivery in complex environments.

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