According to a report published by DBS, SMIC's revenue for the second quarter was US$3.01 billion, up 36% year on year, up 20% month on month, and 5% higher than market expectations; the gross profit margin was 25.3%, far exceeding market expectations by about 4 percentage points, benefiting from rising average sales prices, increased capacity utilization, and improved product portfolio. Management expected revenue growth of 2% to 4% month-on-month in the third quarter, with a year-on-year median increase of about 30%, which is generally in line with market expectations; the gross margin guide is 26% to 28%, which is about 4.3 percentage points higher than market expectations. DBS raised SMIC's profit forecast for each year from 2026 to 2028 by 13.4% to 16.5%, and the target price was raised from HK$90 to HK$96, maintaining a “buy” rating.

According to a report published by DBS, SMIC's revenue for the second quarter was US$3.01 billion, up 36% year on year, up 20% month on month, and 5% higher than market expectations; the gross profit margin was 25.3%, far exceeding market expectations by about 4 percentage points, benefiting from rising average sales prices, increased capacity utilization, and improved product portfolio. Management expected revenue growth of 2% to 4% month-on-month in the third quarter, with a year-on-year median increase of about 30%, which is generally in line with market expectations; gross margin guidance is 26% to 28%, which is about 4.3 percentage points higher than market expectations. DBS raised SMIC's profit forecast for each year from 2026 to 2028 by 13.4% to 16.5%, and the target price was raised from HK$90 to HK$96, maintaining a “buy” rating.