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SMIC Co-CEO 赵海军: Revenue Expected to Exceed $12 Billion in 2026 as Global Equipment Lead Times Lengthen

Source: IT之家 Published: Business & Funding 中文 CEO
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SMIC Co-CEO 赵海军 said Q4 is traditionally a slow season for the industry, but the company's performance will not be weak in this slow season. Although some consumer orders in mobile phones have weakened, the company is fully leveraging its multi-platform coordination and allocation capabilities to shift released capacity toward high-demand, high-value-added products such as specialty memory and BCD. The report mentioned that the company expects shipments to remain steady in Q4, with product mix changes and market-based pricing driving up average selling prices and revenue expected to grow 4%-6% quarter on quarter. At the same time, cost pressures from depreciation and raw materials continue to increase, and the company's increased engineering and R&D wafer starts in Q4 will cause capacity utilization to decline slightly on the basis of continued capacity expansion, so the gross margin guidance given is flat versus the previous quarter's guidance at 26%-28%. SMIC Co-CEO 赵海军 said full-year revenue this year is expected to exceed $12 billion (IT Home note: about RMB 80.221 billion at current exchange rates), up nearly 30% year on year. The global equipment supply chain is overall tight

Translation(model translation, not the source's own text)

SMIC Co-CEO 赵海军: Revenue Expected to Exceed $12 Billion in 2026, Global Equipment Lead Times Lengthen

IT之家 November 13 news — according to a report today by 科创板日报, SMIC Co-CEO 赵海军 said that the fourth quarter is traditionally a slack season for the industry, but the company's performance is not slack in the off-season. Although some consumer orders in the mobile phone segment have weakened, the company has fully leveraged its multi-platform coordination and allocation capabilities to channel the freed-up capacity toward high-requirement, high-value-added products such as specialty memory and BCD.

The report noted that in the fourth quarter the company expects shipments to remain steady, with product mix changes and prices moving with the market driving an increase in average selling prices, and revenue is expected to grow 4%-6% quarter over quarter. At the same time, cost pressures from depreciation and raw materials continue to increase, and the company's increased engineering and R&D wafer starts in the fourth quarter mean capacity utilization will decline slightly on the basis of continued capacity expansion releases, so the gross margin guidance given is flat with the previous quarter's guidance, at 26%-28%.

SMIC Co-CEO 赵海军 said full-year revenue this year is expected to exceed $12 billion (IT之家 note: roughly RMB 80.221 billion at current exchange rates), up nearly 30% from the same period last year. The global equipment supply chain is overall tight with lengthened lead times, and delivery times for some equipment remain uncertain; while this will not affect the implementation of this year's capacity expansion plans, it may disrupt the execution of full-year (next year's) capital expenditure.

IT之家 notes that on November 12 SMIC released its reports for the first three quarters of 2026 (January 2026 - September 2026) and the third quarter of 2026 (July 2026 - September 2026):

First Three Quarters of 2026

  • Total operating revenue: RMB 60.618 billion, up 22.4% year over year
  • Net profit attributable to parent: RMB 7.314 billion, up 91.6% year over year
  • Operating cash flow: RMB 28.625 billion
  • Basic earnings per share: RMB 0.91
  • Diluted earnings per share: RMB 0.91

Third Quarter of 2026

  • Total operating revenue: RMB 21.983 billion, up 28.1% year over year
  • Net profit attributable to parent: RMB 2.847 billion, up 87.6% year over year
  • Operating cash flow: RMB 7.866 billion
  • Basic earnings per share: RMB 0.33
  • Diluted earnings per share: RMB 0.33

Related Articles

  • SMIC's net profit attributable to parent for the first three quarters of 2026 was RMB 7.314 billion, up 91.6% year over year
  • SMIC's net profit attributable to parent for the first half of 2026 was RMB 4.467 billion, up 94.2% year over year
  • SMIC's 赵海军: mobile phone and panel driver products have not seen price increases to date, and these customers are likewise struggling right now
  • SMIC's 赵海军: average wafer selling price rose 5.7% quarter over quarter in Q2, and wafers produced in Q3 have already been priced at the new rates
  • SMIC's net profit attributable to parent for Q2 2026 was $479 million, up 261.7% year over year
  • SMIC's 赵海军: the company is negotiating price increases with customers, and the effect of the increases is gradually showing

The translation is machine-generated and individual terms may be off. Nothing is rewritten or cut; the original is authoritative.

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