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SMIC's Zhao Haijun: Average Wafer Price Up 1.8% QoQ in Q3

Source: IT之家 Published: Business & Funding 中文
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At SMIC's Q3 earnings call, co-CEO Zhao Haijun said third-quarter revenue reached a record US$3.19 billion, up 6.1% quarter-on-quarter, as customer demand for AI-supporting chips such as BCD, specialty memory and controllers ramped faster than previously expected, pushing revenue above the upper end of guidance. He said negotiated price adjustments with customers took effect in batches and the product mix continued to improve, lifting the average wafer price by 1.8% quarter-on-quarter. Zhao said full-year revenue is expected to exceed US$12 billion, up nearly 30% year-on-year, while tight global equipment supply and longer lead times, with delivery timing for some tools still uncertain, will not affect this year's capacity expansion plans but may disrupt full-year capex execution next year.

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

SMIC 赵海军: Average wafer price up 1.8% quarter-on-quarter in Q3

IT之家, November 13 — SMIC co-CEO 赵海军 said at the third-quarter earnings call that the company's overall sales revenue hit a new record high of $3.19 billion in Q3 (IT之家 note: about RMB 21.325 billion at current exchange rates), up 6.1% quarter-on-quarter. Compared with three months ago, customers' incremental demand for AI-supporting chips such as BCD, specialty memory, and controllers has been pulled up faster than previously expected, pushing third-quarter revenue above the upper end of guidance.

赵海军 said that from a pricing perspective, the prices negotiated with customers have been implemented in batches, the product mix has continued to optimize, and average wafer unit price rose 1.8% quarter-on-quarter.

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

Key data from SMIC's third-quarter financial report are as follows:

First three quarters of 2026

  • Total operating revenue: RMB 60.618 billion, up 22.4% year-on-year
  • Net profit attributable to parent: RMB 7.314 billion, up 91.6% year-on-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-on-year
  • Net profit attributable to parent: RMB 2.847 billion, up 87.6% year-on-year
  • Operating cash flow: RMB 7.866 billion
  • Basic earnings per share: RMB 0.33
  • Diluted earnings per share: RMB 0.33

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

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