Semiconductor Manufacturing International Corporation, one of the leading semiconductor foundries in the world, announced its consolidated results of operations for the three months ended March 31, 2025.
First Quarter 2025 Highlights
- Revenue was $2,247.2 million in 1Q25, compared to $2,207.3 million in 4Q24, and $1,750.2 million in 1Q24.
- Gross profit was $505.9 million in 1Q25, compared to $499.0 million in 4Q24, and $239.7 million in 1Q24.
- Gross margin was 22.5% in 1Q25, compared to 22.6% in 4Q24 and 13.7% in 1Q24.
The following statements are forward looking statements based on current expectations and involved risks and uncertainties.
Second Quarter 2025 Guidance
The Company expects (in accordance with IFRSs):
- Revenue to decrease by 4% to 6% QoQ.
- Gross margin to range from 18% to 20%.
Management Comments
In the first quarter, the Company achieved total revenue of $2,247 million, up 1.8% sequentially; gross margin was 22.5%, remaining roughly flat sequentially; the capacity utilization rate increased by 4.1 percentage points sequentially to 89.6%.
The Company’s second quarter guidance is as follows: revenue is expected to decrease 4% to 6% sequentially, and the gross margin is expected to be in the range of 18% to 20%.
The Company believes that the second half of the year presents both opportunities and challenges. The Company will enhance its adaptability and risk resilience capability. The Company’s top priority remains as strategic focus on its core business and near-term deliverables.
Original – SMIC