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Semiconductor Manufacturing International Corporation reported solid financial performance for 2025, reflecting continued momentum in global semiconductor demand and strategic capacity expansion.
Revenue increased by 16.2% year-over-year to US$9.33 billion, while gross margin improved from 18.0% to 21.0%. Profit attributable to shareholders rose significantly by 39.0% to US$685 million, and EBITDA grew 20.0% to US$5.26 billion, indicating stronger operational efficiency despite ongoing depreciation pressures.
Operationally, SMIC achieved a major milestone by surpassing 1 million 8-inch equivalent wafers per month in capacity, with utilization rates rising to 93.5%. This reflects robust demand, particularly from high-growth sectors such as artificial intelligence, data centers, and automotive electronics.
From a strategic standpoint, SMIC continued to reinforce its position as the world’s second-largest pure-play foundry, supported by steady capacity expansion and increased localization demand in China’s semiconductor ecosystem. The company also advanced key structural initiatives, including investments and partnerships aimed at strengthening its long-term manufacturing and technology base.
Technology development remained a priority, with R&D spending reaching US$774 million (8.3% of revenue). Efforts focused on process optimization, product upgrades, and deeper collaboration across the semiconductor value chain, including advanced packaging capabilities.
Looking ahead, SMIC highlighted 2026 as a critical year, with a focus on scaling technology, improving operational efficiency, managing costs, and capturing growth opportunities in AI-driven and high-performance applications.
From a market perspective, SMIC’s results underline the continued strength of mature and mid-to-advanced node demand, particularly in power, automotive, and industrial segments. At the same time, high utilization and sustained investment signal ongoing supply-demand tightness in certain technology nodes, reinforcing the importance of regional manufacturing capacity in the evolving global semiconductor landscape.
Original – SMIC
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Semiconductor Manufacturing International Corporation has announced its consolidated financial results for the third quarter ended September 30, 2025.
Third Quarter 2025 Highlights:
- Revenue reached $2,381.8 million, an increase from $2,209.1 million in Q2 2025 and $2,171.2 million in Q3 2024.
- Gross profit was $522.8 million, compared to $449.8 million in the previous quarter and $444.2 million in the same period last year.
- Gross margin rose to 22.0%, up from 20.4% in Q2 2025 and 20.5% in Q3 2024.
- Capacity utilization rate improved to 95.8%, increasing by 3.3 percentage points sequentially.
According to unaudited figures, revenue for the first three quarters of 2025 totaled $6,838 million, marking a 17.4% increase compared to the same period in 2024. The gross margin for the nine-month period reached 21.6%, up 5.3 percentage points year-over-year.
Outlook for Q4 2025:
SMIC expects revenue to remain flat or increase by up to 2% quarter-over-quarter. The gross margin is projected to range from 18% to 20%, reflecting continued efforts to optimize operations amid evolving market conditions.
Management attributed the strong third-quarter performance to sustained customer demand and efficient utilization of manufacturing capacity. The company continues to monitor global market trends and remains focused on operational excellence to support long-term growth.
Original – Semiconductor Manufacturing International Corporation
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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
