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Semiconductor Manufacturing International (688981) investor relations material
Semiconductor Manufacturing International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Q3 2025 revenue reached $2.382 billion, up 7.8% sequentially and 9.7% year-over-year, with gross margin at 22.0% and operating profit at $351 million.
EBITDA was $1.43 billion with a 60% margin; net profit attributable to shareholders was $192 million, up 44.7% sequentially.
Profit for the period was $315.5 million, a 115.1% increase sequentially.
Wafer shipments rose to 2.499 million 8-inch equivalents, with utilization at 95.8%.
Revenue by region: China 86.2%, America 10.8%, Eurasia 3.0%; China revenue up 11% sequentially.
Financial highlights
Gross profit was $523 million, up 16.2% sequentially; gross margin improved by 1.6 points to 22.0%.
Operating expenses dropped 42.6% sequentially, mainly due to lower start-up costs.
Research & development expenses increased 11.7% sequentially to $203.1 million.
Net cash from operations was $941 million; net cash used in investing was $2.062 billion.
Capital expenditure for Q3 2025 was $2.394 billion.
Outlook and guidance
Q4 2025 revenue expected to be flat to up 2% sequentially; gross margin guidance is 18–20%.
Full-year revenue projected to exceed $9 billion.
Production lines remain fully loaded, with continued strong demand despite seasonal slowdowns.
Why Q4 gross margin guidance lower than Q3 actual?
What prevents meeting customer shipment needs?
Impact of domestic industrial chain reshuffling?
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Next Semiconductor Manufacturing International earnings date
Q4 202527 Mar, 2026
Next Semiconductor Manufacturing International earnings date
Q4 202527 Mar, 2026
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Frequently asked questions
Semiconductor Manufacturing International Corporation (SMIC) is a leading semiconductor foundry that specializes in the manufacture of integrated circuits (ICs). Founded in 2000 and headquartered in Shanghai, China, SMIC offers comprehensive semiconductor foundry solutions, including IC foundry and technology services, across a wide range of process technologies from mature to leading-edge nodes. As the largest contract chipmaker in mainland China, SMIC plays a crucial role in the global semiconductor supply chain, providing services to customers in diverse sectors such as electronics, telecommunications, and automotive. The company is committed to advancing semiconductor manufacturing capabilities, and supporting the development of the semiconductor industry in China and globally. SMIC is incorporated in the Cayman Islands and its shares are listed on the Shanghai Stock Exchange under the and on the Hong Kong Stock Exchange.
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