Semiconductor Manufacturing International (981) Q3 2026 earnings summary

Executive summary

• 3Q26 revenue was $3.190bn, up 6.1% QoQ and 33.9% YoY; gross margin rose to 29.9% from 25.3% QoQ and 22.0% YoY.

• Higher wafer shipments, utilization and a favorable product mix supported sequential growth and margin improvement.

Financial highlights

• Revenue was $3,190.0m; gross profit was $953.2m, up 25.3% QoQ and 82.3% YoY.

• Operating profit was $710.1m, up 32.9% QoQ and 102.3% YoY; operating expenses rose 7.4% QoQ to $243.1m.

• Net income was $650.9m, down 11.2% QoQ and up 106.3% YoY; profit attributable to owners was $428.4m.

• Basic EPS was $0.05 and diluted EPS was $0.06; other income shifted from a $275.9m gain in 2Q26 to a $32.1m loss in 3Q26.

Outlook and guidance

• 4Q26 revenue is expected to increase 4%–6% sequentially; gross margin guidance is 26%–28%.

• Capacity expansion in response to customer demand, premium-product mix and operational resilience are strategic priorities.