SMIC FY26 H1 profit attributable to owners more than doubles to USD 676.65 million; revenue rises 23.7% to USD 5.51 billion
SOXX•First-half results strengthen on higher shipments and pricing
SMIC reported IFRS revenue of USD 5.51 billion, up 23.7% year over year.
Profit attributable to owners climbed to USD 676.65 million, more than doubled; basic EPS rose to USD 0.08 from USD 0.04.
Margins and cash flow improved while investment outflows increased
Gross margin widened to 22.9% from 21.4%; net margin expanded to 17.5% from 10.5%.
Operating cash flow surged to USD 3.21 billion, up 252.7%; net cash used in investing deepened to USD 3.97 billion.
Management cited higher wafer shipments, higher average selling price, and product mix changes; the second-half outlook remained optimistic on AI-driven demand.
