Goldman Sachs raises target for SMIC stock to HKD 153

Published on 10/27/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs lifted its target from HKD 135 to HKD 153 on October 26, 2026. SMIC stock posted 25.30 percent gross margin in the second quarter.

Targets, operations and dates

Goldman Sachs raised its SMIC target from HKD 135 to HKD 153 on October 26, 2026.
Second-quarter revenue reached USD 3.006 billion, while gross margin rose to 25.30 percent.
SMIC is scheduled to publish third-quarter results on November 13, 2026.

SMIC, KYG8020E1199, Illustration mit AI erstellt.

SMIC (KYG8020E1199) received a higher Goldman Sachs target of HKD 153 on October 26, 2026, up from HKD 135, according to GMT EIGHT. The bank maintained its Buy rating as it pointed to capacity expansion, artificial intelligence demand and stronger local supply chains.

Why does the target matter?

SMIC's second-quarter revenue reached USD 3.006 billion, up 36.10 percent from a year earlier, while gross margin rose to 25.30 percent from 20.40 percent. Factories operated at 93.70 percent utilization, and operating cash flow reached USD 2.522 billion, compared with USD 685.00 million in the preceding quarter, according to SnowRock.

The figures explain why the Goldman Sachs view centers on capacity and pricing rather than only on short-term demand. Management's third-quarter outlook called for revenue 2.00 to 4.00 percent above the second quarter and gross margin of 26.00 to 28.00 percent, making the next report a test of whether utilization can stay near the second-quarter level.

Three dated steps for SMIC

On August 13, 2026, SMIC's second-quarter disclosure showed USD 3.006 billion of revenue and a 25.30 percent gross margin, according to SnowRock. On October 13, 2026, the company issued 36,300 ordinary shares after restricted stock units were exercised, according to GMT EIGHT. On October 26, 2026, Goldman Sachs raised its H-share target to HKD 153 from HKD 135.

What comes next for SMIC?

The next dated company milestone is the third-quarter results release scheduled for November 13, 2026, according to Simply Wall St. Investors will have a clear comparison point: the second-quarter revenue base was USD 3.006 billion and the reported gross margin was 25.30 percent.

Hong Kong close frames the setup

SMIC closed at HKD 45.92 on HKEX on October 26, 2026. The gap between that market level and the HKD 153 Goldman Sachs target leaves the upcoming results as the next concrete test of the bank's capacity and margin assumptions.