SMIC stock heads into results as profit is expected to double

Semiconductor Manufacturing International Corporation is heading into its third-quarter results with analysts expecting another record quarter for the Chinese wafer foundry. The company is scheduled to publish its unaudited figures after trading on Thursday, November 12.

According to MarketWatch, a Visible Alpha poll of 13 analysts points to third-quarter net profit of 396.8 million US dollars. Revenue is expected at 3.12 billion US dollars, which would represent growth of 31 percent from a year earlier and 3.65 percent from the previous quarter.

Margins And Demand In Focus

The projected gross margin is 26.9 percent, within SMIC's guidance range of 26 percent to 28 percent. Investors will assess whether wafer price increases continue to support profitability and whether higher sales are translating into durable earnings growth.

MarketWatch also cited stronger demand for AI peripheral chips, server networking products and consumer electronics. The report said SMIC's global foundry share rose to 5.4 percent in the second quarter from 5.0 percent previously, according to TrendForce data, bringing the company closer to Samsung's 5.9 percent share.

Management's comments will be important beyond the September quarter. The market is likely to focus on order visibility, pricing, capacity utilization and the sustainability of AI-related demand as semiconductor investors reassess the returns on aggressive technology spending.

Next Reporting Milestone

The third-quarter figures will cover the three months ended September 30, 2026. The release should give investors a fresh indication of whether SMIC can extend the revenue momentum reported in the second quarter and maintain the recent improvement in profitability.

For broader semiconductor developments, see Current market reports.