Semiconductor Manufacturing International Corporation, better known as SMIC, just posted quarterly numbers that made analysts look like they brought a calculator to a supercomputer fight. The Chinese chipmaker reported Q2 2026 net profit attributable to shareholders of $479.2 million, more than tripling year-over-year and nearly doubling the $253 to $257 million range that analysts had penciled in.
The driving force behind the blowout quarter: relentless demand for AI-related chips.
The numbers that matter
SMIC’s gross margin came in at 25.3%, handily beating the 21.4% that analysts expected.
Looking ahead, SMIC guided for sequential revenue growth of 2% to 4% in Q3 2026.
