Hong Kong · Delayed Price · Currency is HKD smic Earnings Call Transcripts
Fiscal Year 2026
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Q2 revenue rose 20% sequentially to $3,006M, driven by AI demand and higher wafer shipments. Gross margin improved to 25.3%, and Q3 revenue is guided to grow 2%-4% sequentially with a gross margin of 26%-28%.
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Revenue grew 0.7% sequentially to $2,505M in Q1 2026, with gross margin up to 20.1%. Strong AI-driven demand and price increases are expected to drive 14%-16% sequential revenue growth in Q2, while the company prioritizes capacity expansion and R&D over dividends.
Fiscal Year 2025
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Q4 2025 revenue rose 4.5% sequentially, with full-year revenue up 16.2% to a record $9.33B and gross margin at 21%. 2026 revenue growth is expected to outpace the industry, with continued high capex and rising depreciation likely to pressure margins.
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Q3 revenue rose 7.8% sequentially to $2.382B, with gross margin at 22% and utilization at 95.8%. Q4 revenue is expected to be flat to up 2%, with full-year revenue projected above $9B. Memory supply constraints and strong domestic demand continue to shape outlook.
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Q2 2025 revenue declined 1.7% sequentially, but first half revenue rose 22% year-over-year, with strong growth in automotive and analog chip segments. Q3 revenue is expected to increase 5–7% sequentially, though Q4 visibility remains limited.
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Revenue grew 1.8% sequentially to $2,247 million in Q1 2025, with gross margin at 22.5% and strong growth in industrial and automotive segments. Q2 revenue is expected to decline 4–6% sequentially, with gross margin guidance lowered to 18–20%.
Fiscal Year 2024
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Q4 2024 revenue rose 1.7% sequentially to $2.21B, with full-year revenue up 27% to $8.03B. Strong growth was driven by capacity expansion and product mix optimization, while 2025 guidance anticipates above-industry revenue growth and stable capital expenditure.
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Q3 2024 saw record revenue and improved margins, driven by strong 12-inch capacity ramp and product mix optimization. Full-year revenue is expected to grow 27% year-over-year, with stable margins and continued focus on power device capacity for automotive and industrial markets.
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Second quarter revenue rose 8.6% sequentially to $1.9 billion, with gross margin at 13.9%. Third quarter revenue is expected to grow 13%-15% sequentially, driven by strong demand, tight capacity, and higher ASPs, while annual revenue growth is targeted to exceed the industry average.
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
Fiscal Year 2020
Fiscal Year 2019
Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015
Fiscal Year 2014
Fiscal Year 2013
Fiscal Year 2012
Fiscal Year 2011
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FY2011 revenue fell 15.1% and the year ended with a $274.2M net loss as weak foundry demand pressured margins. Q1 guidance called for 7%–9% revenue growth, while spending centered on customer-led 45/40 nm expansion.