SMIC Q3 Revenue Expected to Rise 2% to 4% QoQ

SMIC projects Q3 revenue growth of 2%-4% QoQ with gross margin target of 26%-28%, following strong Q2 results and AI-driven demand.

Woofun AI reports that SMIC recorded $3 billion in Q2 revenue, a 20% quarter-on-quarter increase, with a gross margin of 25.3%. The company forecasts Q3 sales to grow by 2% to 4% sequentially, targeting a gross margin between 26% and 28%. SMIC attributes sustained demand to industrial drivers and spillover effects from artificial intelligence. The firm is flexibly allocating existing capacity and testing new lines to mitigate supply chain shortages.