Tuesday, February 10, 2026 at 10:55 AM
SMIC reported a 60.7% increase in fourth-quarter profit, reaching $172.85 million, and revenue rose to $2.49 billion, surpassing analysts' expectations.
The company posted a second-quarter profit of $3.18 billion, up from $2.43 billion a year earlier.
More supply could come to market in nine months, the chief executive of China’s largest contract chip maker said.
Stripping out certain one-time items, adjusted per-share earnings were $1.53, ahead of the $1.32 anticipated by analysts.
The world’s largest personal-computer maker maintained double-digit revenue growth in its third quarter as device sales remained solid and AI server revenue strengthened.
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