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SMIC reports 161.9% Q1 profit surge, falls short of analysts’ expectations

Published 08/05/2025, 12:48
SMIC reports 161.9% Q1 profit surge, falls short of analysts’ expectations
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Investing.com -- Semiconductor Manufacturing International Corp (SMIC), the largest contract chip maker in China, has reported a substantial rise in its first-quarter profit. The profit attributable to SMIC owners increased by 161.9% year-on-year.

According to data from the London Stock Exchange Group (LON:LSEG), the profit for the March quarter reached $188 million.

However, this figure didn’t meet analysts’ expectations, which were set at $222.4 million. In addition to this, SMIC’s first-quarter revenue also saw an increase of 28.4%, amounting to $2.2 billion.

This, too, fell short of market expectations, which were set at $2.3 billion, according to LSEG data.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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