SMIC reported Q3 revenue of RMB 21.98 billion, up 28.1% year over year, with net profit surging 87.6%, as China accounted for 90.8% of sales. Co-CEO Zhao Haijun said Chinese customer demand is outpacing overall growth, capacity is shifting toward 12-inch lines, and AI demand could extend the semiconductor upcycle.
Termsslug: 12-inch-wafer
12-inch Wafer
12 英寸晶圆
Mainstream large-format wafer enabling higher die output per wafer, the primary focus of capacity expansion.
Curated Intelligence
IT之家 · IT业界T2·Infra
58 pts
IT之家 · IT业界T2·Infra
62 pts
SMIC reported 60.62 billion yuan in revenue and 7.31 billion yuan in net profit for the first nine months of 2026, up 22.4% and 91.6% year over year, driven by higher wafer shipments, rising utilization and an improved product mix. Third-quarter revenue reached 21.98 billion yuan with net profit of 2.85 billion yuan, as utilization climbed above the prior quarter's 93.7% and 12-inch wafers rose to 78.9% of mix.