{
  "id": 19742941,
  "title": "SMIC shares rise nearly 5% after third-quarter earnings beat estimates",
  "url": "https://urgent.news/2026/11/13/smic-shares-rise-nearly-5-after-third-quarter-earnings-beat-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T02:11:15.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/smic-shares-rise-nearly-5-after-thirdquarter-earnings-beat-estimates-5023935"
  },
  "original_language": "en",
  "account": null,
  "summary": "Shares of Semiconductor Manufacturing International Corp (SMIC) surged nearly 5% following the release of its third-quarter earnings, surpassing market expectations. The Chinese chipmaker reported a significant increase in net profit attributable, rising 123.4% year-on-year to $428.4 million, which exceeded the LSEG analyst consensus of $418.4 million. Additionally, revenue grew by 33.9% to $3.19 billion, surpassing the estimated $3.09 billion. Gross profit expanded by 82.3% to $953.2 million, and the gross margin improved to 29.9%, up from 22% the previous year and 25.3% in the prior quarter. This positive performance was driven by higher wafer shipments, which increased by 5.7% sequentially to 3.03 million eight-inch equivalent wafers, and improved factory utilization, which rose to 97.3% from 93.7% in the second quarter. SMIC's revenue in China accounted for 90.8% of total earnings, highlighting the company's heavy reliance on its domestic market. The company anticipates a 4% to 6% sequential revenue increase for the fourth quarter, with a gross margin forecast between 26% and 28%, slightly below the 29.9% achieved in the third quarter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}