SMIC reported record Q1 2026 revenue of $2.505 billion, up 11.5% YoY. Gross margin rose to 20.1% , up 0.9 percentage points sequentially.

Consumer electronics remained the largest segment at 46.2%. Industrial & automotive share increased to 14.0% . China region revenue share jumped to 88.9% . 12-inch wafers contributed 76.4% of total.

Monthly capacity reached 1.078 million (8-inch equivalent) . Utilization stayed high at 93.1% . R&D investment was $187 million.

For Q2, SMIC guides revenue up 14–16% sequentially and gross margin of 20–22% , citing strong customer demand and solid order books.

ICgoodFind : Record Q1 and a strong Q2 outlook confirm SMIC’s rising role in China’s foundry market, driven by local demand and mix improvement.