SMIC stock heads into results as profit forecast more than doubles

Semiconductor Manufacturing International Corporation is heading into its third-quarter results with analysts expecting another sharp improvement in profitability. MarketWatch reported on Tuesday, November 10, 2026, that the company is scheduled to publish the figures on Thursday.

A Visible Alpha poll of 13 analysts cited by MarketWatch points to third-quarter net profit of USD 396.8 million, more than double the year-earlier result. Revenue is forecast at USD 3.12 billion, which would be 31 percent above the prior-year quarter and 3.65 percent higher than in the preceding quarter.

Pricing will test profitability

Analysts expect gross margin at 26.9 percent, within SMIC's guidance range of 26 percent to 28 percent. The result will show whether wafer price increases are translating into sustained margin expansion rather than only benefiting a single reporting period.

SMIC's second quarter set a revenue record, while demand for AI peripheral chips, server networking products and consumer electronics supported foundry activity. MarketWatch also reported that co-CEO Zhao Haijun had said price increases contributed more to the improving gross margin than product-mix optimization.

The outlook for orders will be equally important. SMIC has benefited from demand for legacy and specialty semiconductors as AI-related demand tightens capacity across the industry, but investors are also assessing whether elevated semiconductor spending can remain durable.

What investors should watch

The earnings release should provide the next indication of whether SMIC can extend its recent revenue momentum and maintain higher profitability. Management's comments on pricing, utilization and order visibility may shape expectations beyond the September quarter.

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