Semiconductor Manufacturing (SMI) Tops Q2 EPS by 7c
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SMIC Reports 2016 Second Quarter Results
August 10, 2016 9:03 AM EDTSHANGHAI, Aug. 10, 2016 /PRNewswire/ --Â Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC" or the "Company"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended June 30, 2016.
Second Quarter 2016 Highlights
Revenue was a record high of $690.2 million in 2Q16, an increase of 8.8% QoQ from $634.3 million in 1Q16 and an increase of 26.3% YoY from $546.6 million in 2Q15. Gross margin was 31.6% in 2Q16, compared to 24.2% in 1Q16 and 32.3% in 2Q15. Profit from operations was $115.4 million in... More