SMIC Reports 2018 Third Quarter Results

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Go back to SMIC Reports 2018 Third Quarter Results

Semiconductor Manufacturing (SMI) Reports Q3 Slight Miss on Revenues

November 7, 2018 7:11 AM EST

Semiconductor Manufacturing (NYSE: SMI) reported Q3 revenue for the quarter at $850.7 million versus the consensus estimate of $850.78 million.

Third Quarter 2018 Highlights

Revenue was $850.7 million in 3Q18, compared to $890.7 million ($837.9 million, excluding technology licensing revenue) in 2Q18 and $769.7 million in 3Q17.Gross profit was $174.5 million in 3Q18, compared to $217.8 million ($165.0 million, excluding technology licensing revenue) in 2Q18 and $177.3 million in 3Q17.Gross margin was 20.5% in 3Q18, compared to 24.5% (19.7%,... More