Semiconductor Manufacturing (SMI) Reports Q3 Slight Miss on Revenues

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Go back to Semiconductor Manufacturing (SMI) Reports Q3 Slight Miss on Revenues

SMIC Reports 2018 Third Quarter Results

November 7, 2018 7:08 AM EST

SHANGHAI, Nov. 7, 2018 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended September 30, 2018.

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%, excluding... More