Earnings Alerts

Semiconductor Manufacturing International Corp (SMIC) (981) Earnings Fall Short of Estimates Despite Revenue Surge

By February 11, 2025 No Comments
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  • SMIC’s fourth-quarter net income was $107.6 million, which is a decrease of 38% year over year and below the estimated $201.7 million.
  • Revenue increased by 32% year over year to $2.21 billion.
  • The gross margin improved to 22.6%, surpassing the estimate of 19.1% and last year’s 16.4%.
  • Capital expenditure for the quarter stood at $1.66 billion.
  • Research and development expenses rose by 15% year over year to $217.0 million, exceeding the estimate of $201.3 million.
  • First quarter 2025 forecast suggests a gross margin range of 19% to 21%, above the estimated 18.4%.
  • The revenue for the first quarter of 2025 is expected to increase by 6% to 8% quarter over quarter.
  • By the end of 2024, monthly capacity reached 948,000 standard logic 8-inch equivalent wafers.
  • Total wafer shipments surpassed 8 million, with an annualized capacity utilization rate of 85.6%.
  • The company expects 2025 revenue growth to be higher than the industry average, assuming no significant external changes.
  • Capital expenditure is expected to remain flat compared to the previous year.
  • Stock analysts’ ratings show 17 buys, 7 holds, and 5 sells.

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Semiconductor Manufacturing International Corp (SMIC) on Smartkarma



Analyst coverage of Semiconductor Manufacturing International Corp (SMIC) on Smartkarma reveals a mix of sentiments from different analysts. David Mudd‘s report on January 25 highlights positive market breadth, with SMIC benefiting from AI advancements and the localization trend in the semiconductor industry. Sunny Optical shares also benefit from a new subsidy program, contributing to the overall positive sentiment in the sector.

On the other hand, Nicolas Baratte‘s report takes a bearish stance, raising concerns about Chinese foundries, including SMIC, outperforming with poor margins and facing inventory risks. Despite this, Patrick Liao‘s analysis presents a more optimistic view, forecasting steady revenue growth for SMIC with a focus on AI and capacity expansion. Travis Lundy‘s insights also reflect positive sentiment, with significant buying activity in the tech sector, including investments in companies like SMIC, signaling a bullish trend in the market.



A look at Semiconductor Manufacturing International Corp (SMIC) Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Semiconductor Manufacturing International Corp (SMIC) appears to have a promising long-term outlook. With strong scores in Value, Growth, Resilience, and Momentum, the company seems well-positioned for future success in the semiconductor industry. A score of 5 in Momentum indicates that SMIC is showing significant positive momentum in the market, which could translate into continued growth and performance.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry worldwide, providing various integrated circuit foundry and technology services. Their focus on design, manufacturing, packaging, and sale of integrated circuits positions them as a key player in the industry. With solid scores across multiple factors, SMIC’s overall outlook suggests a positive trajectory for the company’s future performance and potential growth.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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