September 24, 2026

SMIC stock

SMIC Stock 2026: Revenue Jumps 36% as AI Demand Tightens Capacity — Is China’s Chip Champion Worth 63x Earnings?

SMIC Q2 revenue rose 36% to $3.01B, gross margin improved to 25.3% and utilization reached 93.7%. But at roughly 63x earnings, is China’s top foundry already too expensive?

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