SMIC: The guidance for Q1 2026 is for sales revenue to remain flat quarter-on-quarter, with a gross margin between 18% and 20%
Looking ahead to 2026, for SMIC, the opportunities of supply chain reshoring coexist with the challenges brought by the storage supercycle. Considering various factors, the company has provided guidance for the first quarter: sales revenue is expected to remain flat quarter-on-quarter, with a gross margin between 18% and 20%. Assuming no significant changes in the external environment, the company's guidance for 2026 is: sales revenue growth will exceed the average of comparable peers, and capital expenditures will be roughly flat compared to 2025
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