On the evening of August 8, SMIC released its second quarter earnings report for 2019 as of June 30, with revenue of $790.9 million, compared to $668.9 million in the previous quarter and $890.7 million in the same period last year.
Second quarter results:
Revenue was $790.9 million, compared to $668.9 million in the previous quarter and $890.7 million in the same period last year (excluding technology-authorized revenues of $837.9 million).
Gross profit was $151.2 million, compared to $122.1 million in the previous quarter and $217.8 million in the same period last year (excluding technology-mandated revenues of $165 million).
Gross profit margin was 19.1%, compared with 18.2% in the previous quarter and 24.5% in the same period of the previous year (excluding 19.5% of technically authorized revenue).
Third Quarter Results Outlook:
Revenue will increase by 0% to 2% quarter-on-quarter; revenues will increase by 2% to 4%, excluding technically authorized revenue;
The gross profit margin will reach 19% to 21%;
Based on non-GAAP, operating expenses will reach $294 million to $300 million;
Non-controlling interests from holding subsidiaries are expected to be between $25 million and $27 million.