- Strong Net Income: SMIC reported a net income of $164.6 million, significantly beating the estimate of $76.3 million.
- Higher Revenue: The company’s revenue reached $1.90 billion, surpassing the estimated $1.84 billion.
- Better Than Expected Gross Margin: SMIC achieved a gross margin of 13.9%, higher than the 11.3% estimate.
- Capital Expenditure: The company reported capital expenditure amounting to $2.25 billion.
- R&D Expenses: Research and development expenses were reported at $180.7 million, slightly below the estimate of $187.4 million.
- Analyst Ratings: Out of the analysts covering SMIC, there are 14 buyst, 9 holds, and 4 sells.
Semiconductor Manufacturing International Corp (SMIC) on Smartkarma
Analyst coverage of Semiconductor Manufacturing International Corp (SMIC) on Smartkarma reveals a mix of sentiments from various experts. Travis Lundy‘s report titled “A/H Premium Tracker” highlights significant market movements as HK stocks faltered while A-shares thrived. Southbound inflows remained strong, but SOEs didn’t lead as expected, impacting AH premia and relative performance. Patrick Liao‘s analysis, on the other hand, focuses on SMIC’s positive 1Q24 results surpassing expectations, with an optimistic outlook for 2Q24 despite challenges like the EUV machine embargo. Meanwhile, William Keating takes a bearish stance in his report, highlighting fierce competition and sluggish rebound in China’s semi foundry sector, impacting companies like SMIC amid GM pressures and modest growth forecasts for FY24.
These diverse perspectives provide investors with a range of insights into SMIC’s performance and potential future trajectory. While Lundy emphasizes market movements and relative performance trends, Liao sheds light on SMIC’s strong financial results and positive outlook. Keating, however, warns of challenges and competition in the industry that could affect SMIC’s growth prospects in the Year of the Dragon. Investors can leverage these analyst reports on Smartkarma to make informed decisions regarding their investments in Semiconductor Manufacturing International Corp.
A look at Semiconductor Manufacturing International Corp (SMIC) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
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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