SMIC shares slump as cautious outlook eclipses strong Q1 results By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2025
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Source: Investing.com
Company Performance: Semiconductor Manufacturing International Corp (SMIC) reported a 161.9% increase in first-quarter net profit to $188 million, but this fell short of analysts' expectations, leading to a nearly 7% decline in share price.
Future Outlook: Co-CEO Zhao Haijun expressed concerns over trade tariffs affecting demand and forecasted a revenue decline of 4% to 6% for the second quarter, while the company plans to invest over $7 billion to expand capacity despite ongoing U.S.-China trade tensions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
