SMM News: on the evening of Aug. 8, SMIC reported revenue of $790.9 million for the second quarter of 2019, compared with $668.9 million in the previous quarter and $890.7 million a year earlier.
Second quarter results:
Revenue was $790.9 million, compared with $668.9 million in the previous quarter and $890.7 million a year earlier (excluding $837.9 million in technology licensing revenue).
Gross profit was $151.2 million, compared with $122.1 million in the previous quarter and $217.8 million a year earlier (excluding technology licensing revenue of $165 million).
Gross margin was 19.1%, compared with 18.2% in the previous quarter and 24.5% a year earlier (excluding technology licensing revenue of 19.7%).
Outlook for the third quarter:
Revenue will grow 0% to 2% month-on-month; excluding technology licensing revenue, revenue will grow 2% to 4% month-on-month.
Gross profit margins will reach 19% to 21%;
Based on non-US 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.
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