$SMIC Q2 BEATS BIG, GOLDMAN RAISES THE BAR TO HK$135 đŻđ„
Target: HK$135 đ
The semiconductor heavyweight just served a clean beat. Q2 revenue hit $3B â up 36% year-on-year and 20% quarter-over-quarter, blowing past both the bank's and the market's models. Gross margin landed at 25.3% like a precision strike, far above the 21% consensus. That's not noise â that's pricing power.
Management guided Q3 revenue up another 2-4% sequentially, while the gross margin band of 26-28% puts every forecast to shame. Goldman sees local fabless demand and AI fueling the engine, keeping a buy rating with a HK$135 target. The bull case just got thicker.
With gross margins climbing this fast, is the market underpricing SMIC's AI exposure?
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #SMIC #Semiconductor #AI #Stocks #Q2Earnings
đđ«Ą
Target: HK$135 đ
The semiconductor heavyweight just served a clean beat. Q2 revenue hit $3B â up 36% year-on-year and 20% quarter-over-quarter, blowing past both the bank's and the market's models. Gross margin landed at 25.3% like a precision strike, far above the 21% consensus. That's not noise â that's pricing power.
Management guided Q3 revenue up another 2-4% sequentially, while the gross margin band of 26-28% puts every forecast to shame. Goldman sees local fabless demand and AI fueling the engine, keeping a buy rating with a HK$135 target. The bull case just got thicker.
With gross margins climbing this fast, is the market underpricing SMIC's AI exposure?
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #SMIC #Semiconductor #AI #Stocks #Q2Earnings
đđ«Ą