2025-11-14 00:30Financial Performance - Revenue for Q3 2025 was $2,382 million, up 7.8% QoQ from $2,209 million in 2Q25 and up 9.7% YoY from $2,171 million in 3Q24 [5, 11] - Gross margin was 22.0%, compared to 20.4% in 2Q25 and 20.5% in 3Q24 [6, 12] - Profit from operations was $351 million, compared to $151 million in 2Q25 and $170 million in 3Q24 [7, 13] - Profit attributable to SMIC was $192 million, compared to $132 million in 2Q25 and $149 million in 3Q24 [8, 14] - EBITDA was $1,430 million, compared to $1,129 million in 2Q25 and $1,157 million in 3Q24 [9, 15] Capital Structure and Cash Flow - Total cash on hand was $11,385 million as of September 30, 2025 [18] - Net cash generated from operating activities was $941 million for the three months ended September 30, 2025 [22] Revenue Breakdown - China accounted for 86.2% of total revenue in 3Q25 [26] - 12-inch wafers accounted for 77.0% of wafer revenue in 3Q25 [32] Capacity and Utilization - Monthly capacity reached 1,022,750 (standard logic 8-inch equivalent wafers) in 3Q25 [36] - Utilization rate was 95.8% in 3Q25 [36] Guidance - Revenue for 4Q 2025 is expected to be flat to +2% QoQ [40] - Gross margin for 4Q 2025 is guided to be between 18% and 20% [40]