Goldman Sachs raises SMIC stock target from HKD 135 to HKD 153

Published on 10/23/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMIC stock enters its next report with revenue guided 2 to 4 percent higher. Second-quarter revenue was USD 3.01 billion, up 36.00 percent year on year.

Analyst view and operating scale

Goldman Sachs raised its SMIC target from HKD 135 to HKD 153 on October 22, 2026.
Second-quarter revenue reached USD 3.01 billion and profit attributable to shareholders was USD 479.2 million.
Third-quarter results are scheduled for November 13, 2026.

SMIC, KYG8020E1199, Illustration mit AI erstellt.

SMIC (ISIN KYG8020E1199) drew a higher valuation target from Goldman Sachs, which raised its target from HKD 135 to HKD 153 on October 22, 2026. The bank kept its Buy rating as it cited capacity expansion, generative artificial intelligence demand and stronger local supply-chain demand, GMT EIGHT reported.

Goldman sees more upside

The target revision reflects expectations that SMIC can sustain higher wafer pricing while expanding production. Goldman Sachs said monthly capacity could reach 1.097 million 8-inch-equivalent wafers in the second quarter of 2026, up from 1.08 million in the first quarter, according to GMT EIGHT.

Three milestones frame the story

On August 14, 2026, SMIC reported second-quarter revenue of USD 3.01 billion and profit attributable to shareholders of USD 479.2 million. On October 2, 2026, its third-quarter guidance called for revenue growth of 2 to 4 percent quarter on quarter. On October 22, 2026, Goldman Sachs raised its target from HKD 135 to HKD 153, with all three developments documented by Simply Wall St and GMT EIGHT.

What does the target lift change?

The operating evidence explains why the analyst view has improved, but it also leaves execution central. Second-quarter revenue rose 36.00 percent from the year-earlier period, while profit attributable to shareholders increased 262.00 percent to USD 479.2 million, according to Simply Wall St. Higher capacity and pricing support the earnings case, while heavy expansion spending remains an important counter-factor.

Next results arrive November 13

SMIC is scheduled to report third-quarter 2026 results on November 13, 2026. The release should provide the next quantified test of the 2 to 4 percent revenue outlook and the capacity ramp described by Simply Wall St.

Stock context for investors

SMIC trades on the Hong Kong Stock Exchange under ticker 981. The HKEX quote was HKD 46.84 on October 22, 2026, against a 52-week range of HKD 46.64 to HKD 93.00. That spread places the operating update against a market valuation that still reflects a demanding test of capacity, pricing and execution.