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© TSMC Electronics Production | July 15, 2022

TSMC increase second quarter revenue by 43,5%

“Our second quarter business was supported by HPC, IoT and Automotive-related demand,” said Wendell Huang, VP and Chief Financial Officer of TSMC, in a company report.

TSMC yesterday today announced consolidated revenue of NT$534.14 billion, net income of NT$237.03 billion, and diluted earnings per share of NT$9.14 (US$1.55 per ADR unit) for the second quarter ended June 30, 2022.

Year-over-year, second quarter revenue increased 43.5% while net income and diluted EPS both increased 76.4%. Compared to first quarter 2022, second quarter results represented an 8.8% increase in revenue and a 16.9% increase in net income. 

In US dollars, second quarter revenue was $18.16 billion, which increased 36.6% year-over-year and increased 3.4% from the previous quarter.

Gross margin for the quarter was 59.1%, operating margin was 49.1%, and net profit margin was 44.4%.

In the second quarter, shipments of 5-nanometer accounted for 21% of total wafer revenue; 7- nanometer accounted for 30%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 51% of total wafer revenue.

Moving into third quarter 2022, we expect our business to be supported by continued demand for our industry leading 5nm and 7nm technologies, said Wendell Huang, VP and Chief Financial Officer of TSMC, in the company report. 

Based on the Company’s current business outlook, management expects the overall performance for third quarter 2022 to be as follows:

Revenue is expected to be between US$19.8 billion and US$20.6 billion; And, based on the exchange rate assumption of 1 US dollar to 29.7 NT dollars. Gross profit margin is expected to be between 57.5% and 59.5%; Operating profit margin is expected to be between 47% and 49%.

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August 09 2022 1:05 am V20.7.2-2