TSMC Upgrades Q4 Earnings After Posting a 16.3% Increase in Q3 Revenue

TSMC Upgrades Q4 Earnings After Posting a 16.3% Increase in Q3 Revenue

(TSMC) TSMC reported a third quarter revenue of NT$414.67 billion, up 16.3% year over year and an 11.4% jump from the previous quarter.

Net income was NT$156.26 billion or earnings per share of NT$6.03, up 13.8% year over year and 16.3% quarter over quarter.

The company reported a gross margin of 51.3% and an operating margin of 41.2%. The net profit margin was 37.7%.

TSMC now projects revenue of between NT$431.2 billion and NT$439.6 billion in the fourth quarter.

The gross profit margin is expected in the range of 51% to 53%. The operating profit margin is projected to be between 39% and 41%.

2330: TPE is up +0.35%.

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