China's Taiwan semiconductor giant TSMC
TSMC announced on on October 13, 2022 that in the third quarter ended September 30, 2022, the company's consolidated revenue was NT$ NT$ 613.14 billion, net profit was NT$ 280.87 billion, and the diluted earnings per share was NT$ 10.83 (US$ 1.79), an increase of 79.8%. Compared with the second quarter of 2022, the third quarter results represented revenue growth of 14.8% and net revenue growth of 18.5%. All data are compiled under TIFRS merge.
was in US dollars, and its revenue in the third quarter was US$20.23 billion, a year-on-year increase of 35.9% and a month-on-month increase of 11.4%.
Gross profit margin for the quarter was 60.4%, operating profit margin for the year 50.6%, and net profit margin for 45.8%.
In the third quarter, 5-nanometer shipments accounted for 28% of the total revenue of wafers and 7-nanometers accounted for 26%. Advanced technologies (defined as 7nm and more) account for 54% of total wafer revenue.
TSMC Vice President and Chief Financial Officer Huang Wende said strong demand for TSMC's industry-leading 5nm technology supports their business in the third quarter, and the business is expected to remain flat in the fourth quarter of 2022 as terminal market demand weakens and customers' continued inventory adjustments are balanced by the company's industry-leading 5nm technology.
According to the company's current business prospects, management expects overall performance in the fourth quarter of 2022 as follows:
- revenue is expected to be between US$19.9 billion and US$20.7 billion;
and, assuming exchange rate of 1 USD to NT$31.5,
- gross profit margin is expected to be between 59.5% and 61.5%;
- operating profit margin is expected to be between 49% and 51%.
TSMC's third quarter integration results
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