TSM
$87.20
Taiwan Semiconductor ADR
($2.07)
(2.32%)
Earnings Details
2nd Quarter June 2022
Thursday, July 14, 2022 5:00:00 AM
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Summary

Taiwan Semiconductor ADR Beats

Taiwan Semiconductor ADR (TSM) reported 2nd Quarter June 2022 earnings of $1.55 per share on revenue of $18.2 billion. The consensus earnings estimate was $1.50 per share on revenue of $18.3 billion. The Earnings Whisper number was $1.50 per share. Revenue grew 36.6% on a year-over-year basis.

The company said it expects third quarter revenue of $19.80 billion to $20.60 billion. The current consensus revenue estimate is $19.34 billion for the quarter ending September 30, 2022.

Taiwan Semiconductor Manufacturing Co Ltd engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, it also manufactures masks.

Results
Reported Earnings
$1.55
Earnings Whisper
$1.50
Consensus Estimate
$1.50
Reported Revenue
$18.16 Bil
Revenue Estimate
$18.31 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

TSMC Reports Second Quarter EPS of NT$9.14

HSINCHU, Taiwan, R.O.C., Jul. 14, 2022 -- TSMC (TWSE: 2330, NYSE: TSM) 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. All figures were prepared in accordance with TIFRS on a consolidated basis.

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.

“Our second quarter business was supported by HPC, IoT and Automotive-related demand,” said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving into third quarter 2022, we expect our business to be supported by continued demand for our industry-leading 5nm and 7nm technologies.”

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%.


For the full earnings release, please go here.