technology
TSMC Posts 77% Rise in Second-Quarter Profit, Beats Estimates
Taiwan Semiconductor Manufacturing Co reported net income of NT$706.56 billion for the three months ended in June. Revenue reached NT$1.27 trillion, exceeding analyst forecasts, while the company raised its Arizona investment plans.
Jul 16, 2:57 AM·1m read2 sources
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Taiwan Semiconductor Manufacturing Co reported a 77.4% year-on-year increase in second-quarter net income to NT$706.56 billion. The figure exceeded the LSEG SmartEstimate of NT$632.64 billion and marked a 23.4% rise from the prior quarter. Revenue totaled NT$1.27 trillion, or $39.45 billion, up 36% from NT$933.79 billion a year earlier and above the LSEG SmartEstimate of NT$1.264 trillion.
Advanced technologies of 7-nanometer and under accounted for 77% of total wafer revenue. The 5-nanometer process contributed 33% of revenue and the 3-nanometer process contributed 30%. Net income reached a record high for the fifth consecutive quarter.
TSMC forecast third-quarter revenue between $44.6 billion and $45.8 billion with an operating profit margin of 56% to 58%. Chairman C.C. Wei stated that AI-related demand continues to be extremely robust.
The company will invest an additional $100 billion in Arizona, bringing its total commitment in the state to $265 billion, to build semiconductor wafer fabs for two-nanometer mass production and advanced packaging facilities.
