TSMC released its first quarter financial report: revenue of $12.9 billion and net profit of nearly $5 billion

TSMC, the world’s largest chip foundry that manufactures chips for Apple, AMD and many other manufacturers, has released its first-quarter financial report. Its revenue has reached expectations and hit a new high, with a net profit of nearly US$5 billion, a significant year-on-year increase. TSMC’s first-quarter financial report was released this afternoon. Judging from the financial report, their revenue in this quarter was 12.919 billion US dollars, a year-on-year increase of 16.7% and a month-on-month increase of 0.2%.

In terms of gross profit, the financial report showed that it was 6.767 billion US dollars, an increase of 18.1% year-on-year, but it fell by 2.8% month-on-month, and the gross profit margin was 52.4%, an increase of 1.4 percentage points year-on-year and a month-on-month decline of 1.6 percentage points.

In terms of net profit, the financial report disclosed US$4.981 billion, a year-on-year increase of 19.4%, but like gross profit, it was not as good as the previous quarter and fell 2.2% from the previous quarter.

 

Although TSMC’s gross profit and net profit in the first quarter were not as good as the previous quarter, they still met their expectations. In the financial report for the fourth quarter of last year released on January 15, TSMC estimated that the gross profit margin for the first quarter was 50.5%-52.5%, and the final 52.4% was close to the expected upper limit.

 

In the financial report for the fourth quarter of last year, TSMC estimated that its revenue in the first quarter was US$12.7 billion to US$13 billion, and the final US$12.919 billion was also close to the expected upper limit.

Michael has worked as an auditor for many years but is currently working as a business journalist so that he can work remotely and travel with his wife while she works as a travel nurse for several years. Michael specializes in stock, gas and oil investments, dividends. He is a well-known person in business world.

Michael Nguyen says that his huge experience in 8 years, gives him priority among others. He worked for different national and international companies. He has unique insights into the investments for oil and gas field. He likes to share his predictions and analysis with readers. He still creates profitable equity portfolios for his clients.

Address: 9809 East Windrunner Drive, Scottsdale, AZ 85255, USA

Email: [email protected]

Zip code: 85255

Contact # 602-438-2310

Leave a Reply

Your email address will not be published. Required fields are marked *