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.

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