Latest News

Earnings Results: Taiwan Semi shares rise after earnings, sales beat forecasts


Shares of Taiwan Semiconductor Manufacturing Co. rose on Thursday after the third-party silicon wafer manufacturer reported forecast-beating earnings and sales in its June-ending quarter.



reported earnings of $1.55 per American depositary receipt compared with 93 cents per ADR in the year-ago period. Revenue rose to $18.16 billion from $13.29 billion in the year ago period. TSMC had estimated revenue between $17.6 billion and $18.2 billion.

Analysts surveyed by FactSet had forecast earnings of $1.44 per ADR and revenue of $17.68 billion. Shares of the company rose 3% in Taipei.

Read: Are chip stocks set up for a short squeeze, or just more declines? Wall Street doesn’t seem sure

Breaking it down by technology, leading-edge 5-nanometer orders made up 21% of sales, compared with 18% in the year-ago period, while 7-nm orders made up 30% of sales from a previous 31%. Nanometer, or “nm,” denotes the size of each transistor that goes on a computer chip, the general rule being that smaller transistors are faster and more efficient in using power.

By end-use, smartphone customers made up 38% of revenue compared with a year-ago 42%, while high-performance computing customers made up 43% of sales, compared with 39% in the year-ago period. Demand for smartphones and PCs has weakened from a year ago, although analysts expect data-center demand to remain resilient.

The chip shortage, a year ago: The chip crunch marches on, but one sector could be in store for relief

Automotive customers contributed to 5% of TSM’s revenue, compared with 4% in last year’s June-ending quarter, when chip fabricators started reserving more capacity for auto customers, who were one of the hardest hit industries by the chip shortage in 2021.

Tax Guy: How small business owners can maximize a potentially lucrative tax break

Previous article

Dow Jones Newswires: Ericsson profit misses forecasts amid ‘challenging conditions’

Next article

You may also like


Leave a reply

Your email address will not be published.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

More in Latest News