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TSMC's Q1 profit rises 19% on strong chip demand

Moomoo News ·  Apr 15, 2021 02:26  · Earnings Preview

TSMC today announced consolidated revenue of NT$362.41 billion, net income of NT$139.69 billion, and diluted earnings per share of NT$5.39 (US$0.96 per ADR unit) for the first quarter ended March 31, 2021. 

Year-over-year, first quarter revenue increased 16.7% while net income and diluted EPS both increased 19.4%. Compared to fourth quarter 2020, first quarter results represented a 0.2% increase in revenue and a 2.2% decrease in net income. All figures were prepared in accordance with TIFRS on a consolidated basis. 

In US dollars, first quarter revenue was $12.92 billion, which increased 25.4% year-over-year and increased 1.9% from the previous quarter. 

Gross margin for the quarter was 52.4%, operating margin was 41.5%, and net profit margin was 38.6%. 

In the first quarter, shipments of 5-nanometer accounted for 14% of total wafer revenue; 7- nanometer accounted for 35%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 49% of total wafer revenue.

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