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TSMC’s Q1 net profit was NT$202.7 billion, rise 45% year-on-year

According to the latest report, TSMC today announced its financial report for the first quarter of 2022. The financial report shows that TSMC’s consolidated revenue in the first quarter was about 16.962 billion US dollars, compared with a net profit of about 7.003 billion US dollars, an increase of 45.1% from the 139.690 billion yuan in the same period of the previous year.

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Moreover, net profit per share after tax was NT$7.82, roughly in line with market expectations, exceeding the level of NT$7.3 and hitting a record high in a single quarter. According to TSMC statistics, compared with the same period in 2021, revenue in the first quarter of 2022 increased by 35.5%. 

Compared with the previous quarter, revenue increased by 12.1% in the first quarter of 2022. In the first quarter of 2022, the gross profit margin was 55.6%, the operating profit margin was 45.6%, and the net profit after tax was 41.3%.

According to TSMC statistics, 5nm process shipments accounted for 20% of TSMC’s wafer sales in the first quarter of 2022; 7nm process shipments accounted for 30% of the full quarter wafer sales. Overall, revenue from advanced processes (including 7nm and beyond) accounted for 50% of full quarter wafer sales.

(VIA)

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