TSMC Q3 Profit Down 0.9%, But Revenues Rise - Quick Facts

(RTTNews) - Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) on Thursday reported a decline in profit for the third quarter from last year, while net sales rose. However, net income increased on a sequential basis from the preceding second quarter.

For the third quarter, net income declined 0.9 percent to NT$89.07 billion from NT$89.93 billion last year. Earnings per share decreased to NT$3.44 from NT$3.47 last year. Earnings were $0.56 per ADR unit. On a sequential basis, net income climbed 23.2 percent.

Net sales for the quarter rose 3.3 percent to NT$260.35 billion from NT$252.11 billion a year ago. Net sales climbed 11.6 percent from the preceding second quarter.

In U.S. dollars, third-quarter revenue was $8.49 billion, which increased 1.9 percent year-over-year and 8.1 percent sequentially.

Gross margin for the quarter was 47.4 percent, operating margin was 36.6 percent, and net profit margin was 34.2 percent.

In the third quarter, shipments of 7-nanometer accounted for 11 percent of total wafer revenue; 10-nanometer and 16/20-nanometer process technology accounted for 6 percent and 25 percent of total wafer revenue respectively. Advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 61 percent of total wafer revenue.