$Taiwan Semiconductor (TSM.US)$ Financial｜TSMC Earned 36% Mo...

$Taiwan Semiconductor(TSM.US)$ Financial｜TSMC Earned 36% More in Q2

TSMC (US:TSM) announced second-quarter results with revenues of approximately NT$673.51 billion, up 40% year-on-year; net profit of HK$247.85 billion, up 36% year-on-year. Earnings per share of $9.56, compounded by $1.48 per unit of U.S. Depositary Certificates.

3nm process shipments accounted for 15% of TSMC's second-quarter wafer sales, 5-nm process shipments accounted for 35% of all quarter wafer sales, and 7-nm process shipments accounted for 17% of total quarterly wafer sales. Overall, revenues from advanced processes (including 7nm and advanced processes) reached 67% of wafer sales for the full quarter.

The Group expects third-quarter sales of US$22.4 billion to $23.2 billion, an operating profit margin of 42.5% to 44.5%, higher than the market expectation of 42.1%, and a gross profit margin of 53.5% to 55.5%, higher than the market expectation of 52.5%.