TSMC Reports First Quarter EPS of NT$5.39

Hsin짯chu, Tai짯wan, R.O.C., Apr. 15, 2021  TSMC (TWSE: 2330, NYSE: TSM) today announ짯ced con짯so짯li짯da짯ted reve짯nue of NT$362.41 bil짯li짯on, net inco짯me of NT$139.69 bil짯li짯on, and diluted ear짯nings per share of NT$5.39 (US$0.96 per ADR unit) for the first quar짯ter ended March 31, 2021.

Year-over-year, first quar짯ter reve짯nue increased 16.7% while net inco짯me and diluted EPS both increased 19.4%. Com짯pared to fourth quar짯ter 2020, first quar짯ter results repre짯sen짯ted a 0.2% increase in reve짯nue and a 2.2% decrease in net inco짯me. All figu짯res were pre짯pared in accordance with TIFRS on a con짯so짯li짯da짯ted basis.

In US dol짯lars, first quar짯ter reve짯nue was $12.92 bil짯li짯on, which increased 25.4% year-over-year and increased 1.9% from the pre짯vious quarter.

Gross mar짯gin for the quar짯ter was 52.4%, ope짯ra짯ting mar짯gin was 41.5%, and net pro짯fit mar짯gin was 38.6%.

In the first quar짯ter, ship짯ments of 5몁anometer accoun짯ted for 14% of total wafer reve짯nue; 7몁anometer accoun짯ted for 35%. Advan짯ced tech짯no짯lo짯gies, defi짯ned as 7몁anometer and more advan짯ced tech짯no짯lo짯gies, accoun짯ted for 49% of total wafer revenue.

Our first quar짯ter busi짯ness was sup짯port짯ed by HPC-rela짯ted demand, balan짯ced by a mil짯der smart짯phone sea짯so짯na짯li짯ty than in recent years, said Wen짯dell Huang, VP and Chief Finan짯cial Offi짯cer of TSMC. 쏮oving into second quar짯ter 2021, we expect our reve짯nue to be flat짯tish, as HPC-rela짯ted demand will con짯ti짯nue to grow, off짯set by smart짯phone seasonality.

Based on the Company셲 cur짯rent busi짯ness out짯look, manage짯ment expects the over짯all per짯for짯mance for second quar짯ter 2021 to be as follows:

  • Reve짯nue is expec짯ted to be bet짯ween US$12.9 bil짯li짯on and US$13.2 billion;

And, based on the exch짯an짯ge rate assump짯ti짯on of 1 US dol짯lar to 28.4 NT dollars,

  • Gross pro짯fit mar짯gin is expec짯ted to be bet짯ween 49.5% and 51.5%;
  • Ope짯ra짯ting pro짯fit mar짯gin is expec짯ted to be bet짯ween 38.5% and 40.5%.

The manage짯ment fur짯ther expects the 2021 capi짯tal bud짯get to be around US$30 billion.