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TSMC Announces Fourth Quarter '22 Results

TheLostSwede

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TSMC today announced consolidated revenue of NT$625.53 billion, net income of NT$295.90 billion, and diluted earnings per share of NT$11.41 (US$1.82 per ADR unit) for the fourth quarter ended December 31, 2022. Year-over-year, fourth quarter revenue increased 42.8% while net income and diluted EPS both increased 78.0%. Compared to third quarter 2022, fourth quarter results represented a 2.0% increase in revenue and a 5.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, fourth quarter revenue was $19.93 billion, which increased 26.7% year-over-year but decreased 1.5% from the previous quarter. Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was 47.3%. In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 54% of total wafer revenue.




"Our fourth quarter business was dampened by end market demand softness, and customers' inventory adjustment, despite the continued ramp-up for our industry-leading 5 nm technologies," said Wendell Huang, VP and Chief Financial Officer of TSMC. "Moving into first quarter 2023, as overall macroeconomic conditions remain weak, we expect our business to be further impacted by continued end market demand softness, and customers' further inventory adjustment."

Based on the Company's current business outlook, management expects the overall performance for first quarter 2023 to be as follows:
  • Revenue is expected to be between US$16.7 billion and US$17.5 billion; And, based on the exchange rate assumption of 1 US dollar to 30.7 NT dollars,
  • Gross profit margin is expected to be between 53.5% and 55.5%;
  • Operating profit margin is expected to be between 41.5% and 43.5%.

The management further expects the 2023 capital budget to be between US$32 billion and US$36 billion.

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Guidance:

--GUIDANCE: TSMC projected first-quarter revenue to be between US$16.7 billion and US$17.5 billion, down from US$19.93 billion in the fourth quarter. Chief Financial Officer Wendell Huang said the business would likely be affected by softness in end-market demand and customers' inventory adjustment as macroeconomic conditions remain weak.

Be interesting to see if they maintain it.
 
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It seems profits have shifted away from the product side to the manufacturing side of the semiconductor market. Intel take note.
 
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Those numbers seem kinda low IMHO, seeins how they are the top mfgr in the industry, their recent price increases, and the fact that they have a HUGE demand for literally every single chip that rolls off the production lines as well as the 100,000's of ones that haven't even been made yet :)
 
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Those numbers seem kinda low IMHO, seeins how they are the top mfgr in the industry, their recent price increases, and the fact that they have a HUGE demand for literally every single chip that rolls off the production lines as well as the 100,000's of ones that haven't even been made yet :)
These numbers only seem low until you realize that they have nearly matched Intel's peak quarterly revenue despite only manufacturing chips and not designing them.
 
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After the new factory in the USA (this almost ready to start production), another one in Japan this is now started to be build.

TSMC now worth's the tittle of 75% Global brand, with another NEW factory within EU, it will become 100% global brand.
 
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They pay 11% TAX if my calculation is right.
Guys, How much TAX do you pay after your income in total? 30% 40% 50%?
Why do we pay tons of money for very fast outdating IT gadgets for companies that have huge profit, pay fckN low TAX, and overall these gadgets geting old so fast that is insane.
I think i will change my hobby. It will be a healthy life change to go out more often and biking or whatever rather than more to support industrial robbery. :)
 
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Duopoly is better than monopoly. Someone must use Samsung, or support Intel GPU...
 
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