Earnings release
Page 1
TSMC Reports First Quarter tsme EPS of NT $ 5.39 Hsinchu , Taiwan , R.O.C. , April 15 , 2021 -- TSMC today announced consolidated revenue of NT $ 362.41 billion , net income of NT $ 139.69 billion , and diluted earnings per share of NT $ 5.39 ( US $ 0.96 per ADR unit ) for the first quarter ended March 31 , 2021 . Year - over - year , first quarter revenue increased 16.7 % while net income and diluted EPS both increased 19.4 % . Compared to fourth quarter 2020 , first quarter results represented a 0.2 % increase in revenue and a 2.2 % decrease in net income . All figures were prepared in accordance with TIFRS on a consolidated basis . In US dollars , first quarter revenue was $ 12.92 billion , which increased 25.4 % year - over - year and increased 1.9 % from the previous quarter . Gross margin for the quarter was 52.4 % , operating margin was 41.5 % , and net profit margin was 38.6 % . In the first quarter , shipments of 5 - nanometer accounted for 14 % of total wafer revenue ; 7- nanometer accounted for 35 % . Advanced technologies , defined as 7 - nanometer and more advanced technologies , accounted for 49 % of total wafer revenue . " Our first quarter business was supported by HPC - related demand , balanced by a milder smartphone seasonality than in recent years , " said Wendell Huang , VP and Chief Financial Officer of TSMC . " Moving into second quarter 2021 , we expect our revenue to be flattish , as HPC - related demand will continue to grow , offset by smartphone seasonality . " Based on the Company's current business outlook , management expects the overall performance for second quarter 2021 to be as follows : • Revenue is expected to be between US $ 12.9 billion and US $ 13.2 billion ; And , based on the exchange rate assumption of 1 US dollar to 28.4 NT dollars , • Gross profit margin is expected to be between 49.5 % and 51.5 % ; • Operating profit margin is expected to be between 38.5 % and 40.5 % . The management further expects the 2021 capital budget to be around US $ 30 billion . April 15 , 2021 TSMC Page 1 of 2