TSMC: 3Q20 revenue of NT$356.43 billion, net profit increased by 36%

TSMC: 3Q20 revenue of NT$356.43 billion, net profit increased by 36%

On October 15, 2020, TSMC released its third-quarter financial report. The world's largest foundry chip manufacturer achieved a record high net profit of NT$137.3 billion (US$4.8 billion) in the third quarter, while analysts' average expectation was NT$126 billion.

TSMC's financial report shows that their revenue in the third quarter of this year was NT$356.426 billion, a year-on-year increase of 21.6% and a month-on-month increase of 14.7%; in terms of US dollars, their revenue in the third quarter was US$12.14 billion, a year-on-year increase of 29.2% and a month-on-month increase of 16.9%.

Monthly data released earlier showed sales climbed to a record NT$356.4 billion in the quarter, suggesting Apple Inc's main iPhone chip maker is benefiting from a gradual recovery in the global economy. The company's business usually peaks in the months before Apple releases new phones and the holiday season.

Gross profit margin in the third quarter was 53.4%, compared to 47.6% in the same period last year. Earnings per share were NT$5.3, compared to NT$3.9 in the same period last year, and the market expected NT$4.82.

In the third quarter, TSMC's 5nm chip shipments accounted for 8% of total shipments, while 7nm chips and 16nm chips accounted for 35% and 18%, respectively.

via Futu NiuNiu

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