TSMC announced its financial report for the first quarter of 2023, with consolidated revenue of about NT$508.63 billion (currently about RMB 114.442 billion), and net profit after tax of about NT$206.9 billion. Taiwan dollars (currently about 46.552 billion CNY), earnings per share was NT$7.98 (equivalent to US$1.31 per unit of American depositary receipts).
Compared with the same period in 2022, revenue in the first quarter of 2023 increased by 3.6%, and net profit after tax and earnings per share both increased by 2.1%, the smallest quarterly increase in nearly four years, but still exceeded market expectations. Compared with the previous quarter, the revenue in the first quarter of 2023 decreased by 18.7%, and the net profit after tax decreased by 30.0%. The above financial figures are all consolidated financial statement figures prepared in accordance with the International Financial Reporting Standards (TIFRS) approved by the FSC.
In US dollars, revenue in the first quarter of 2023 will be 16.72 billion CNY, a decrease of 4.8% from the same period in 2021, and a decrease of 16.1% from the previous quarter.
In the first quarter of 2023, the gross margin was 56.3%, the operating margin was 45.5%, and the after-tax net profit margin was 40.7%.
5nm process shipments accounted for 31% of TSMC’s wafer sales in the first quarter of 2023; 7nm process shipments accounted for 20% of the full quarter’s wafer sales. Overall, revenue from advanced processes (including 7nm and beyond) accounted for 51% of the quarterly wafer sales.
