According to foreign media reports, with the end of the quarter, the earnings of major companies have been on the agenda, Apple, Tesla and many other companies have announced the release of earnings time.
TSMC, the world’s largest wafer foundry, is also announcing its first-quarter earnings release date.
TSMC’s official website shows that their first-quarter earnings report, which will be released on April 20, will be followed by a number of executives, including CEO Wei Zhejia and CFO Huang Renzhao, who are expected to attend a subsequent earnings analyst conference call to give a detailed presentation of the second quarter results and answer questions from analysts.
It is worth noting that as far as TSMC’s announcement is concerned, the release of their first-quarter earnings this year has been delayed from previous quarters.
For the four quarters last year, TSMC’s earnings were released on April 14, June 14, October 13 and January 12 this year, and for the first quarter of 2020 and 2021, they were released on April 16 and April 15 of that year, respectively. In terms of the timing of previous earnings releases, TSMC’s earnings are usually released within half a month after the end of a quarter, and rarely more than half a month. This year’s first-quarter earnings were released on the 20th, so there was obviously a delay.
For the first quarter, TSMC’s management, in its earnings report for last year’s fourth quarter released on January 12, expects revenue of $167 (currently about 1149 CNY) – $17.5 billion (currently about 120.4 billion CNY), with gross profit margin expected to be between 53.5% – 55.5%. Revenue is expected to decline from the previous quarter’s $19.93 billion (currently about 137.118 billion CNY), but is expected to grow if it is higher than the expected $17.5 billion (currently about 120.4 billion CNY), compared to $17.57 billion (currently about 120.882 billion CNY) a year ago.