TSMC Feb Revenue: 1816.5 Billion NTD, -15.8%

On March 8th, TSMC disclosed its financial performance, reporting a February revenue of approximately 181.65 billion New Taiwan Dollars. This represents a month-on-month decline of 15.8% but reflects a substantial year-on-year growth of 11.3%. The cumulative revenue for January to February 2024 amounted to 397.43 billion New Taiwan Dollars, indicating a robust 9.4% increase compared to the corresponding period in 2023.

In the previously published financial report, TSMC disclosed a 2023 revenue of $69.298 billion USD, with New Taiwan Dollar revenue reaching 2.1617 trillion. Notably, this marked a 4.5% annual decrease. The gross profit margin was reported at 54.4%, showcasing a 5.2% decline year-on-year, while the operating margin stood at 42.6%, reflecting a 6.9% decrease. Net income after tax totaled $31.389 billion USD, approximately 979.171 billion New Taiwan Dollars, representing a 14.4% annual decrease. Earnings per share were recorded at 32.34 New Taiwan Dollars. In terms of manufacturing processes, the 3-nanometer process constituted 6% of wafer sales for the past year, aligning with projections. The 5-nanometer process saw a surge from 26% to 33%, while the 7-nanometer process declined to 19%. The 16-nanometer process maintained a 10% share, and the 28-nanometer process also accounted for 10%.

Addressing the industry outlook, TSMC's President, C.C. Wei, expressed optimism amidst global economic and political uncertainties. He foresees a 10% year-on-year growth in the overall semiconductor industry's output in 2024, with a potential 20% increase in wafer manufacturing. TSMC is poised to achieve a revenue growth rate in USD surpassing 20% for the fiscal year.