TSMC Reports Fourth Quarter EPS of NT$11.41
HSINCHU, Taiwan, R.O.C., Jan. 12, 2023 -- TSMC (TWSE: 2330, NYSE: TSM) today
announced consolidated revenue of NT$625.53 billion, net income of NT$295.90 billion, and
diluted earnings per share of NT$11.41 (US$1.82 per ADR unit) for the fourth quarter ended
December 31, 2022.
Year-over-year, fourth quarter revenue increased 42.8% while net income and diluted EPS both
increased 78.0%. Compared to third quarter 2022, fourth quarter results represented a 2.0%
increase in revenue and a 5.4% increase in net income. All figures were prepared in accordance
with TIFRS on a consolidated basis.
In US dollars, fourth quarter revenue was $19.93 billion, which increased 26.7% year-over-year
but decreased 1.5% from the previous quarter.
Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was
47.3%.
In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-
nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced
technologies, accounted for 54% of total wafer revenue.
“Our fourth quarter business was dampened by end market demand softness, and customers’
inventory adjustment, despite the continued ramp-up for our industry-leading 5nm technologies,”
said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving into first quarter 2023,
as overall macroeconomic conditions remain weak, we expect our business to be further impacted
by continued end market demand softness, and customers’ further inventory adjustment.”
Based on the Company’s current business outlook, management expects the overall performance
for first quarter 2023 to be as follows:
• Revenue is expected to be between US$16.7 billion and US$17.5 billion; And, based on
the exchange rate assumption of 1 US dollar to 30.7 NT dollars,
• Gross profit margin is expected to be between 53.5% and 55.5%;
• Operating profit margin is expected to be between 41.5% and 43.5%.
The management further expects the 2023 capital budget to be between US$32 billion and US$36
billion.
TSMC’s 2022 fourth quarter consolidated results:
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been
the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving
ecosystem of global customers and partners with the industry’s leading process technologies and
portfolio of design enablement solutions to unleash innovation for the global semiconductor
industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a
committed corporate citizen around the world.
TSMC deployed 288 distinct process technologies, and manufactured 12,698 products for 532
customers in 2022 by providing broadest range of advanced, specialty and advanced packaging
technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the
most advanced semiconductor process technology available in the world. The Company is
headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
# # #
TSMC Spokesperson:
Wendell Huang
Vice President and CFO
Tel: 886-3-505-5901
Media Contacts:
Nina Kao
Head of Public Relations
Tel: 886-3-563-6688 ext.7125036
Mobile: 886-988-239-163
E-Mail: nina_kao@tsmc.com
Ulric Kelly
Public Relations
Tel: 886-3-563-6688 ext. 7126541
Mobile: 886-978-111-503
E-Mail: ukelly@tsmc.com
HSINCHU, Taiwan, R.O.C., Jan. 12, 2023 -- TSMC (TWSE: 2330, NYSE: TSM) today
announced consolidated revenue of NT$625.53 billion, net income of NT$295.90 billion, and
diluted earnings per share of NT$11.41 (US$1.82 per ADR unit) for the fourth quarter ended
December 31, 2022.
Year-over-year, fourth quarter revenue increased 42.8% while net income and diluted EPS both
increased 78.0%. Compared to third quarter 2022, fourth quarter results represented a 2.0%
increase in revenue and a 5.4% increase in net income. All figures were prepared in accordance
with TIFRS on a consolidated basis.
In US dollars, fourth quarter revenue was $19.93 billion, which increased 26.7% year-over-year
but decreased 1.5% from the previous quarter.
Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was
47.3%.
In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-
nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced
technologies, accounted for 54% of total wafer revenue.
“Our fourth quarter business was dampened by end market demand softness, and customers’
inventory adjustment, despite the continued ramp-up for our industry-leading 5nm technologies,”
said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving into first quarter 2023,
as overall macroeconomic conditions remain weak, we expect our business to be further impacted
by continued end market demand softness, and customers’ further inventory adjustment.”
Based on the Company’s current business outlook, management expects the overall performance
for first quarter 2023 to be as follows:
• Revenue is expected to be between US$16.7 billion and US$17.5 billion; And, based on
the exchange rate assumption of 1 US dollar to 30.7 NT dollars,
• Gross profit margin is expected to be between 53.5% and 55.5%;
• Operating profit margin is expected to be between 41.5% and 43.5%.
The management further expects the 2023 capital budget to be between US$32 billion and US$36
billion.
TSMC’s 2022 fourth quarter consolidated results:
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been
the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving
ecosystem of global customers and partners with the industry’s leading process technologies and
portfolio of design enablement solutions to unleash innovation for the global semiconductor
industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a
committed corporate citizen around the world.
TSMC deployed 288 distinct process technologies, and manufactured 12,698 products for 532
customers in 2022 by providing broadest range of advanced, specialty and advanced packaging
technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the
most advanced semiconductor process technology available in the world. The Company is
headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
# # #
TSMC Spokesperson:
Wendell Huang
Vice President and CFO
Tel: 886-3-505-5901
Media Contacts:
Nina Kao
Head of Public Relations
Tel: 886-3-563-6688 ext.7125036
Mobile: 886-988-239-163
E-Mail: nina_kao@tsmc.com
Ulric Kelly
Public Relations
Tel: 886-3-563-6688 ext. 7126541
Mobile: 886-978-111-503
E-Mail: ukelly@tsmc.com
