TSMC released its second-quarter financial report. The consolidated revenue in the second quarter was approximately NT$534.14 billion, the net profit after tax was approximately NT$237.03 billion, and the after-tax (EPS) per share (EPS) amounted to NT$9.14. It was RMB 7.82 in the first quarter and RMB 5.18 in the same period of 2021. The overall performance continued to hit a record high.
Compared with the same period in 2021, TSMC's revenue in the second quarter of 2022 increased by 43.5%, while net profit after tax and EPS increased by 76.4%. Compared with the first quarter, revenue in the second quarter of 2022 increased by 8.8%, while net profit after tax increased by 16.9%.
In dollar terms, revenue for the second quarter of 2022 was $18.16 billion, an increase of 36.6% from the same period in 2021 and a 3.4% increase from the first quarter. In the second quarter of 2022, the gross profit margin was 59.1%, operating profit margin was 49.1%, and net profit after tax was 44.4%.
TSMC previously estimated that the revenue in the second quarter was about 17.6 billion to 18.2 billion US dollars, a quarterly increase of about 3.5%. Calculated at the exchange rate of NT$28.8 to US$1, the estimated gross profit margin is 56~58%, and the profit margin is 45~47%.
Looking forward to the third quarter, TSMC estimates that the US dollar revenue is between 19.8 billion and 20.6 billion US dollars, with an average of 20.2 billion US dollars, an increase of about 11.2% quarterly, exceeding market expectations by up to 8%. In addition, calculated at the exchange rate of NT$29.7 to US$1, the estimated gross profit margin is 57.5~59.5%, and the operating profit rate is 47~49%.
In addition, thanks to the stable demand for HPC, automotive chips, etc., TSMC also revised up its full-year US dollar revenue in 2022, from the original maximum of 30%, to an increase of 35%. So far, the third-quarter and full-year targets have exceeded market expectations.
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