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Taiwan Semiconductor beats Q2 revenue, issues softer Q3 guidance

Published 07/13/2017, 02:53 PM
© Reuters.  Taiwan Semiconductor beats Q2 revenue, issues softer Q3 guidance
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TSM
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  • Taiwan Semiconductor (NYSE:TSM) reported Q2 results this morning and beat revenue estimates but missed on EPS.
  • Q2 margins: 50.8% gross, 38.9% operating, and 31% net profit.
  • Wafer revenue: 10-nanometer accounted for 1%; 16/20-nanometer process tech accounted for 26%; advanced tech defined as 28-nanometer and up accounted for 54%.
  • Q3 guidance puts revenue between $8.12B and $8.22B, compared to the $8.6B consensus estimate. Operating margin expected between 37% and 39% with gross profit margin up 48.5% to 50.5%.
  • Press release
  • Taiwan Semiconductor shares are up 0.92%.
  • Now read: AMD Is Set To Outperform Intel (NASDAQ:INTC) In The X86 Space


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