Taiwan Semi (TSM) Reports Q2 EPS of NT$2.30; Guides Q3 Revs, Profit
Taiwan Semiconductor Manufacturing (NYSE: TSM) reported Q2 EPS of NT$2.30, versus NT$2.00 reported last year. Revenue for the quarter came in at NT$183.02 billion, versus NT$155.89 billion reported last year.
“In the second quarter, we saw strength of demand for our wafers across all segments, while our 28-nanometer technology business grew more than 30% from the previous quarter to account for 37 percent of our total wafer sales” said Lora Ho, SVP and Chief Financial Officer of TSMC. “While we expect the strong demand for our wafers to continue, the new technology node, our 20-nanometer System-on-Chip, has begun volume shipments and is expected to account for about 10 percent of our wafer revenue in the third quarter. Based on our current business outlook and exchange rate assumption of 1 US dollar to 29.81 NT dollars, management expects overall performance for third quarter 2014 to be as follows”:
| • | Revenue is expected to be between NT$206 billion and NT$209 billion; |
| • | Gross profit margin is expected to be between 48.5% and 50.5%; |
| • | Operating profit margin is expected to be between 38.5% and 40.5%. |
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