Taiwan Semiconductor Manufacturing Company Limited Q4 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Q4 2022 Performance Highlights

  • Revenue decreased 1.5% quarter-over-quarter in USD terms due to end‑market softness and customer inventory corrections. In NT dollars, revenue increased 2% due to favorable FX.
  • Gross margin rose to 62.2%, up 1.8 percentage points from Q3, driven primarily by FX benefits and cost improvements, partly offset by lower utilization.
  • Operating margin increased to 52% (up 1.4 percentage points vs Q3).
  • EPS was TWD 11.41; ROE reached 41.7%.

Business Mix

  • 5 nm contributed 32% of wafer revenue; 7 nm contributed 22%.
  • Advanced technologies (7 nm and below) accounted for 54% of wafer revenue, up from 50% in 2021.
  • Platform contributions (QoQ): HPC +10% (42% of revenue), smartphone –4% (38%), IoT –11% (8%), automotive +10% (6%), DCE –23% (2%).

Full-Year 2022 Highlights

  • Revenue reached USD 76 billion, up 33.5% YoY; NT revenue grew 42.6% YoY.
  • Gross margin grew 8 points to 59.6%; operating margin improved to 49.5% (up 8.6 points YoY).
  • EPS rose 70.4% YoY to TWD 39.2; ROE was 39.8%.
  • CapEx totaled USD 36.3 billion; operating cash flow hit TWD 1.6 trillion.

Q1 2023 Guidance

  • Revenue expected at USD 16.7–17.5 billion (midpoint implies –14.2% QoQ).

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Jeff Su: [Foreign Language] Good afternoon, everyone and welcome to TSMC’s Fourth Quarter 2022 Earnings Conference Call. This is Jeff Su, TSMC’s Director of Investor Relations and your host for today. TSMC is hosting our earnings conference call via live audio webcast through the company’s website at www.tsmc.com, where you can also download the earnings release materials. If you are joining us through the conference call, your dial-in lines are in listen-only mode. The format for today’s event will be as follows. First, TSMC’s Vice President and CFO, Mr. Wendell Huang, will summarize our operations in the fourth quarter 2022, followed by our guidance for the first quarter 2023. Afterwards, Mr. Huang and TSMC’s CEO, Dr. C. C. Wei, will jointly provide the company’s key messages. Then TSMC’s Chairman, Dr. Mark Liu, will host the Q&A session, where all three executives will entertain your questions. As usual, I would like to remind everybody that today’s discussions may contain forward-looking statements that are subject to significant risks and uncertainties and which could actual results could differ materially from those contained in the forward-looking statements. Please refer to the Safe Harbor notice that appears in our press release. And now, I would like to turn the call over to TSMC’s CFO, Mr. Wendell Huang, for the summary of operations and the current quarter guidance. Wendell Huang: Thank you, Jeff. Happy New Year everyone. Thank you for joining us today. My present

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional