TAIPEI (Taiwan News) — TSMC said Thursday its consolidated revenue was NT$839.25 billion (US$25.82 billion) in Q1, down 3.4% quarter-on-quarter but up 41.6% year-on-year.

According to a press release, net income after tax reached NT$361.56 billion, down 3.5% quarter-on-quarter but up 60.3% year-on-year, with EPS at NT$13.94, per CNA. 3 nm process technology contributed 22% to wafer revenue, 5 nm contributed 36%, and 7 nm 15%. Together, these advanced technologies accounted for 73% of revenue.

TSMC Senior Vice President and CFO Wendell Huang (黃仁昭) said smartphone seasonality affected sales but was partially offset by AI-related demand. “Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies,” he said.

“While we have not seen any changes in our customers’ behavior so far, uncertainties and risks from the potential impact from tariff policies exist,” Huang added.

Due to wafer damage from the January 21 earthquake, TSMC recorded a net loss of approximately NT$5.3 billion after insurance compensation, per Liberty Times. Net income attributable to the parent company was NT$361.56 billion, down 3.5% quarter-on-quarter but up 60.3% year-on-year, with EPS at NT$13.9.

TSMC said in Q1 the high-performance computing platform saw 7% growth, automotive electronics rose 14%, and consumer electronics grew 8%. Meanwhile, the smartphone platform declined 22%, and the IoT platform fell 9%.