TAIPEI (Taiwan News) — TSMC on Thursday posted a record first-quarter net profit of NT$572.48 billion (US$17.74 billion), with earnings per share of NT$22.08.
Revenue reached NT$1.13 trillion, above the company’s forecast range of NT$1.09 trillion to NT$1.13 trillion, per CNA.
Gross margin rose to 66.2%, beating expectations of 63% to 65%, while operating margin reached 58.1%. The gains were supported by improved cost efficiency, higher capacity utilization, and favorable exchange rates.
High-performance computing was the main growth driver, with revenue in the segment rising 20% quarter-on-quarter. Internet of Things and consumer electronics also contributed, with growth of 12% and 28%.
Advanced process technologies continued to dominate TSMC’s business mix. Advanced 3 nm, 5 nm, and 7 nm nodes accounted for 74% of total revenue, including 25% from 3 nm alone.
Net profit rose 13.2% from the previous quarter and 58.3% from a year earlier, marking another record for the world’s largest contract chipmaker.
The performance mirrors trends across the semiconductor sector, with memory chipmakers also reporting strong gains, per Nikkei Asia. Samsung Electronics, SK Hynix, and Micron Technology have cited tight supply and robust AI-driven demand.
