On April 20, 2023, TSMC announced its financial results for the first quarter (January to March) of the same year. Sales were NT$508.63 billion (approximately ¥2.2309 trillion/US$16.72 billion), up 3.6% year-on-year and down 18.7% quarter-on-quarter. Net profit was 206.9 billion New Taiwan dollars (about US$6.71 billion), up 2.1% year-on-year, but down 30% quarter-on-quarter. Gross margin was 56.3% and operating margin was 45.5%.
Looking at sales by manufacturing process node, the 5nm generation accounted for 31% of the total, followed by 7nm at 20% and 16nm at 13%. It can be seen that the cutting-edge 5nm/7nm alone has already exceeded half. By application, HPC (High Performance Computing) accounted for 44% of the total, and smartphones accounted for 34%. Automotive was 7%. Quarter-on-quarter growth rates were negative across the board, except for automotive, with smartphones down 27% and HPC down 14%.
As for the outlook for the second quarter of 2023, sales are expected to be between US$15.2 billion and US$16 billion, down from US$16.72 billion in the first quarter. Gross profit margin is expected to be 52-54%, and operating profit margin is expected to be 39.5-41.5%.