Taiwan Semiconductor Manufacturing (NYSE: TSM ) reported earnings on July 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Taiwan Semiconductor Manufacturing met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share didn't move.
Margins improved across the board.
Taiwan Semiconductor Manufacturing booked revenue of $4.29 billion. The 20 analysts polled by S&P Capital IQ hoped for revenue of $4.27 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $3.83 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.27. The four earnings estimates compiled by S&P Capital IQ averaged $0.27 per share. GAAP EPS of $0.05 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.6%, 260 basis points better than the prior-year quarter. Operating margin was 36.5%, 220 basis points better than the prior-year quarter. Net margin was 32.7%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.56 billion. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $16.51 billion. The average EPS estimate is $1.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,354 members out of 1,399 rating the stock outperform, and 45 members rating it underperform. Among 301 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 295 give Taiwan Semiconductor Manufacturing a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Taiwan Semiconductor Manufacturing is hold, with an average price target of $15.22.
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