Taiwan Semiconductor Manufacturing
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Taiwan Semiconductor Manufacturing met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins grew across the board.
Taiwan Semiconductor Manufacturing logged revenue of $4.52 billion. The 19 analysts polled by S&P Capital IQ hoped for revenue of $4.52 billion on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $3.46 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 $0.28. The four earnings estimates compiled by S&P Capital IQ averaged $0.28 per share. GAAP EPS of $0.06 for Q4 were 50% higher than the prior-year quarter's $0.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.2%, 250 basis points better than the prior-year quarter. Operating margin was 35.2%, 370 basis points better than the prior-year quarter. Net margin was 31.7%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.41 billion. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $20.25 billion. The average EPS estimate is $1.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,372 members out of 1,418 rating the stock outperform, and 46 members rating it underperform. Among 339 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 335 give Taiwan Semiconductor Manufacturing a green thumbs-up, and four 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 $16.57.
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