Taiwan Semiconductor Manufacturing Company (TSMC) reported its financial results for the first quarter. The company achieved a revenue of 839.25 billion New Taiwan Dollars (NTD), marking a 41.6% year-over-year increase but a 3.4% decline compared to the previous quarter. Net profit reached 361.56 billion NTD, a 60.3% rise from last year and slightly above market expectations of 354.644 billion NTD, despite a 3.5% decrease from the last quarter.
In terms of USD, TSMC's Q1 revenue amounted to $25.53 billion, up 35.3% year-over-year but down 5.1% sequentially. The gross margin for the quarter was 58.8%, with an operating margin of 48.5% and a net profit margin of 43.1%.
