TSMCreports Q4 EPS 73c, consensus 71c
Reports Q4 revenue $10.39B, consensus $10.46B. Gross margin for the quarter was 50.2%, operating margin was 39.2%, and net profit margin was 36.6%. In the fourth quarter, shipments of 7-nanometer accounted for 35% of total wafer revenue and 10-nanometer process technology contributed 1% while 16-nanometer accounted for 20%. Advanced technologies, defined as 16-nanometer and more advanced technologies, accounted for 56% of total wafer revenue. "Our fourth quarter business benefited from strong demand for high-end smartphones, initial 5G deployment and high performance computing related applications using TSMC's industry-leading 7-nanometer technology," said Wendell Huang, VP and CFO of TSMC. "Moving into first quarter 2020, despite mobile product seasonality, we anticipate our business to be supported by the continued ramp of 5G smartphones.