TSMC Reports Third Quarter EPS of NT$2.94

Hsinchu, Taiwan, R.O.C., Oct. 16, 2014 -- TSMC today announced consolidated revenue of NT$209.05 billion, net income of NT$76.34 billion, and diluted earnings per share of NT$2.94 (US$0.49 per ADR unit) for the third quarter ended September 30, 2014.

Year-over-year, third quarter revenue increased 28.6% while net income and diluted EPS both increased 46.9%. Compared to second quarter 2014, third quarter results represent a 14.2% increase in revenue, and a 27.9% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, third quarter revenue increased 14.7% from the previous quarter and increased 28.1% year-over-year.

Gross margin for the quarter was 50.5%, operating margin was 40.4%, and net profit margin was 36.5%.

Shipments of 20-nanometer process technology accounted for 9% of total wafer revenues. 28-nanometer accounted for 34% of total wafer revenues. Advanced technologies, defined as 28-nanometer and 20-nanometer technologies, accounted for 43% of total wafer revenues.

• Revenue is expected to be between NT$217 billion and NT$220 billion;
• Gross profit margin is expected to be between 48% and 50%;
• Operating profit margin is expected to be between 38% and 40%.

TSMC's 2014 Third Quarter Consolidated results:
(Unit: NT$ million, except for EPS)

a: 3Q2014 figures have not bee approved by Board of Directors
b: Based on 25,930 million weighted average outstanding shares
b: Based on 25,929 million weighted average outstanding shares