Third-quarter revenue rose 41% to $46.7bn ($44.9bn expected). Growth was supported by strong demand for leading-edge technologies, particularly in high-performance computing, which accounted for 68% of revenue.
Operating profit increased 75% to $27.4bn ($26.1bn expected), helped by operating expenses growing at a slower pace than revenue. Gross margin dipped slightly from the previous quarter to 66.4% as the newer 2nm technology began ramping up.
Free cash flow more than tripled to $14.9bn, and net cash stood at $93.6bn at the end of the period.
Fourth-quarter revenue is forecast to land between $52.3-54.3bn ($49.1bn expected).
Currency = US dollar.
The US listing was down 1.6% in pre-market trading.
Our view
HL view to follow.
TSMC key facts
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