Taiwan Semiconductor (NYSE:TSM) reported Q2 results this morning and beat revenue estimates but missed on EPS.
Q2 margins: 50.8% gross, 38.9% operating, and 31% net profit.
Wafer revenue: 10-nanometer accounted for 1%; 16/20-nanometer process tech accounted for 26%; advanced tech defined as 28-nanometer and up accounted for 54%.
Q3 guidance puts revenue between $8.12B and $8.22B, compared to the $8.6B consensus estimate. Operating margin expected between 37% and 39% with gross profit margin up 48.5% to 50.5%.
Taiwan Semiconductor shares are up 0.92%.
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