TSMC has said that it expects its Q3 results to exceed the guidance issued in July, thanks to the strong US dollar exchange rate compared to the Taiwan dollar. Revenues are expected to be between TWD211 billion and TWD213 billion ($6.38 billion – $6.44 billion). Profit margins will be 47% – 49% (gross) and 36.5% – 38.5% (operating).
Q4 revenues are expected to fall QoQ, to between TWD198 billion and TWD204 billion ($5.99 billion – $6.17 billion). Profit margins are expected to be similar to Q3. With that in mind, TSMC predicts YoY revenue growth in double digits.
