Taiwan Semiconductor Manufacturing Company (TSMC) has announced that its third-quarter revenues will exceed its guidance given in mid-July, thanks to a more favorable US dollar exchange rate to the NT dollar. However, revenues for the fourth quarter will experience a sequential decline.
TSMC now expects its third-quarter revenues to be between NT$211 billion (US$6.42 billion) and NT$213 billion, up from its previous estimate of NT$207-210 billion. Gross margin and operating margin will still be within the previous guidance of 47-49% and 36.5-38.5%, respectively.
TSMC's revenues for the fourth quarter, however, will drop to between NT$198 billion and NT$204 billion, with profit margin rates similar to the prior quarter's levels, the company said.
For all of 2015, TSMC expects to post a double-digit increase in revenues as the company guided previously.
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