TSMC Reports Q2 Net Profit of NT$706.6 Billion, Beats Estimates

TSM-0.26%
Taiwan Semiconductor Manufacturing Company (TSMC) reported second-quarter results that exceeded market expectations. Net profit reached NT$706.6 billion, surpassing the estimate of NT$623.73 billion. Gross margin expanded to 67.7%, above the forecast of 67.1%, while operating margin rose to 60.3% versus the expected 58.6%. Revenue met guidance at NT$1.27 trillion.
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