Reports Q1 revenue $16.72B, consensus $16.81B. Gross margin for the quarter was 56.3%, operating margin was 45.5%, and net profit margin was 40.7%. "Our first quarter business was impacted by weakening macroeconomic conditions and softening end market demand, which led customers to adjust their demand accordingly" said Wendell Huang, VP and CFO of TSMC.
Published first on TheFly
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