TSMC reports Q4 EPS $1.82, consensus $1.77

Reports Q4 revenue $19.93B, consensus $20.56B. Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was 47.3%. In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 54% of total wafer revenue. "Our fourth quarter business was dampened by end market demand softness, and customers’ inventory adjustment, despite the continued ramp-up for our industry-leading 5nm technologies," said Wendell Huang, VP and CFO of TSMC.