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โข EPS per ADR: $4.60 (Est. $4.48) โ
โข Revenue: $46.72B (Est. $44.93B) โ , +41.2% YoY.
โข Gross Margin: 66.4% (Est. 66.3%) ๐ฐ
โข Operating Margin: 58.7% (Est. 57.7%) โ
โข Net Income: NT$763.06B (Est. NT$737.9B) โ
โข Net Profit Margin: 51.1%.
โข Free Cash Flow: NT$476.56B.
โข CapEx: $13.84B ($40.64B YTD).
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โข Q3 revenue beat consensus by ~4.0%, while EPS exceeded estimates by ~2.7%.
โข High Performance Computing accounted for 68% of revenue, growing 22% QoQ, while smartphones contributed 21%, up 10% QoQ.
โข Advanced nodes (7nm and below) represented 79% of wafer revenue, including 3nm at 33%, 5nm at 28% and newly ramping 2nm at 8%.
โข Gross margin declined 130 bps QoQ to 66.4%, primarily reflecting dilution from the initial ramp-up of N2 technology.
โข Operating margin exceeded consensus by 100 bps, while net income topped estimates by ~3.4%.
โข Automotive platform revenue grew 23% QoQ, while North America accounted for 79% of total revenue.
โข Wafer shipments increased 9.6% YoY to 4.48M units, with inventory days declining by five to 82.
โข Non-operating gains fell to NT$34.59B from NT$95.83B in Q2, which included gains related to VIS shares.