Taiwan Semiconductor Manufacturing (TSM) reported Q1 earnings Thursday of 69.72 New Taiwan dollars ($2.12) per diluted American depositary receipt, up from NT$43.48 a year earlier.
Analysts polled by FactSet expected NT$67.32.
Net sales for the quarter ended March 31 were NT$839.25 billion, up from NT$592.64 billion a year earlier.
Analysts polled by FactSet expected NT$827.59 billion.
The company said it expects Q2 revenue to be in a range of $28.4 billion to $29.2 billion. Analysts surveyed by FactSet expect $26.92 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.