TSMC is anticipated to announce a 23% drop in revenue for the fourth quarter, however analysts say Apple will proceed to maintain its orders “regular” for the instant future.
Apple chip associate TSMC is anticipated to report a web revenue of T$226.4 billion ($7.21 billion) for the three-month interval ending in December, analysts forecast, forward of Thursday’s outcomes launch for the corporate.
The determine, compiled by LSEG SmartEstimate from 20 analysts and reported by Reuters, is a substantial drop from the year-ago quarter’s T$295.9 billion in web revenue.
Income for the quarter reached T$625.5 billion ($20.1 billion), primarily based on calculations on TSMC-released knowledge, which is a gentle enchancment on the year-ago interval.
In explaining the forecasts, it’s reckoned that various components are impacting the quarter, together with diminished international demand for semiconductors within the second half of 2022. With decreasing inventories for smartphone and pc producers, restocking ought to enhance demand.
The revenue change can also be impacted by evaluating in opposition to sturdy efficiency in 2022, due to sturdy demand from Apple and Nvidia, TSMC’s main shoppers.
Turning to the primary quarter, and analysts are being constructive about TSMC’s outlook. Fubon Securities, who beforehand had been involved about TSMC’s first quarter, now consider Apple’s wafer demand might be “regular within the brief time period.” Although a seasonal slowdown is anticipated for the quarter, the analysts “haven’t seen further order cuts.”