Analyzing TSM's Q3 Revenue: Bloomberg

Taiwan Semiconductor Manufacturing Co Ltd TSM reported third-quarter FY21 revenue of NT$414.7 billion ($14.8 billion).
The September sales rose 20% Y/Y to NT$152.7 billion.
The results reflect how TSM benefits from an ongoing silicon crisis that power everything from cars to smartphones.
Firm orders, especially for its 7-nm and 5-nm chips, from customers like Apple and Advanced Micro Devices Inc AMD helped it meet the Q3 guidance of $14.7 billion, Bloomberg analyst Charles Shum said.
TSM typically gets a Q3 boost from pre-holiday orders and new gadgets from companies, including Apple Inc AAPL, as consumers lapped up iPhone 13 series since its September launch.
However, capacity constraints have restricted TSM’s ability to fully capitalize on the boom as it also had to divert resources to lower-priced chips for industries like automobiles.
TSM may miss its consensus operating income of $5.97 billion, Shum said. Rapidly weakening growth momentum in Android smartphones, especially in mid-and low-end models, may affect shipments of TSM’s high-margin mature-node chips.
Price Action: TSM shares traded lower by 0.39% at $110.4 in the premarket session on the last check Friday.