4:35AM Taiwan Semi reports EPS in-line, revs in-line; guides Q1 revs above consensus (TSM) 17.80 : Reports Q4 (Dec) earnings of $1.61 per share, in-line with the Capital IQ Consensus Estimate consensus of NT$1.61; revenues rose 25.4% year/year to NT$131.31 bln vs the NT$131.39 bln consensus. Co issues upside guidance for Q1, sees Q1 revs of NT$127-129 bln vs. NT$123.73 bln Capital IQ Consensus Estimate. Q4 Highlights:
Gross margin for the quarter was 47.2%, operating margin was 35.2%, and net margin was 31.7%.
Shipments of 28-nanometer process technology reached 22% of total wafer revenues. 40-nanometer accounted for 22% of total wafer revenues, and 65-nanometer was 19%.
These advanced technologies accounted for 63% of total wafer revenues.
Q1 guidance assumptions
Gross profit margin is expected to be between 43.5% and 45.5%
Operating profit margin is expected to be between 31.5% and 33.5%
TSMC further expects the capital expenditures for 2013 to be about $9 bln.