"Our second quarter business was mainly impacted by the mobile product seasonality, while the continuing strong demand from cryptocurrency mining and a more favorable currency exchange rate moderated the mobile softness," said Lora Ho, SVP and Chief Financial Officer of TSMC. "Moving into third quarter 2018, we anticipate our business will benefit from new product launches using TSMC 7-nanometer technology while cryptocurrency mining demand will decrease from second quarter. Based on our current business outlook, management expects the overall performance for third quarter 2018 to be as follows":
• Revenue is expected to be between US$8.45 billion and US$8.55 billion;
And, based on the exchange rate assumption of 1 US dollar to 30.5 NT dollars,
• Gross profit margin is expected to be between 48% and 50%;
• Operating profit margin is expected to be between 36.5% and 38.5%.
TSMC Reports Second Quarter EPS of NT$2.79