Earlier today TSMC announced Q1 revenue up 12.9% y-o-y at $18.87 billion and profit up 8.9% y-o-y at $6.96 billion.

Compared to Q4, the Q1 revenue was down 5.3%  and net income was down 5.5%.

Gross margin for the quarter was 53.1%, operating margin was 42.0%, and net profit margin was 38.0%.

In Q1, shipments of 3-nanometer accounted for 9% of total wafer revenue; 5-nanometer accounted for 37%; 7-nanometer accounted for 19%.

Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 65% of total wafer revenue