Hsinchu, Taiwan, R.O.C., January 14, 2016 -- TSMC today announced consolidated revenue of NT$203.52 billion, net income of NT$72.84 billion, and diluted earnings per share of NT$2.81 (US$0.43 per ADR unit) for the fourth quarter ended December 31, 2015.
Year-over-year, fourth quarter revenue decreased 8.5% while net income and diluted EPS both decreased 8.9%. Compared to third quarter 2015, fourth quarter results represent a 4.2% decrease in revenue, and a 3.3% decrease in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, fourth quarter revenue was $6.24 billion, which decreased 6.4% from previous quarter and decreased 13.7% year-over-year.
Gross margin for the quarter was 48.6%, operating margin was 38.3%, and net profit margin was 35.8%.
Shipments of 16/20-nanometer accounted for 24% of wafer revenues, and 28-nanometer process technology accounted for 25% of total wafer revenues. Advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 49% of total wafer revenues.
TSMC's 2015 fourth Quarter Consolidated results:
(Unit: NT$ million, except for EPS)
| 4Q15 Amount a | 4Q14 Amount | YoY Inc. (Dec.) % | 3Q15 Amount | QoQ Inc. (Dec.) % | |
| Net Sales | 203,518 | 222,521 | (8.5) | 212,505 | (4.2) |
| Gross profit | 98,925 | 110,560 | (10.5) | 102,336 | (3.3) |
| Income from operations | 77,964 | 88,216 | (11.6) | 78,389 | (0.5) |
| Income before tax | 80,644 | 89,312 | (9.7) | 83,394 | (3.3) |
| Net income | 72,837 | 79,986 | (8.9) | 75,330 | (3.3) |
| EPS (NTS) | 2.81b | 3.08b | (8.9) | 2.91b | (3.3) |
a: 4Q2015 figures have not bee approved by Board of Directors
b: Based on 25,930 million weighted average outstanding shares