Reports Q4 revenue $26.88B, up 37% year-over-year. In the fourth quarter, shipments of 3-nanometer accounted for 26% of total wafer revenue;

The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share. The chip company posted revenue of $26.88 billion in the period, which also beat Street forecasts.

The United States unveiled further export controls Wednesday on advanced computing semiconductors, increasing due diligence requirements for businesses as it seeks to prevent diversion of tech to China despite existing restrictions.