Summary

Taiwan Semiconductor ADR Beats

Taiwan Semiconductor ADR (TSM) reported Quarter December 2024 earnings of $2.24 per share on revenue of $26.9 billion. The consensus earnings estimate was $2.16 per share on revenue of $26.4 billion. The Earnings Whisper number was $2.23 per share. Revenue grew 37.0% on a year-over-year basis.

The company said in its earnings presentation it expects first quarter revenue of $25.00 billion to $25.80 billion. The current consensus revenue estimate is $23.92 billion for the quarter ending March 31, 2025.

Taiwan Semiconductor Manufacturing Co Ltd engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, it also manufactures masks.

Earnings Release

TSMC Reports Fourth Quarter EPS of NT$14.45

HSINCHU, Taiwan, R.O.C., Jan. 16, 2025 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$868.46 billion, net income of NT$374.68 billion, and diluted earnings per share of NT$14.45 (US$2.24 per ADR unit) for the fourth quarter ended December 31, 2024.

Year-over-year, fourth quarter revenue increased 38.8% while net income and diluted EPS both increased 57.0%. Compared to third quarter 2024, fourth quarter results represented a 14.3% increase in revenue and a 15.2% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, fourth quarter revenue was $26.88 billion, which increased 37.0% year-over-year and increased 14.4% from the previous quarter.

Gross margin for the quarter was 59.0%, operating margin was 49.0%, and net profit margin was 43.1%.

In the fourth quarter, shipments of 3-nanometer accounted for 26% of total wafer revenue; 5-nanometer accounted for 34%; 7-nanometer accounted for 14%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 74% of total wafer revenue.

For the full earnings release, please go here.