TSMC Shatters Q3 Estimates with 36.5 Percent Revenue Increase

Oct 10, 2024 · Taiwan Semiconductor (TSMC) (NYSE:TSM,TPE:2330), the world’s largest contract chipmaker, reported a strong 39.6 percent year-over-year increase in revenue for …

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TSMC Posts Explosive Q3 Earnings, But Is There Room For

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Oct 20, 2024 · Following record profits in Q3, consensus EPS estimates for the year now stand at $7.03, representing a 35.8% year-over-year growth. This figure suggests the stock trades at a …

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TSMC Defies Market Concerns With Q3 Earnings Beat - Seeking …

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Oct 17, 2024 · The company reported Q3 GAAP EPS of $1.94, beating estimates by $0.15, with revenue of $23.5 billion exceeding expectations by $210 million. Net incomes during the same …

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TSMC Beats Forecasts With Sharp Rise In Third-quarter Sales

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Oct 9, 2024 · The higher sales this September lifted TSMC's third-quarter revenue to NT$ 753.61 billion ($23.41 billion), marking a 12% increase on its sales in the third quarter of 2023.

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TSMC Posts Record Profit As AI Boom Continues — Update

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Oct 17, 2024 · That topped the NT$298.00 billion consensus estimate from a FactSet poll of analysts. TSMC's revenue was also a record, rising 39% to NT$759.69 billion for the quarter.

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TSMC Bullish On Outlook As AI Boom Blows Q3 Profit Past Forecasts

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Oct 17, 2024 · U.S.-listed TSMC shares gained more than 8%, with the company's market capitalization set to cross $1 trillion if premarket gains hold. At its quarterly earnings call on …

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TSMC Set To Report 40% Profit Surge In Q3 Amid Soaring AI

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Oct 14, 2024 · In comparison, the 2023 third-quarter net profit of T$211 billion is roughly equivalent to that estimate. TSMC reported a significant increase in third-quarter revenue last …

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Taiwan's TSMC Posts Sharp Rise In Third Quarter Net Profit

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Oct 17, 2024 · TSMC -- which is listed in Taipei and New York -- said net profit in the three months to September hit NT$325.26 billion (US$10.1 billion), up 54.2 percent from the same …

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TSMC Shatters Q3 Estimates With Record Revenue Increase

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Oct 13, 2024 · TSMC has shattered Q3 estimates, reporting a 39.6% revenue surge. Explore how AI and high-performance chips drive this titan's success in a shifting tech landscape. ... TSMC …

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FAQs about TSMC Shatters Q3 Estimates with 36.5 Percent Revenue Increase Coupon?

What was TSMC's third quarter revenue?

On its most recent earnings call in July, TSMC forecast third quarter revenue in a range of between $22.4 billion to $23.2 billion. For September alone, TSMC reported revenue jumped 39.6% year-on-year to T$251.87 billion. The company did not provide details in its brief revenue statement. ...

How did TSMC perform in the third quarter?

The company's revenues for the third quarter came in at $23.5 billion and marked a 36 per cent increase year-over-year, it said, according to the report. TSMC's net income also hit 325.3 billion New Taiwan dollars ($10.1 billion) against the LSEG estimate of NT$300.2 billion for the July-September quarter, said the media outlet. ...

Did TSMC raise its full-year revenue forecast?

On its last earnings call in July, TSMC raised its full-year revenue forecast and adjusted its capital expenditure plans for this year to between $30 billion and $32 billion, compared with a previous forecast of $28 billion to $32 billion. ...

When will TSMC report full third quarter earnings?

TSMC will report full third quarter earnings on Oct. 17, when it will also update its outlook. The company's Taipei listed stock has risen 72% so far this year, compared with a 26% gain for the broader market. It closed up 1% on Wednesday ahead of the release of the revenue numbers. ...

Should you buy TSMC (TSMC) stock in Q3 2024?

TSMC’s stock has rallied 12% since last coverage, approaching the target price of $210 with solid growth prospects. Q3 2024 revenue reached NT$759.69 billion (~$23.6 billion), surpassing analyst expectations due to AI chip demand. TSMC's 3nm technology accounted for 15% of wafer revenue in Q2 2024, with further growth expected from 2nm chips. ...

Why did Taiwan Semiconductor Manufacturing (TSMC) report a strong third quarter profit?

Taiwan Semiconductor Manufacturing Company (TSMC) reports a stronger-than-expected third quarter profit, fueled by a booming AI sector and 54 per cent growth in revenue. ...