On July 28, 2023, the logo of Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) can be seen at the opening ceremony of the TSMC Global R&D Center in Hsinchu.
Amber Wang | AFP | Getty Images
TSMC fourth quarter financial report revenue and profit Demand for advanced chips used in artificial intelligence applications continues to surge beyond expectations.
Here’s how TSMC’s fourth-quarter results compare to the London Stock Exchange’s consensus estimates:
- Net revenue: NT$868.46 billion (US$26.36 billion), compared with NT$850.08 billion expected
- Net profit: NT$374.68 billion, expected NT$366.61 billion
TSMC’s first-quarter revenue increased by 38.8% year-on-year, and net profit increased by 57%.
The company expects fourth-quarter revenue to be between $26.1 billion and $26.9 billion.
TSMC is the world’s largest contract chipmaker, producing advanced processors for customers such as Nvidia and Apple and benefiting from the larger trend in artificial intelligence.
The company announced its December revenue last week, with total revenue for the year reaching NT$2.9 trillion, setting a sales record since the company went public in 1994.
In 2025, the company will face some headwinds over U.S. export controls to China, as well as uncertainty over the trade policies of President-elect Donald Trump, who has threatened widespread tariffs and accused Taiwan of “stealing” U.S. chip business.
TSMC’s Taiwan-listed shares have risen 81% in 2024, rising 3.75% on Thursday.
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