tiprankstipranks
TSMC Reports Strong Fourth Quarter 2024 Earnings
Company Announcements

TSMC Reports Strong Fourth Quarter 2024 Earnings

Taiwan Semiconductor Manufacturing ( (TSM) ) has released its Q4 earnings. Here is a breakdown of the information Taiwan Semiconductor Manufacturing presented to its investors.

Stay Ahead of the Market:

Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s leading dedicated semiconductor foundry, providing advanced technology services to a global clientele across Asia, Europe, and North America. Established in 1987, TSMC has pioneered the pure-play foundry business model and continues to innovate in the semiconductor industry.

In its latest earnings report for the fourth quarter of 2024, TSMC reported a significant financial performance with a consolidated revenue of NT$868.46 billion, a net income of NT$374.68 billion, and a diluted EPS of NT$14.45. Year-over-year, the company’s revenue increased by 38.8%, with net income and diluted EPS seeing a substantial rise of 57.0%. This growth was further reflected in their US dollar revenue, which reached $26.88 billion, marking a 37.0% increase from the previous year.

Key financial indicators for TSMC showed a gross margin of 59.0% and a net profit margin of 43.1% for the fourth quarter. The company achieved a significant boost in advanced technology shipments, with 3-nanometer processes accounting for 26% of total wafer revenue. High performance computing and smartphone platforms contributed to 53% and 35% of the net revenue, respectively, highlighting strong demand across these sectors.

Looking ahead, TSMC remains focused on maintaining its technological leadership and managing its operational capacity to meet global semiconductor demands. The company plans to continue investing in advanced process technologies while navigating potential market fluctuations and competitive pressures.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles