From Financial Modeling Prep: 2024-10-17 14:09:00

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) exceeded expectations with a third-quarter profit of T$325.26 billion ($10.1 billion), driven by demand from the AI sector. Revenue rose to T$759.69 billion, up 39% year-over-year, with 3-nanometer chips contributing significantly.

TSMC’s fourth-quarter revenue is projected to be between $26.1 billion and $26.9 billion, with a gross margin of 57% to 59%. Annual revenue growth is expected to be around 30%, showcasing strong performance and outlook.

Despite a 19% decline in revenue from Digital Consumer Electronics, TSMC’s High-Performance Computing division saw a surge, emphasizing the company’s focus on AI-driven growth. The overall mixed results highlight the importance of diversification in the semiconductor industry.



Read more at Financial Modeling Prep:: TSMC Reports Strong Third-Quarter Earnings on AI D…