TSMC Reports Q4 Non-GAAP EPS of $3.14, Revenue of $33.73B, Both Beating Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Beat: TSMC's Q4 non-GAAP EPS of $3.14 exceeded expectations by $0.16, demonstrating the company's robust performance and profitability in the semiconductor sector.
- Significant Revenue Growth: The fourth-quarter revenue reached $33.73 billion, marking a 25.5% year-over-year increase, which not only surpassed expectations by $1 billion but also reflects strong global demand for advanced process chips.
- Advanced Technology Contribution: Shipments of 3nm, 5nm, and 7nm technologies accounted for 28%, 35%, and 14% of total wafer revenue, respectively, with advanced technologies (7nm and above) contributing 77%, underscoring TSMC's leadership in the high-end market.
- Positive Market Outlook: The majority of analysts maintain a “Buy” rating for TSMC, anticipating continued strong performance driven by demand in AI and high-performance computing sectors.
Analyst Views on TSM
Wall Street analysts forecast TSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSM is 348.25 USD with a low forecast of 290.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 331.210
Low
290.00
Averages
348.25
High
400.00
Current: 331.210
Low
290.00
Averages
348.25
High
400.00
About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based integrated circuit foundry service provider. The Company is primarily engaged in integrated circuit manufacturing services. It offers advanced process technologies, specialised process solutions, advanced photomask and silicon stacking, and packaging-related technologies, while supporting a comprehensive design ecosystem. The Company's products serve diverse electronic sectors including artificial intelligence, high-performance computing, wired and wireless communications, automotive and industrial equipment, personal computing, information applications, consumer electronics, smart internet of things, and wearable devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
