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TSM Earning Date, Transcript Summary & Report

Taiwan Semiconductor Manufacturing Co Ltd
$
146.800
-10.580(-6.720%)

TSM Earnings Prediction

The chart below shows how TSM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TSM sees a -4.26% change in stock price 10 days leading up to the earnings, and a -2.16% change 10 days following the report. On the earnings day itself, the stock moves by +2.93%. This data can give you a slight idea of what to expect for the next quarter's release.

TSM Key Earning Data

2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
26.86B
36.54%
14.07%
Gross Margin
59.00%
11.24%
2.02%
Operating Margin
49.02%
17.84%
3.22%
Net Margin
43.12%
13.18%
0.77%
EPS
0.45
55.17%
15.38%
No Data Available

TSM Earnings Analysis

Taiwan Semiconductor Manufacturing Co Ltd Corporation (TSM.N) Earnings Conference Call

Positive

  • Quarterly Revenue Surge: Fourth quarter revenue increased 14.3% sequentially in NT, driven by strong demand for 3 nanometer and 5 nanometer technologies.

  • Gross Margin Improvement: Gross margin rose by 1.2 percentage points sequentially to 59%, reflecting higher capacity utilization and productivity gains.

  • Operating Margin Improvement: Operating margin increased by 1.5 percentage points sequentially to 49%, with total operating expenses accounting for only 10% of net revenue.

  • Revenue Increase and Technology Shift: Full year 2024 revenue increased 30% in US dollar terms to $90 billion, with advanced technologies accounting for 69% of total wafer revenue, up from 58% in 2023.

  • Cash Dividends Increase: Cash dividends for 2024 totaled TWD363 billion, marking a 24.5% year-over-year increase.

Negative

  • Q4 Revenue Decline Guidance: Fourth quarter revenue guidance indicates a sequential decline of 5.5%, reflecting potential challenges in maintaining growth momentum amid smartphone seasonality.

  • Operating Margin Decline: Operating margin is expected to decrease by 100 basis points in the first quarter of 2025 due to ramp costs associated with new technologies and dilution from overseas fabs.

  • Margin Dilution Projections: The anticipated margin dilution from overseas fabs is projected to be 2% to 3% annually over the next five years, indicating a significant long-term impact on profitability.

  • Impact of Inflation on Margins: Inflationary costs, particularly higher electricity prices in Taiwan, are expected to negatively impact gross margin by at least 1% in 2025, adding pressure to overall profitability.

  • Gross Margin Dilution Forecast: The company has indicated that the ramp-up costs associated with new technologies, including N2 and CoWoS expansion, will further dilute gross margins by approximately 1% in 2025.

Key Financial Performance iconKey Financial Performance
Operating Highlights iconOperating Highlights
Risks or Challenges iconRisks or Challenges
Strategic Initiatives & Outlook iconStrategic Initiatives & Outlook
Shareholder Return Plan iconShareholder Return Plan

TSM FAQs

How does TSM typically perform around its earnings report dates?

TSM's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -4.26% change leading up to the report and a -2.16% change in the 10 days following the release.

Is Taiwan Semiconductor Manufacturing Co Ltd (TSM) Q3 2024 Earnings Conference Call Summary positive or negative?

How can historical earnings data help predict future stock performance?

TSM Earnings Deck

Taiwan Semiconductor Manufacturing Co Ltd (TSM) Q4 2024 Earnings Conference Call Transcript

TSM Earning Call Sentiment

Taiwan Semiconductor Manufacturing Co Ltd (TSM) Q4 2024 Earnings Conference Call Transcript

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