Catenaa, Friday, January 17, 2025-Taiwan Semiconductor Manufacturing Company (TSMC) announced a strong fourth-quarter performance, with revenue of NT$868.46 billion (US$26.88 billion) for the period ending December 31, 2024.
The company reported a 38.8% year-over-year increase in revenue, with net income rising 57.0% to NT$374.68 billion and earnings per share (EPS) hitting NT$14.45 (US$2.24 per ADR unit).
Compared to the third quarter of 2024, TSMC’s revenue increased by 14.3%, while net income grew by 15.2%. The company’s gross margin stood at 59.0%, operating margin at 49.0%, and net profit margin at 43.1%.
Shipments of advanced 3-nanometer and 5-nanometer technologies accounted for a significant portion of the revenue, with 3nm representing 26%, and 5nm at 34%. Combined, these advanced technologies made up 74% of total wafer revenue.
TSMC’s Senior VP and CFO, Wendell Huang, credited the strong results to continued demand for the company’s cutting-edge technologies. Looking ahead to the first quarter of 2025, TSMC expects a slight impact from seasonal smartphone demand, but growth in AI-related sectors is expected to help offset this.
For Q1 2025, TSMC forecasts revenue between US$25.0 billion and US$25.8 billion, with gross profit margins ranging from 57% to 59%. The company also expects a capital budget between US$38 billion and US$42 billion for 2025.
TSMC’s report can be found here.
