Benefiting from the surge in demand for high-end chips, Taiwan Semiconductor's net profit in the second quarter increased by over 77%, exceeding market expectations
Taiwan Semiconductor announced its second-quarter financial report, with net profit soaring 77.4% year-on-year to NT$706.56 billion, significantly exceeding market expectations. Revenue reached NT$1.27 trillion, a year-on-year increase of 36%, marking a historical high for five consecutive quarters. Benefiting from the surge in demand for AI chips, the proportion of advanced processes reached 77%
The world's largest foundry, Taiwan Semiconductor Manufacturing Company (TSMC), announced its second-quarter financial report on Thursday, with net profit soaring 77.4% year-on-year, significantly exceeding market expectations, and the company's performance continues to set historical highs.
The following is a comparison of TSMC's actual second-quarter performance with the consensus expectations from Refinitiv SmartEstimate (which weights analyst opinions for higher long-term forecast accuracy):
Revenue: NT$1.27 trillion (equivalent to US$39.45 billion), market expectation NT$1.264 trillion
Net profit: NT$706.56 billion, market expectation NT$632.64 billion
The tech giant's net profit for the second quarter ending in June has set a historical high for the fifth consecutive quarter, with a quarter-on-quarter increase of 23.4%.
The company's second-quarter revenue reached NT$1.27 trillion, a 36% increase compared to NT$933.79 billion in the same period last year. TSMC stated that revenue from advanced process chips of 7nm and below accounted for 77% of total wafer revenue.
Earlier this week, TSMC had already disclosed impressive revenue performance for June, with significant growth in overall performance for the quarter.
TSMC's stock price has risen over 58% year-to-date, increasing by 1.23% on Thursday.
As the highest-valued company in Asia, TSMC benefits from the strong demand for AI chip foundry services from global tech giants, with clients including NVIDIA, Apple, and Broadcom
