Taiwan Semiconductor Manufacturing Company (TSMC) today (16th) announced its financial report for the fourth quarter of 2024, with consolidated revenue of approximately NT$868.46 billion and net income after tax of approximately NT$374.68 billion. Earnings per share were NT$14.45 (equivalent to $2.24 per American Depositary Receipt unit).

Compared to the same period last year, revenue for the fourth quarter of 2024 increased by 38.8%, and both net income after tax and earnings per share increased by 57.0%. Compared to the previous quarter, revenue for the fourth quarter of 2024 increased by 14.3%, and net income after tax increased by 15.2%. All financial figures are based on consolidated financial statements and are prepared in accordance with the International Financial Reporting Standards (TIFRS) as approved by the Financial Supervisory Commission.

In U.S. dollar terms, revenue for the fourth quarter of 2024 was $26.88 billion, up 37.0% from the same period last year and up 14.4% from the previous quarter.

The gross margin for the fourth quarter of 2024 was 59.0%, the operating margin was 49.0%, and the net profit margin after tax was 43.1%.

Shipments of 3-nanometer process technology accounted for 26% of TSMC's wafer sales revenue in the fourth quarter of 2024, 5-nanometer process technology accounted for 34% of the quarter's wafer sales revenue, and 7-nanometer process technology accounted for 14% of the quarter's wafer sales revenue. Overall, revenue from advanced technologies (including 7-nanometer and more advanced technologies) accounted for 74% of the quarter's wafer sales revenue.

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