[News] TSMC Projects 7.5% Q3 Revenue Growth, Adjusts Full-Year CAPEX Range

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TSMC held its earnings call earlier today. Looking ahead to the third quarter, the company estimates that, based on an exchange rate of USD 1 to TWD 32.5, revenue will fall between USD 22.4 billion and USD 23.2 billion, representing at least a 7.5% increase quarter-over-quarter. Additionally, TSMC estimates that the gross margin for this quarter will be between 53.5% and 55.5%.

TSMC has announced consolidated revenue for the second quarter of TWD 673.51 billion, an increase of 13.6% quarter-over-quarter and 40.1% year-over-year. The accumulated consolidated revenue for the first half of the year is TWD 1.26 trillion, an increase of 27.9% year-over-year. The company’s profit for the second quarter was TWD 247.845 billion, a quarter-over-quarter increase of 9.9% and a year-over-year increase of 36.3%, with earnings per share of TWD 9.56.

TSMC Chairman and CEO C.C.Wei stated that TSMC continues to invest in advanced processes and support customer needs to ensure their success. He emphasized that TSMC’s success is tied to the success of its customers.

Wei further expressed satisfaction with the success of TSMC’s customers over the past few years, noting that leading-edge nodes continue to be produced in Taiwan. He also highlighted the close collaboration with customers and the sharing of value, expressing confidence that these strategies will enable TSMC to continue to grow healthily.

In order to support customer demand, TSMC has slightly narrowed its capital expenditure forecast range. The original range of USD 28-32 billion has been revised to an estimated range of USD 30-32 billion. This adjustment aligns roughly with market expectations; however, TSMC did not raise the upper limit but instead moved the lower limit upward.

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(Photo credit: TSMC)