[News] TSMC Reports Strong Q2 Financial Results, with 3nm Accounting for 15% of Shipments

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Moments before TSMC’s earnings call, TSMC has released its financial results for the second quarter of 2024. Reportedly, TSMC announced consolidated revenue of NTD 673.51 billion, net income of NTD 247.85 billion, and diluted earnings per share of NTD 9.56 (USD 1.48 per ADR unit) for the quarter ended June 30, 2024.

(Photo credit: TSMC)

Compared to the same period last year, TSMC reported a 40.1% increase in second quarter revenue, with net income and diluted EPS also rising by 36.3%. Quarter-over-quarter comparisons with the first quarter of 2024 showed a 13.6% increase in revenue and a 9.9% increase in net income. All financial figures were prepared in accordance with TIFRS on a consolidated basis.

(Photo credit: TSMC)

In US dollars, TSMC’s second quarter revenue reached USD 20.82 billion, marking a 32.8% year-over-year increase and a 10.3% increase from the previous quarter. The quarter saw a gross margin of 53.2%, an operating margin of 42.5%, and a net profit margin of 36.8%.

During the second quarter, sales of 3-nanometer chips accounted for 15% (up from 9% of the first quarter) of total wafer revenue, while 5-nanometer chips accounted for 35%, and 7-nanometer chips accounted for 17%. Advanced technologies, including 7-nanometer and more advanced chips, constituted 67% of total wafer revenue.

(Photo credit: TSMC)

 

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(Photo credit: TSMC)