[News] TSMC Projects Q1 Gross Margin to Hold Steady at 58%, with 2025 CapEx Rising up to USD 42 Billion

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TSMC held its Q4 earnings call today (16th), reporting an EPS for 2024 that exceeded expectations, reaching NT$45.25 (USD 1.41).

For the 2025 financial outlook, TSMC forecasts Q1 revenue to range between USD 25 billion and USD 25.8 billion, with a gross margin of 57-59% and an operating margin of 46.5-48.5%.

TSMC’s capital expenditures for Q4 2024 amounted to USD 11.23 billion, while the total consolidated capital expenditure for 2024 reached USD 29.76 billion.

Benefiting from demand driven by 5G, AI, and HPC (high-performance computing), TSMC anticipates capital expenditures for 2025 to be in the range of USD 38-42 billion. Among this, 70% will be allocated to advanced process development, 20-30% to specialty technology, and 10-20% to packaging, testing, and other areas.

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(Photo credit: TSMC)