Taiwan Semiconductor Manufacturing Company (TSMC) has reported its fourth-quarter earnings, with consolidated revenue reaching NT$868.46 billion and net income of NT$374.68 billion. This represents a 38.8% year-over-year increase in revenue, while net income and diluted EPS grew by 57.0%.
In the fourth quarter, TSMC’s shipments of 3-nanometer wafers accounted for 26% of total wafer revenue, with 5-nanometer wafers making up 34%. The company’s advanced technologies, defined as 7-nanometer and more advanced, accounted for 74% of total wafer revenue.
TSMC’s Chief Financial Officer, Wendell Huang, attributed the strong fourth-quarter results to demand for the company’s industry-leading 3nm and 5nm technologies. However, he also noted that the business may be impacted by smartphone seasonality in the first quarter of 2025, partially offset by growth in AI-related demand.
Looking ahead, TSMC expects its revenue to range from US$25.0 billion to US$25.8 billion in the first quarter of 2025, with a gross profit margin between 57% and 59%. The company also anticipates an operating profit margin of 46.5-48.5% and plans to spend between US$38 billion and US$42 billion on capital expenditures in 2025.
Source: https://pr.tsmc.com/english/news/3201