TSM Earnings Report Q3 FY24
Taiwan Semiconductor (TSMC) is soaring after its earnings report after hiking its outlook, supported by strong smartphone and AI-related demand.
Chairman and CEO C.C. Wei:
"The demand is real, and I believe it's just the beginning."
Q3 FY24:
• Revenue +36% Y/Y $23.5B ($0.2B beat).
• 3nm & 5nm were 20% & 32% of revenue.
• Gross margin 58% (+4pp Y/Y).
• Operating margin 47% (+6pp Y/Y).
• Capex $6.4B.
• EPADR $1.94 ($0.15 beat).
FY24 Guidance:
• Revenue +30% (previously mid-20s).
• Capex of roughly $30B.
Chairman and CEO C.C. Wei:
"The demand is real, and I believe it's just the beginning."
Q3 FY24:
• Revenue +36% Y/Y $23.5B ($0.2B beat).
• 3nm & 5nm were 20% & 32% of revenue.
• Gross margin 58% (+4pp Y/Y).
• Operating margin 47% (+6pp Y/Y).
• Capex $6.4B.
• EPADR $1.94 ($0.15 beat).
FY24 Guidance:
• Revenue +30% (previously mid-20s).
• Capex of roughly $30B.
$Taiwan Semiconductor (TSM.US)$ $NVIDIA (NVDA.US)$ $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ $Palantir (PLTR.US)$ $Super Micro Computer (SMCI.US)$ $Arm Holdings (ARM.US)$ $Qualcomm (QCOM.US)$ $Broadcom (AVGO.US)$ $Invesco QQQ Trust (QQQ.US)$ $Invesco NASDAQ 100 ETF (QQQM.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Vanguard S&P 500 ETF (VOO.US)$ $iShares Core S&P 500 ETF (IVV.US)$ $iShares Russell 2000 ETF (IWM.US)$
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