Taiwan Semiconductor Manufacturing Company Limited logo

Taiwan Semiconductor Manufacturing Company Limited

TSM

NYSETechnologySemiconductors

Previous close

$418.95

+$2.95 · +0.71%

Aug 21, 4:00 PM ET

TSM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

78

Undervalued

Momentum

58

Neutral

Sentiment

78

Bullish

Risk resilience

57

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Taiwan Semiconductor Manufacturing Company Limited (TSMC), along with its affiliated entities, operates globally in the semiconductor industry, specializing in the manufacturing, packaging, meticulous testing, and worldwide distribution of integrated circuits and other crucial semiconductor components. Its expansive international presence covers key markets such as Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company is renowned for its diverse array of wafer fabrication processes. These capabilities enable the production of various advanced semiconductor types, including complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal devices, radio frequency components, embedded memory, and bipolar CMOS mixed-signal circuits. Beyond its core foundry services, TSMC extends its offerings to include dedicated customer and engineering support. It also undertakes the production of specialized masks, actively invests in burgeoning technology startups, and manages the entire lifecycle—from research and development through to manufacturing, packaging, testing, and sales—of color filters. Furthermore, the company provides a range of investment services. TSMC's cutting-edge products are indispensable across numerous sectors, powering high-performance computing, modern smartphones, Internet of Things (IoT) ecosystems, sophisticated automotive systems, and a broad spectrum of digital consumer electronics. Established in 1987, the enterprise is officially headquartered in Hsinchu City, Taiwan.

Industry
Semiconductors
Sector
Technology
Headquarters
TW
CEO
C. C. Wei
Listed since
Oct 9, 1997
Employees
65,152

Market position

Day range

Current $418.95

52-week range

Current $418.95

Open
$421.7
Previous close
$416
Volume
7.42M
0.54× average
Average volume
13.81M
Average daily volume
Market cap
2.17T USD
Beta
1.39
Market reference 1
50-day average
$424.52
-1.31% below average
200-day average
$366.38
+14.35% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
47.67T TWD
P/E (TTM)
27.76×
P/B (TTM)
9.65×
P/S (TTM)
13.99×
EV / EBITDA
17.32×
Earnings yield
3.52%
Free cash flow yield
2.22%
Dividend yield
0.92%

Profitability & efficiency

Gross margin
64.23%
Operating margin
56.04%
Net margin
50.38%
Return on equity
32.41%
Return on assets
21.88%
Return on invested capital
25.10%

Financial health

Debt / equity
0.15×
Current ratio
2.51×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends62%53%44%35%Gross margin, FY2021: 51.63%Gross margin, FY2022: 59.56%Gross margin, FY2023: 54.36%Gross margin, FY2024: 56.12%Gross margin, FY2025: 59.89%Operating margin, FY2021: 40.95%Operating margin, FY2022: 49.53%Operating margin, FY2023: 42.63%Operating margin, FY2024: 45.68%Operating margin, FY2025: 50.82%Net margin, FY2021: 37.32%Net margin, FY2022: 43.86%Net margin, FY2023: 39.40%Net margin, FY2024: 40.02%Net margin, FY2025: 45.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 51.63%. Gross margin FY2022 59.56%. Gross margin FY2023 54.36%. Gross margin FY2024 56.12%. Gross margin FY2025 59.89%. Operating margin FY2021 40.95%. Operating margin FY2022 49.53%. Operating margin FY2023 42.63%. Operating margin FY2024 45.68%. Operating margin FY2025 50.82%. Net margin FY2021 37.32%. Net margin FY2022 43.86%. Net margin FY2023 39.40%. Net margin FY2024 40.02%. Net margin FY2025 45.10%.

Income trends

Revenue

3.85T TWD+32.97%

Operating income

1.96T TWD+47.93%

Net income

1.74T TWD+49.84%
Income trends across reported periods4.17T TWD2.87T TWD1.57T TWD266.74B TWDRevenue, FY2021: 1.59T TWDRevenue, FY2022: 2.26T TWDRevenue, FY2023: 2.16T TWDRevenue, FY2024: 2.89T TWDRevenue, FY2025: 3.85T TWDOperating income, FY2021: 649.98B TWDOperating income, FY2022: 1.12T TWDOperating income, FY2023: 921.47B TWDOperating income, FY2024: 1.32T TWDOperating income, FY2025: 1.96T TWDNet income, FY2021: 592.36B TWDNet income, FY2022: 992.92B TWDNet income, FY2023: 851.74B TWDNet income, FY2024: 1.16T TWDNet income, FY2025: 1.74T TWDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.59T TWD. Revenue FY2022 2.26T TWD. Revenue FY2023 2.16T TWD. Revenue FY2024 2.89T TWD. Revenue FY2025 3.85T TWD. Operating income FY2021 649.98B TWD. Operating income FY2022 1.12T TWD. Operating income FY2023 921.47B TWD. Operating income FY2024 1.32T TWD. Operating income FY2025 1.96T TWD. Net income FY2021 592.36B TWD. Net income FY2022 992.92B TWD. Net income FY2023 851.74B TWD. Net income FY2024 1.16T TWD. Net income FY2025 1.74T TWD.
Metric (TWD)FY2025FY2024FY2023FY2022FY2021
Revenue3.85T TWD2.89T TWD2.16T TWD2.26T TWD1.59T TWD
Cost of goods sold1.54T TWD1.27T TWD986.63B TWD915.54B TWD767.88B TWD
Gross profit2.3T TWD1.62T TWD1.18T TWD1.35T TWD819.54B TWD
Research and development248.98B TWD204.18B TWD182.37B TWD163.26B TWD124.73B TWD
Selling, general, and administrative100.25B TWD96.89B TWD71.46B TWD63.45B TWD44.49B TWD
Operating expenses349.23B TWD302.3B TWD253.65B TWD227.08B TWD169.56B TWD
Interest income94.34B TWD87.21B TWD60.29B TWD22.42B TWD5.71B TWD
Interest expense10.5B TWD12B TWD11.75B TWD5.41B TWD
Depreciation and amortization695.22B TWD662.8B TWD532.19B TWD437.25B TWD422.39B TWD
Operating income1.96T TWD1.32T TWD921.47B TWD1.12T TWD649.98B TWD
Net income1.74T TWD1.16T TWD851.74B TWD992.92B TWD592.36B TWD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$589

40.59% upside
Past 12 months12-month forecastHigh $700Average $589Low $500

TSM news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.7692

2025 complete year+87.1% since 2021

2026 partial: $1.8783

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 16, 2026

$1.1136

Quarterly

Record Sep 16, 2026 · Payment Oct 8, 2026

DividendUpcoming

Ex-dividend Dec 10, 2026

$1.0854

Quarterly

Record Dec 10, 2026 · Payment Jan 7, 2027

Dividend

Ex-dividend Jun 11, 2026

$0.9393

Quarterly

Record Jun 11, 2026 · Payment Jul 9, 2026

Dividend

Ex-dividend Mar 17, 2026

$0.939

Quarterly

Record Mar 17, 2026 · Payment Apr 9, 2026

Dividend

Ex-dividend Dec 11, 2025

$0.7954

Quarterly

Record Dec 11, 2025 · Payment Jan 8, 2026

Dividend

Ex-dividend Sep 16, 2025

$0.822

Quarterly

Record Sep 16, 2025 · Payment Oct 9, 2025

TSM peers

ETFs holding TSM

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research TSM

research.disclaimer