TSM Stock - Taiwan Semiconductor Manufacturing Company Limited
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.89T | $2.16T | $2.26T | $1.59T | $1.34T |
| Gross Profit | $1.62T | $1.18T | $1.35T | $819.54B | $711.13B |
| Gross Margin | 56.1% | 54.4% | 59.6% | 51.6% | 53.1% |
| Operating Income | $1.32T | $921.47B | $1.12T | $649.98B | $566.78B |
| Net Income | $1.16T | $851.74B | $992.92B | $592.36B | $510.74B |
| Net Margin | 40.0% | 39.4% | 43.9% | 37.3% | 38.1% |
| EPS | $223.40 | $164.25 | $191.45 | $114.20 | $98.50 |
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 8th 2025 | Bernstein | Reiterated | Outperform | $330← $290 |
| September 16th 2025 | Barclays | Reiterated | Overweight | $325← $275 |
| April 15th 2025 | Daiwa Securities | Upgrade | Buy | - |
| July 18th 2024 | TD Cowen | Reiterated | Hold | $170← $130 |
| July 15th 2024 | Needham | Reiterated | Buy | $210← $168 |
| April 18th 2024 | TD Cowen | Reiterated | Hold | $130← $100 |
| April 18th 2024 | Daiwa Securities | Downgrade | Outperform | - |
| April 10th 2024 | Needham | Reiterated | Buy | $168← $133 |
| January 19th 2024 | Needham | Reiterated | Buy | $133← $115 |
| January 12th 2024 | TD Cowen | Reiterated | Market Perform | $95← $85 |
| October 23rd 2023 | Barclays | Initiation | Overweight | $105 |
| July 14th 2023 | Susquehanna | Reiterated | Positive | $135← $128 |
| April 17th 2023 | Susquehanna | Upgrade | Positive | $126 |
| September 14th 2022 | Daiwa Securities | Upgrade | Buy | - |
| June 22nd 2022 | Loop Capital | Initiation | Buy | - |
Earnings History & Surprises
TSMEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 15, 2026 | — | — | — | — |
Q1 2026 | Jan 15, 2026 | $2.72 | — | — | — |
Q4 2025 | Oct 16, 2025 | $2.59 | $2.92 | +12.7% | ✓ BEAT |
Q3 2025 | Jul 17, 2025 | $2.37 | $2.47 | +4.2% | ✓ BEAT |
Q2 2025 | Apr 17, 2025 | $2.03 | $2.12 | +4.4% | ✓ BEAT |
Q1 2025 | Jan 16, 2025 | $2.17 | $2.24 | +3.2% | ✓ BEAT |
Q3 2024 | Jul 18, 2024 | $1.43 | $1.48 | +3.5% | ✓ BEAT |
Q2 2024 | Apr 18, 2024 | $1.32 | $1.39 | +5.3% | ✓ BEAT |
Q1 2024 | Jan 18, 2024 | $1.37 | $1.45 | +5.8% | ✓ BEAT |
Q2 2006 | Apr 27, 2006 | $0.17 | $0.19 | +11.8% | ✓ BEAT |
Q1 2006 | Mar 31, 2006 | — | $0.19 | — | — |
Q4 2005 | Oct 27, 2005 | $0.14 | $0.14 | 0.0% | = MET |
Q3 2005 | Jul 26, 2005 | $0.11 | $0.11 | 0.0% | = MET |
Q2 2005 | Apr 26, 2005 | $0.10 | $0.10 | 0.0% | = MET |
Q1 2005 | Mar 31, 2005 | — | $0.10 | — | — |
Q4 2004 | Oct 26, 2004 | $0.14 | $0.16 | +14.3% | ✓ BEAT |
Q3 2004 | Jul 29, 2004 | $0.12 | $0.14 | +16.7% | ✓ BEAT |
Q2 2004 | May 28, 2004 | — | $0.11 | — | — |
Q2 2004 | Apr 21, 2004 | $0.10 | $0.11 | +10.0% | ✓ BEAT |
Q4 2003 | Oct 28, 2003 | $0.08 | $0.09 | +12.5% | ✓ BEAT |
Latest News
'How China Built Its 'Manhattan Project' To Rival The West In AI Chips' - Reuters Exclusive
➖ NeutralBloomberg Reported China Prepares Up To $70B In Chip Sector Incentives
📈 PositiveTSMC Reports November 2025 Revenue Of NT$343.61B, Up 24.5% YoY, With Jan-Nov Revenue NT$3,474.05B Up 32.8%
📈 PositiveBernstein Maintains Outperform on Taiwan Semiconductor, Raises Price Target to $330
📈 PositiveCNBC Halftime Report Final Trades: Taiwan Semiconductor Manufacturing, Apple Inc., State Street SPDR S&P Biotech ETF
➖ Neutral'Apple Increased A19 Chip Orders By 5 Million Units, Prompting Tsmc To Adjust Capacity' - DigiTimes Alert
📈 PositiveNvidia's results and guidance are a 'green flag' for Taiwan Semiconductor: Wedbush
📈 PositiveShares of broader software stocks are trading lower. The tech sector has been under pressure amid AI valuation uncertainty and profit taking.
📉 NegativeShares of broader chip stocks are trading lower. The sector has been under pressure amid AI valuation uncertainty and profit taking.
📉 NegativeShares of chip stocks are trading lower amid a broader selloff in tech and AI-related names.
📉 NegativeCNBC Halftime Report Final Trades: Taiwan Semiconductor Manufacturing, HealthEquity, State Street SPDR S&P Biotech ETF, Cboe Global Markets
➖ NeutralGlobalFoundries Enter sLicense Agreement With TSMC For 650V And 80V Gallium Nitride Technology
📈 PositiveShares of semiconductor stocks are trading higher after Taiwan Semiconductor reported 16.9% year over year revenue growth for October. Stocks across sectors are also higher after Senate leaders approved a deal clearing the path to end the US government shutdown.
📈 PositiveTaiwan Semiconductor Manufacturing Clocks 16.9% YoY Revenue Growth In October 2025
📈 PositiveShares of chip stocks are trading lower amid overall market weakness as investors assess tech valuations, a drop in consumer sentiment and the US government shutdown.
📉 NegativeNVIDIA CEO Jensen Huang Arrives In Taiwan Says Business Is Strong Visits TSMC Fab And Sports Day, Not Planning Shipments To China But Hopes To Return
📈 PositiveTesla CEO Elon Musk Says Starting Cybercab Production In April; Chip To Be Made By TSMC In Taiwan, Texas And Arizona, And By Samsung In Korea; Tesla Will Have To Build Massive Chip Factory; Starting Next Year We Manufacture Tesla Semi; Aspirationally, We'd Aim To Increase Vehicle Production By About 50% By The End Of Next Year; Says Think We'll Be Able To Deploy All The Cybercabs That We Produce; Roadster 2 Unveil Will Be On April 1; Production Of Roadster 2 Will Be 12-18 Months After Unveil
📈 PositiveShares of chip stocks are trading lower after Chicago Fed President Goolsbee expressed uncertainty about further rate cuts, citing the prolonged government shutdown as the reason for lack of recent inflation data.
📉 NegativeTaiwan Semiconductor Manufacturing Appoints Sajiv Dalal CEO Of TSMC North America, Effective Jan. 1, 2026
➖ NeutralTesla CEO Elon Musk Posts On X "Slightly different versions of the Tesla AI5 chip will be made at TSMC and Samsung simply because they translate designs to physical form differently, but the goal is that our AI software works identically
➖ NeutralFrequently Asked Questions about TSM
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