News
TSMC profit jumps 77% from AI demand
TSMC profits soar 77% to record high as AI demand fuels growth
TSMC profits soar 77% to record high as AI demand fuels growth
– TSMC’s net income hit NT$706.56 billion in Q2, a 77.4% year-on-year increase.
– Demand for AI infrastructure has driven TSMC’s record earnings for five consecutive quarters.
Strong earnings
Consolidated revenue for April to June reached NT$1,270.38 billion, equivalent to about $39.6 billion, a 36% increase from a year prior.
This figure aligns with TSMC’s guidance of $39.0 billion to $40.2 billion.
Diluted earnings per share were NT$27.25 or approximately $4.31 per ADR unit, surpassing analysts’ expectations of around $3.80 per share.
Gross margins were projected between 65.5% and 67.5%, reflecting TSMC’s pricing power in advanced manufacturing.
Net income grew 23.4% compared to the first quarter’s profit, previously at NT$572.48 billion.
AI boost
TSMC has positioned itself as a key player in the global advancement of AI computing.
It produces sophisticated chips for companies like Nvidia, Apple, and AMD, all racing to enhance AI processing capabilities.
Analysts initially forecasted a 59% profit rise, indicating TSMC’s actual 77% growth is a significant accomplishment.
June revenue reached NT$442.68 billion, a record for the month with a 67.9% year-on-year increase.
