| TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$759.69 billion, net income of NT$325.26 billion, and diluted earnings per share of NT$12.54 (US$1.94 per ADR unit) for the third quarter ended September 30, 2024. |
| Year-over-year, third-quarter revenue increased by 39.0% while net income and diluted EPS both increased by 54.2%. Compared to the second quarter of 2024, third-quarter results represented a 12.8% increase in revenue and a 31.2% increase in net income. All figures were prepared by TIFRS on a consolidated basis. |
| In US dollars, third-quarter revenue was $23.50 billion, which increased 36.0% year-over-year and increased 12.9% from the previous quarter. |
| The gross margin for the quarter was 57.8%, the operating margin was 47.5%, and the net profit margin was 42.8%. |
| In the third quarter, shipments of 3-nanometer accounted for 20% of total wafer revenue; 5-nanometer accounted for 32%; 7-nanometer accounted for 17%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 69% of total wafer revenue. |
| “Our business in the third quarter was supported by strong smartphone and AI-related demand for our industry-leading 3nm and 5nm technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into the fourth quarter of 2024, we expect our business to continue to be supported by strong demand for our leading-edge process technologies.” |
| Based on the Company’s current business outlook, management expects the overall performance for the fourth quarter of 2024 to be as follows: |
- Revenue is expected to be between US$26.1 billion and US$26.9 billion;
|
| And, based on the exchange rate assumption of 1 US dollar to 32.0 NT dollars, |
- Gross profit margin is expected to be between 57.0% and 59.0%;
|
- Operating profit margin is expected to be between 46.5% and 48.5%.
|
- (Unit: NT$ millions, except for EPS)
|
|
3Q24 Amount* |
3Q23 Amount |
YooY Inc. (Dec) % |
2024 Amount |
QoQ Inc. (Dec) % |
| Net Sales |
759.692 |
546.733 |
39.0 |
673.510 |
12.8 |
| Gross profit |
439.345 |
296.643 |
48.1 |
358.125 |
22.7 |
| Income from operations |
360.766 |
228.065 |
58.2 |
286.556 |
25.9 |
| Income before tax |
384.187 |
241.940 |
58.8 |
306.311 |
25.4 |
| Net Income |
325.258 |
211.000 |
54.2 |
247.845 |
31.2 |
| EPS (NT$) |
12.54 |
8.14 |
54.2 |
9.56 |
31.2 |
|
| For the full document click the link below: |
| TSMC |
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