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TSMC (DE:TSFA)
FRANKFURT:TSFA
Earnings Data
Report Date
Apr 16, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.71Last Year’s EPS
1.8Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong financial and operational performance with substantial revenue, margin and earnings growth for 2025, robust AI-driven demand and clear multi-year growth targets. Management provided upbeat guidance for 2026 (midpoint Q1 gross margin ~64%, revenue growth) and reiterated technology leadership (N2 HVM, N2P, A16) and ambitious long-term growth/CAGR targets. However, the company also flagged meaningful near- and medium-term challenges: significantly higher CapEx, margin dilution from overseas fab ramps and N2, supply tightness that will persist until new capacity comes online, rising depreciation and cost pressures, and execution/talent and permitting risks tied to global expansion. On balance, positives (strong growth, margins, cash generation, AI momentum and technology leadership) outweigh the risks, but the path forward requires executing large investments and managing margin dilution and capacity constraints.Company Guidance
Strong Quarterly and Full-Year Revenue Growth
Q4 2025 revenue rose 5.7% sequentially (NT) and 1.9% sequentially in U.S. dollar terms, with full-year 2025 revenue up 35.9% in U.S. dollar terms (31.6% in NT) vs. 2024.
Material Margin and Profitability Improvement
Q4 gross margin improved 2.8 percentage points sequentially to 62.3%; operating margin rose 3.4 ppts to 54%. Full-year gross margin increased 3.8 ppts to 59.9% and operating margin increased 5.1 ppts to 50.8%.
Strong Earnings, ROE and Cash Generation
Q4 EPS was TWD 19.5; Q4 ROE 38.8%. Full-year EPS rose 46.4% to TWD 66.25 and ROE increased to 35.4%. 2025 operating cash flow was TWD 2.3 trillion, free cash flow TWD 1 trillion (up 15.2% vs. 2024).
Advanced-node Mix and Technology Leadership
Advanced technologies (≤7nm) comprised 77% of Q4 wafer revenue (N3: 28%, N5: 35%, N7: 14%). 3-nanometer represented 24% of 2025 wafer revenue. N2 entered high-volume manufacturing in Q4 2025 at Taiwan sites with good yield; N2P and A16 scheduled for volume in H2 2026.
AI and Long-Term Growth Outlook
AI accelerator revenue accounted for high-teens percent of total revenue in 2025. Management now forecasts AI accelerator revenue approaching a mid- to high-50s % CAGR (2024–2029) and expects overall long-term revenue growth to approach ~25% CAGR (2024–2029).
Platform Performance — HPC and Smartphone Strength
Q4 HPC contributed 55% of revenue (qoq +4%) and full-year HPC grew 48% y/y, accounting for 58% of 2025 revenue. Smartphone revenue rose 11% qoq in Q4 and increased 11% y/y for 2025.
Shareholder Returns and Dividend Increases
2025 cash dividends totaled TWD 18 per share (up from TWD 14 in 2024). Paid TWD 467 billion in cash dividends (up 28.6% y/y). Company committed to at least TWD 23 per share in 2026 and stated intent for steadily increasing dividends.
Balance Sheet and Liquidity
Company reported cash and marketable securities of TWD 3.1 trillion (~USD 98 billion) and strong cash generation in the quarter (generated about TWD 726 billion cash from operations in Q4).
DE:TSFA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:TSFA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 15, 2026 | €280.50 | €297.00 | +5.88% |
Oct 16, 2025 | €260.48 | €256.49 | -1.53% |
Jul 17, 2025 | €203.59 | €212.05 | +4.16% |
Apr 17, 2025 | €132.42 | €133.02 | +0.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TSMC (DE:TSFA) report earnings?
TSMC (DE:TSFA) is schdueled to report earning on Apr 16, 2026, TBA (Confirmed).
What is TSMC (DE:TSFA) earnings time?
TSMC (DE:TSFA) earnings time is at Apr 16, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DE:TSFA EPS forecast?
DE:TSFA EPS forecast for the fiscal quarter 2026 (Q1) is 2.71.
