The earnings call highlighted strong financial performance driven by AI and smartphone demand, with substantial growth in advanced technologies and global expansion plans. However, challenges such as declining DCE revenue and increased electricity costs were noted. Despite these challenges, the outlook remains largely positive due to robust AI demand and strategic global investments.

Company Guidance

During TSMC's Q3 2024 earnings call, guidance for Q4 2024 was provided, highlighting expectations for continued strong demand, particularly driven by advancements in AI and smartphone technologies. TSMC projected Q4 revenue to range between USD 26.1 billion and USD 26.9 billion, representing a 13% sequential growth or a 35% year-over-year increase at the midpoint. Gross margin was anticipated to be between 57% and 59%, with operating margin expected to range from 46.5% to 48.5%. The company's 2024 capital expenditures were forecasted to slightly exceed USD 30 billion, with a significant portion allocated to advanced process technologies. TSMC also emphasized its strategic focus on maintaining robust capacity planning to support its growth trajectory and capitalizing on AI-related opportunities.

Strong Revenue Growth

Third quarter revenue increased 12.8% sequentially due to strong smartphone- and AI-related demand, with a year-over-year increase of 35% expected for Q4.

Increased Gross and Operating Margins

Gross margin increased by 4.6 percentage points to 57.8%, and operating margin increased by 5 percentage points to 47.5%.

Advanced Technology Revenue

Advanced technologies (7-nanometer and below) accounted for 69% of wafer revenue, with 3-nanometer technology contributing 20% of wafer revenue.

AI Demand Expected to Triple

Revenue contribution from server AI processors is expected to more than triple, accounting for mid-teens percentage of total revenue in 2024.

Global Expansion

Significant progress in global expansion with fabs in Arizona (U.S.), Kumamoto (Japan), and Dresden (Germany) focusing on advanced and specialty technologies.

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TSMC (TSM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 19, 2018	2018 (Q2)	- / 0.46	0.422	7.82% (+0.03)	―	―
Oct 18, 2018	2018 (Q3)	- / 0.56	0.574	-3.31% (-0.02)	―	―
Jan 17, 2019	2018 (Q4)	- / 0.63	0.651	-3.84% (-0.03)	―	―
Apr 18, 2019	2019 (Q1)	- / 0.38	0.59	-34.92% (-0.21)	―	―
Jul 18, 2019	2019 (Q2)	- / 0.41	0.455	-9.01% (-0.04)	―	―
Oct 17, 2019	2019 (Q3)	- / 0.64	0.555	14.77% (+0.08)	―	―
Jan 16, 2020	2019 (Q4)	- / 0.75	0.626	19.33% (+0.12)	―	―
Apr 16, 2020	2020 (Q1)	- / 0.75	0.384	95.83% (+0.37)	―	―
Jul 16, 2020	2020 (Q2)	- / 0.79	0.414	91.06% (+0.38)	―	―
Oct 15, 2020	2020 (Q3)	- / 0.92	0.637	44.74% (+0.29)	―	―

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

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TSM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 16, 2025	$206.80	$214.79	+3.86%
Oct 17, 2024	$187.01	$205.32	+9.79%
Jul 18, 2024	$170.28	$170.94	+0.39%
Apr 18, 2024	$137.94	$131.23	-4.86%

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.

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