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TSMC
(NYSE:TSM)
TSMC (TSM) vs. SPDR S&P 500 ETF (SPY)
TSMC Business Overview & Revenue Model
TSMC Key Performance Indicators (KPIs)
Breaks down revenue by technology type, providing insight into which innovations are most profitable and where the company might invest in further development.
The FlyTSMC Earnings Call Summary
TSMC Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.63T | 2.89T | 2.16T | 2.26T | 1.59T | 1.34T |
| Gross Profit | 2.14T | 1.62T | 1.18T | 1.35T | 819.54B | 711.13B |
| EBITDA | 2.73T | 1.98T | 1.52T | 1.59T | 1.09T | 918.55B |
| Net Income | 1.57T | 1.16T | 851.74B | 992.92B | 592.36B | 510.74B |
Balance Sheet | ||||||
| Total Assets | 7.35T | 6.69T | 5.53T | 4.96T | 3.73T | 2.76T |
| Cash, Cash Equivalents and Short-Term Investments | 2.81T | 2.49T | 1.71T | 1.59T | 1.20T | 799.89B |
| Total Debt | 949.21B | 1.05T | 956.26B | 888.17B | 753.63B | 367.79B |
| Total Liabilities | 2.32T | 2.41T | 2.08T | 2.05T | 1.57T | 924.84B |
| Stockholders Equity | 5.00T | 4.24T | 3.43T | 2.90T | 2.15T | 1.83T |
Cash Flow | ||||||
| Free Cash Flow | 889.87B | 870.17B | 286.57B | 520.97B | 262.72B | 301.19B |
| Operating Cash Flow | 2.17T | 1.83T | 1.24T | 1.61T | 1.11T | 822.67B |
| Investing Cash Flow | -1.09T | -864.84B | -906.12B | -1.19T | -836.37B | -505.78B |
| Financing Cash Flow | -433.39B | -346.30B | -204.89B | -200.24B | 136.61B | -88.62B |
TSMC Technical Analysis
TSMC Risk Analysis
TSMC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.18T | 29.40 | 34.89% | 0.88% | 39.73% | 56.22% | |
81 Outperform | $407.49B | 40.26 | 51.72% | 0.66% | 24.91% | 39.95% | |
77 Outperform | $205.25B | 29.89 | 35.51% | 0.69% | 4.47% | 0.48% | |
74 Outperform | $340.54B | 97.91 | 5.32% | ― | 31.83% | 80.45% | |
64 Neutral | $177.97B | 3,400.94 | 0.19% | ― | -1.49% | ― | |
63 Neutral | $20.60B | -434.65 | -0.38% | ― | 0.25% | -106.22% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
TSMC Corporate Events
TSMC reported its net revenue for November 2025, which was approximately NT$343.61 billion, marking a 6.5% decrease from October 2025 but a 24.5% increase from November 2024. The cumulative revenue from January to November 2025 reached NT$3,474.05 billion, reflecting a 32.8% increase compared to the same period in 2024. This revenue growth highlights TSMC’s strong market performance and its pivotal role in the semiconductor industry, despite the monthly decline.
On August 12, 2025, TSMC’s Board of Directors approved a cash dividend distribution of NT$129,662,912,605, equating to NT$5.0 per common share for the second quarter of 2025. However, due to changes in the number of common shares outstanding from the reclamation of shares, the dividend per share has been slightly adjusted to NT$5.00001118. This adjustment reflects TSMC’s commitment to precise financial management and shareholder value, with the dividend set to be paid on January 8, 2026.
On November 25th, 2025, TSMC filed a lawsuit against its former Senior Vice President, Wei-Jen Lo, in the Intellectual Property and Commercial Court. The lawsuit alleges that Lo violated his Non-compete and Non-disclosure Agreements by joining Intel as Executive Vice President shortly after retiring from TSMC, potentially risking the exposure of TSMC’s trade secrets. This legal action underscores TSMC’s commitment to protecting its intellectual property and maintaining its competitive edge in the semiconductor industry.
In November 2025, TSMC reported several changes affecting its operations and stakeholders. Notably, there were changes in the shareholdings of its board members and executive officers, with a decrease in shares held by Senior Vice President Lora Ho and a slight increase for Vice President Geoffrey Yeap. Additionally, TSMC and its subsidiaries engaged in significant fixed-income investments, acquiring NT$31.3 billion and disposing of NT$0.3 billion. These developments reflect TSMC’s ongoing strategic adjustments and financial maneuvers within the semiconductor sector.
On November 14, 2025, TSMC released its consolidated financial statements for the nine months ending September 30, 2025, and 2024, accompanied by an independent auditors’ review report. The report, conducted by Deloitte & Touche, concluded that the financial statements fairly present the company’s financial position and performance in accordance with Taiwan’s financial reporting standards. This announcement reinforces TSMC’s transparency and compliance with financial regulations, potentially strengthening stakeholder confidence.
On November 11, 2025, TSMC’s Board of Directors approved the company’s third-quarter financial results, reporting consolidated revenue of NT$989.92 billion and a net income of NT$452.30 billion. The Board also declared a cash dividend of NT$6.0 per share for the third quarter, with distribution scheduled for April 9, 2026. Additionally, TSMC announced capital appropriations of approximately US$14,981.60 million to support its long-term capacity plans, including fab construction and advanced technology installations. The company also approved the sale of equipment valued between US$20 million and US$23 million to its affiliate, Vanguard International Semiconductor Corporation. These decisions reflect TSMC’s strategic focus on expanding its technological capabilities and maintaining its leadership in the semiconductor industry.
TSMC reported a significant increase in its net revenue for October 2025, reaching approximately NT$367.47 billion, which marks an 11.0% rise from September 2025 and a 16.9% increase from October 2024. The company’s revenue from January to October 2025 totaled NT$3,130.44 billion, a substantial 33.8% growth compared to the same period in 2024. This growth highlights TSMC’s strong market position and operational efficiency, reflecting positively on its financial performance and potentially benefiting stakeholders.
On November 5, 2025, TSMC North America, a significant subsidiary of TSMC, announced a leadership change with the election of Sajiv Dalal as the new CEO, effective January 1, 2026. This strategic move is expected to strengthen TSMC’s operations in North America, potentially enhancing its market position and stakeholder relations in the region.
On October 23, 2025, TSMC reported several significant changes and activities for September 2025, including alterations in the shareholdings of its board members and major shareholders, asset acquisitions and dispositions, capital appropriations, issuance of unsecured bonds, and the cancellation of common shares. These developments reflect TSMC’s ongoing strategic adjustments and financial maneuvers, which are likely to impact its operational efficiency and market positioning.
On October 16, 2025, TSMC reported its third-quarter financial results, showcasing a significant year-over-year growth with a 30.3% increase in revenue and a 39.1% rise in net income. The company achieved consolidated revenue of NT$989.92 billion and a net income of NT$452.30 billion, with a diluted earnings per share of NT$17.44. The results were driven by strong demand for TSMC’s advanced process technologies, particularly in the 3-nanometer and 5-nanometer segments, which accounted for a substantial portion of the wafer revenue. The company’s robust performance is expected to continue into the fourth quarter of 2025, with projected revenues between US$32.2 billion and US$33.4 billion.
On October 9, 2025, TSMC reported its net revenue for September 2025, revealing a slight decrease of 1.4% from August 2025, but a significant increase of 31.4% compared to September 2024. The cumulative revenue for the first nine months of 2025 showed a robust growth of 36.4% year-over-year, highlighting the company’s strong market performance and its strategic importance in the semiconductor industry.
On September 25, 2025, TSMC reported several significant changes and approvals impacting its operations. In August 2025, there were changes in the shareholdings of TSMC’s board of directors and executive officers, with a slight increase in shares held by Vice President Jonathan Lee. TSMC also approved substantial capital appropriations for machinery equipment and real estate, totaling over US$20 billion, indicating a strategic investment in advanced technology and capacity expansion. Additionally, TSMC acquired NT$13.5 billion in fixed-income investments, reflecting its ongoing asset management strategy.
On September 25, 2025, TSMC Arizona Corporation, a key subsidiary of TSMC, announced significant leadership changes. Y.L. Wang will step down as Director, and Ray Chuang will assume the roles of both Director and CEO, effective October 1, 2025. These changes are part of a strategic realignment within the subsidiary, potentially impacting its operations and positioning within the industry.