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Home › News › TSMC Reports Strong Financial Results for Q2 2024
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TSMC Reports Strong Financial Results for Q2 2024

Emily
September 25, 2024

Taiwan Semiconductor Manufacturing Company (TSMC) has announced its financial results for the second quarter of 2024, showcasing significant growth across key metrics.

TSMC Reports Strong Financial Results for Q2 2024-Chargerlab

Revenue: The company reported consolidated revenue of NT$6,735.1 billion (approximately US$208 billion), marking a 40.1% increase compared to the same period in the previous year.

Net Profit: TSMC achieved a net profit of NT$2,478.5 billion (approximately US$76.5 billion), exceeding market expectations and representing a 36.3% year-over-year growth.

Gross Margin: The gross profit margin for the quarter was 53.2%, slightly higher than the company's guidance and reflecting improved cost efficiencies.

Operating Margin: The operating profit margin stood at 42.5%, indicating robust operational performance.

Outlook:TSMC remains optimistic about its growth prospects, driven by strong demand in AI and high-end smartphone markets. The company has raised its full-year revenue growth forecast to the mid-20% range, reflecting confidence in its ability to capitalize on emerging opportunities in the semiconductor industry.

Warm reminder: The above information is for reference only and not as market entry advice; investment is risky and caution is required when entering the market.

Revenue TSMC
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