Last time I wrote about TSMC (NYSE: TSM ) ( OTC:TSMWF ), the world was a different place. That was before the tariff chaos hit the headlines and dragged down the market — semiconductors underperformed the S&P, and the Taiwanese giantI'm a full-time analyst and portfolio manager of a technology fund with 5 years of experience. I graduated in Mechanical Engineering from the Federal University of Rio de Janeiro (Brazil) and École Centrale de Lyon (France). I'm currently licensed by the Brazilian Securities Com ...

Taiwan Semiconductor Manufacturing (NYSE: TSM ) just reported financial results for its first fiscal quarter of FY 2025 and the Taiwanese chip manufacturer reported earnings that came in ahead of expectations. Taiwan Semiconductor Manufacturing benefited from strong demand for chips, whichAnalyst’s Disclosure: I/we have a beneficial long position in the shares of TSM, NVDA, AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am ...

Taiwan Semiconductor Manufacturing Co. TSM just delivered a quarter that Wall Street won't soon forget – but you wouldn't know it by looking at the stock chart.The chip giant crushed first quarter estimates, powered by AI-hungry demand for its 3nm and 5nm chips, yet shares continue to short-circuit.Strong Fundamentals, Stronger HeadwindsFirst quarter revenue surged 41.6% year-over-year to $25.53 billion, topping expectations of $23.92 billion. EPS came in at $2.12, well above the $1.82 consensus. TSM also p ...

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Making an exact prediction about how much a stock will rise over the next five years isn't easy. Additionally, there's a high chance I'll be wrong on my specific prediction, but I believe I'll be correct in the general direction.I am fairly confident that Taiwan Semiconductor (TSM 0.13%) will rise over the next five years, but an exact prediction is 128%. A few factors led me to this conclusion, but if I'm right, TSMC is a no-brainer stock to buy right now.TSMC's manufacturing is expanding in the U.S.Taiwan ...

台积电 1Q25 业绩点评： Q2 指引超预期，AI 需求保持强劲 [Table_ReportDate] 2025 年 4 月 18 日 证券研究报告 行业研究 [行业事项点评 Table_ReportType] [Table_StockAndRank] 电子 投资评级 看好 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅 大厦B座 邮编：100031 [台积电 Table_Title] 1Q25 业绩点评：Q2 指引超预期，AI 需求 保持强劲 [Table_ReportDate] 2025 年 4 月 18 日 请阅读最后一页免责声明及信息披露 http://www.cindasc.com 2 本期内容提要: [Table_S [➢Table_Summary 1Q2ummar 5 营收和毛利率均 y] ] 符合指引：1Q25，台积电实现营收 255.3 亿美元（8392.5 亿新台币），同比+35.3%，环比-5.1%，之前指引 为 250~258 亿美元；毛利率为 58.8%，同比+5.7ppt，环比- 0.2ppt，此前指引为 57.0% ...

证 券 研 究 报 告 台积电（TSM）2025Q1 业绩点评及法说会纪要 FY25Q1 业绩符合预期，指引乐观 AI 需求持 续强劲 事项： 2025 年 4 月 17 日台积电发布 2025 年 Q1 季度报告，并召开业绩说明会。 2025Q1，公司实现营收 8392.5 亿新台币/255.3 亿美元，美元计价同比增长 35.3%，环比减少 5.1%；毛利率为 58.8%，同比提升 5.7pct，环比下降 0.2pct。 评论： 1. 业绩总览：25Q1 实现营收 8392.5 亿新台币/255.3 亿美元（美元计价：QoQ- 5.1%，YoY+35.3%），超过指引中值（此前指引为 250~258 亿美金）；AI 相关 需求持续增长在一定程度上抵消了智能手机的季节性变化。25Q1 实现毛利率 58.8%（QoQ-0.2pct，YoY+5.7pct），接近指引上沿（前期指引为 57%~59%）， 环比下降主要系 1 月 21 日地震的影响，以及海外工厂产能爬升带来的稀释效 应。25Q1 实现归母净利润 3615.6 亿新台币（QoQ-3.5%，YoY+60.3%），25Q1 实现净利率 43.1%（QoQ ...

证券研究报告 台积电 (TSM US) Q2 指引超预期，关注关税对需求影响 | 华泰研究 | | | 动态点评 | | --- | --- | --- | --- | | 2025 年 | 4 月 | 18 日│美国 | 半导体 | 台积电 1Q25 收入 255.3 亿美元，环比-5.1%。毛利率 58.8%，环比-0.2pct， 均接近指引上限，符合市场预期。归母净利润 110 亿美元，高于彭博一致预 期 3%，环比-5.3%。公司预计 2Q25 收入 284-292 亿美元，中位数环比+13%， 高于彭博一致预期 6%。本次业绩会上公司维持 2025 年收入指引（+25%） 和资本开支指引（380-420 亿美元）不变，但调高了美国工厂扩产速度和规 模。目前公司全年指引中值对应下半年收入环比增速仅 7%，显著低于去年 的 27%，可能反映面对关税和限制对华 AI 芯片出口带来的不确定性，公司 给出相对谨慎的指引。建议关注关税政策对智能手机和 AI 芯片需求的影响。 亮点#1：公司维持全年收入及资本开支指引，关税影响仍需观察 尽管投资人担忧关税对全球消费电子及 AI 需求的影响，但公司业绩会上表 示目前 ...

The stock of Taiwan Semiconductor Manufacturing (TSM 0.12%) is seeing modest gains Thursday following the company's recent quarterly release. The semiconductor fabrication leader's share price was up 0.9% as of 3 p.m. ET today and had been up as much as 3.8% earlier in the day.TSMC published its first-quarter results before the market opened this morning. While sales fell slightly short of the market's expectations, the business posted better-than-expected earnings.TSMC delivered an encouraging Q1 report de ...

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) stock is up 0.4% to trade at $152.23 today, after the chipmaker reported a first-quarter earnings beat. More importantly, the company maintained its revenue forecast for 2025, noting they have "yet to see any changes in customer behavior," despite there being "uncertainties and risks from the potential impact of tariff policies."TSM initially traded as high as $157.50 out of the gate this morning, but has since succumbed to broader tech sector pressures. Year-to ...