Financial Performance - Net revenue for Q1 2025 was 25,526million,adecreaseof3.415,007 million, representing a gross margin of 58.8%, down from 59.0% in Q4 2024 but up from 53.1% in Q1 2024[5] - Operating income for Q1 2025 was 12,382million,accountingfor48.510,972 million, a decrease of 3.7% QoQ and an increase of 60.2% YoY[5] - Earnings per share (diluted) for Q1 2025 was 0.42,comparedto0.44 in Q4 2024 and 0.27inQ12024[5]−Thecompanyreportedacomprehensiveincomeof11,942 million for Q1 2025, reflecting a 46.8% increase YoY[5] Assets and Liabilities - Total assets increased to 214.826billion,up6.6100.758 billion, representing 46.9% of total assets, with a year-over-year increase of 36.4%[2] - Cash and cash equivalents rose to 72.122billion,a12.676.244 billion, a 6.9% increase from the previous quarter and 19.3% year-over-year[2] - Shareholders' equity attributable to the parent increased to 137.454billion,reflectinga6.4115.980 billion, a 6.8% increase from the previous quarter and 30.3% year-over-year[2] - Long-term investments reached 4.842billion,up7.9102.419 billion, reflecting a 5.1% increase from the previous quarter and 11.4% year-over-year[2] - Total current liabilities increased to 42.157billion,a10.719,027 million, slightly up from 19,027millioninQ42024[8]−CashandcashequivalentsattheendofQ12025were72,839 million, an increase from 64,713millionatthebeginningoftheperiod[8]−FreecashflowincreasedbyNT36.48 billion to NT294.74billioninQ12025,drivenbyhigheroperatingcashflow[57]RevenueandMarketInsights−ManagementexpectsQ22025revenuetobebetweenUS28.4 billion and US29.2billion[28]−From2024to2029,managementanticipatesarevenueincreaseofclosetomid−20s10.06 billion in Q1 2025, down from US11.23billioninQ42024[58][59]FutureOutlookandRisks−Thecompanyplanstocontinueinvestinginresearchanddevelopmenttodriveinnovationandmarketexpansion[9]−Thecompanyestimatedearthquake−relatedlossestobeapproximatelyNT5.3 billion, which will be recognized in Q1 2025[60] - TSMC faces significant risks including market conditions, demand and supply fluctuations, and intense competition[69] - The company cautions that actual results may differ materially from forward-looking statements due to various risk factors[69] - TSMC's ability to manage its capacity and preserve its intellectual property rights is critical for its operations[69] - The company acknowledges potential disruptions from natural disasters and unexpected events[69] Company Information - TSMC is headquartered in Hsinchu, Taiwan[67] - TSMC deployed 288 distinct process technologies and manufactured 11,878 products for 522 customers in 2024[67] - The company provides a broad range of advanced, specialty, and advanced packaging technology services[67] - TSMC's 2023 Annual Report on Form 20-F was filed with the SEC on April 18, 2024[69] - The company undertakes no obligation to update any forward-looking statement unless required by law[69]
TSMC(TSM)2025-04-17 11:04