Core Viewpoint - The semiconductor industry is experiencing a significant recovery, with many companies reporting strong earnings forecasts for the first half of 2025, driven by increased demand in artificial intelligence applications and other sectors [1][4][6]. Group 1: TSMC Performance - TSMC reported a net profit of nearly NT$398.3 billion for Q2 2025, a year-on-year increase of nearly 61%, marking a historical high for quarterly net profit [2]. - The company's revenue for Q2 2025 reached NT$933.8 billion, reflecting a year-on-year growth of 38.65% and a quarter-on-quarter increase of 11.26% [2]. - TSMC's gross margin for Q2 2025 was 58.62%, slightly lower than the previous quarter but exceeding market expectations [2]. Group 2: Global Semiconductor Sales - In May 2025, global semiconductor sales reached approximately $58.98 billion, a year-on-year increase of 27.03%, marking a historical high for monthly sales [4]. - The year-on-year growth rate for global semiconductor sales has remained above 20% since April 2025, indicating a clear recovery trend [4]. Group 3: A-Share Semiconductor Companies - Over 80% of semiconductor companies listed in the A-share market have reported positive earnings forecasts for the first half of 2025, with a median net profit increase of over 80% [6][9]. - Among the companies, 13 reported a median net profit increase of over 100%, with notable performers including Silan Microelectronics, which saw a median increase of over 1100% [9][11]. Group 4: Market Reactions - Following TSMC's earnings report, its stock price increased by 1.2% from July 17 to 18, reaching a historical high, with a market capitalization of $1.25 trillion as of July 18 [3]. - The average stock price increase for semiconductor companies that disclosed earnings forecasts was nearly 15%, significantly outperforming those that did not disclose [12]. Group 5: Individual Company Highlights - Silan Microelectronics reported a median net profit increase of 1123.11% for the first half of 2025, attributed to its integrated strategy and expansion into high-demand markets [9][11]. - TaiLing Microelectronics projected a median net profit increase of 267%, driven by growth in customer demand and new product launches [10][11]. - WenTai Technology's median net profit for the first half of 2025 is expected to be 4.88 billion yuan, with a median increase of 247.5%, benefiting from market recovery and cost reduction strategies [10][11].
全球半导体巨头超预期，业绩炸裂！被“错杀”的绩优半导体股出炉，仅5只
Zheng Quan Shi Bao Wang·2025-07-19 04:46