Group 1 - TSMC reported Q4 2025 revenue of $33.73 billion, a year-on-year increase of 25.5%, and a net profit of approximately $16 billion, up 35%, with a gross margin of 62.3%, marking the eighth consecutive quarter of profit growth [1] - Advanced processes contributed significantly, with 3nm technology accounting for 28% of Q4 wafer revenue, and 77% of revenue coming from 7nm and below advanced processes, an increase of 5 percentage points compared to the full year of 2024 [1] - TSMC's 2026 guidance includes expected Q1 revenue between $34.6 billion and $35.8 billion, with a gross margin maintained at 63% to 65%, and a capital expenditure plan raised to $52 billion to $56 billion, significantly higher than $40.9 billion in 2025 [1] Group 2 - ASML, TSMC's largest single equipment customer, saw its stock price rise significantly, with a market capitalization exceeding $500 billion, making it the third European company to reach this scale [2] - ASML's stock increased by 7.6% during trading in Amsterdam, with a year-to-date gain of 24%, currently valued at approximately $527 billion [2] - Morgan Stanley's report indicates that ASML's Q4 2025 order volume is expected to reach €7 billion, exceeding market consensus by about 4%, maintaining an "overweight" rating on ASML's stock with a target price of $1,518 [2]
台积电业绩狂飙引爆AI行情，阿斯麦市值一举突破5000亿美元
Jin Rong Jie·2026-01-16 06:21