TSMC(US:TSM) 财联社·2026-01-15 06:52Core Viewpoint - TSMC reported strong fourth-quarter earnings driven by robust demand for AI chips, achieving a 35% year-over-year profit growth, marking the eighth consecutive quarter of profit increase [2][3]. Financial Performance - Revenue reached NT$1.046 trillion (approximately RMB 230.85 billion), a 20.5% year-over-year increase and a 5.7% quarter-over-quarter increase, surpassing expectations of NT$1.034 trillion (approximately RMB 228.20 billion) [3]. - Net profit was NT$505.74 billion (approximately RMB 111.62 billion), reflecting a 35% year-over-year growth and an 11.8% quarter-over-quarter increase, exceeding the forecast of NT$478.37 billion (approximately RMB 105.58 billion) [3]. - Gross margin stood at 62.3%, up from 59.0% in the previous quarter, while operating margin improved to 54.0% [3]. Revenue Breakdown - Advanced chips (7nm and below) accounted for 77% of TSMC's total wafer revenue, with 3nm technology contributing 28%, 5nm at 35%, and 7nm at 14% [5][6]. - High-performance computing (HPC) and smartphones represented 55% and 32% of net revenue, respectively, with IoT, automotive, and data communication devices contributing smaller shares [8]. Future Outlook - TSMC plans to significantly increase capital expenditures, projecting between $52 billion to $56 billion for 2026, following a total of $40.9 billion in 2025 [10][11]. - The company anticipates nearly 30% growth in sales in dollar terms by 2026, driven by AI accelerators and other growth platforms including smartphones and automotive sectors [11].