TSMC(US:TSM) 证券时报·2026-01-15 15:55Core Viewpoint - The semiconductor sector in the US stock market has experienced significant gains, driven by strong demand for AI hardware and positive earnings reports from key companies like TSMC [1][4]. Group 1: Market Performance - On January 15, US stock indices opened higher, with the Dow Jones up 0.38%, Nasdaq up 0.76%, and S&P 500 up 0.53% [1]. - The Philadelphia Semiconductor Index surged over 3%, indicating a broad rally in chip stocks [2]. Group 2: Individual Stock Performance - Notable individual stock performances include: - COHERENT up over 11% - Entegris up nearly 9% - KLA and Applied Materials both up over 7% - TSMC and ASML both up over 6% [2][3]. Group 3: TSMC Financial Performance - TSMC's market capitalization surpassed $1.8 trillion, with Q4 2025 net profit reaching NT$505.7 billion, a 35% year-on-year increase, exceeding market expectations [4][5]. - TSMC's consolidated revenue for the quarter was NT$1.46 trillion, a 20.5% year-on-year increase, also above market estimates [5]. - The operating profit was NT$564.9 billion, a 32.7% year-on-year increase, with an operating margin of 54% [5]. Group 4: Future Projections - TSMC anticipates Q1 2026 sales between $34.6 billion and $35.8 billion, exceeding market expectations of $33.22 billion, with a projected gross margin of 63% to 65% [6]. - The company plans to significantly increase capital expenditures, with 2025 spending at $40.9 billion and 2026 projected between $52 billion and $56 billion [7]. - Omdia forecasts that global semiconductor revenue will exceed $1 trillion by 2026, driven by unprecedented demand for AI [7].