今日，台积电公布了强劲的2025年第三季度业绩，受AI芯片需求强劲推动，公司Q3净利润同比大增 39.1%，超出市场预期并创下新高。 受此影响，台积电美股夜盘拉升涨近3%，报312.96美元。 Q3净利润创纪录 | 綜合損益表項目 (除另予註明書外 · 金額為新台幣十億元) | 3Q25 | 3Q25 樂績展望 | 2Q25 | 3Q24 | 季變化 | 年慶化 | | --- | --- | --- | --- | --- | --- | --- | | 營藥收入淨額(美金十億元)。 | 33.10 | 31.8-33.0 | 30.07 | 23.50 | +10.1% | +40.8% | | 餐菓收入淨額 | 26 686 | | 933.79 | 759.69 | +6.0% | +30.3% | | 發展毛利率 | 59.5% | 55.5%-57.5% | 58.6% | 57.8% | +0.9 ppts | +1.7 ppts | | 爱紧要用 | (87.76) | | (84.51) | (79.08) | +3.9% | +11.0% | | 景景淨利率 | 50.6% | 45.5% ...

今日，台积电公布了强劲的2025年第三季度业绩，受AI芯片需求强劲推动，公司Q3净利润同比大增39.1%，超出市场预期并创下新高。 受此影响，台积电美股夜盘拉升涨近3%，报312.96美元。 每股盈余为新台币17.44元（折合美国存托凭证每单位为2.92美元）。 | 綜合損益表項目 | 3Q25 | 3025 | 2Q25 | 3Q24 | 季變化 | 年變化 | | --- | --- | --- | --- | --- | --- | --- | | (除另予註明者外 · 金額為新台幣十億元) | | 業績展望 | | | | | | 營業收入淨額(美金十億元) | 33.10 | 31.8-33.0 | 30.07 | 23.50 | +10.1% | +40.8% | | 營業收入淨額 | 989.92 | | 933.79 | 759.69 | +6.0% | +30.3% | | 營業毛利率 | 59.5% | 55.5%-57.5% | 58.6% | 57.8% | +0.9 ppts | +1.7 ppts | | 營業費用 | (87.76) | | (84.51) | (79.08) | ...

Core Insights - TSMC reported a record net profit increase of 60.7% year-on-year for Q2 2025, driven by surging semiconductor demand in the AI sector [1][2] - The company's Q2 revenue reached NT$933.79 billion, with a net profit of NT$398.27 billion, translating to an earnings per share of NT$15.36 (US$2.47) [1] - Revenue growth was 38.6% year-on-year and 11.3% quarter-on-quarter, while net profit and earnings per share also saw significant increases [1] Financial Performance - Q2 gross margin was 58.6%, operating margin was 49.6%, and net margin was 42.7% [2] - Advanced process technologies (7nm and below) accounted for 74% of total wafer revenue, with 3nm, 5nm, and 7nm processes contributing 24%, 36%, and 14% respectively [2] Market Sentiment - TSMC's stock has gained significant attention, with a 44% increase since April and nearly 70% rise in its US Depositary Receipts [2][3] - Analysts expect TSMC to raise its full-year guidance and hint at further price increases for its products due to strong market demand [2][3] - Six brokerages, including HSBC and Deutsche Bank, have raised their price targets for TSMC following the recent sales data [3] Future Outlook - Analysts predict TSMC's revenue growth guidance for 2025 could exceed 20% due to ongoing AI demand [3] - Despite potential pressure from currency appreciation on profit margins, TSMC's strong market position and global recognition support its stock price [3] - The market remains favorable towards AI-related stocks, which bodes well for TSMC's future performance [3]