In recent U.S. stock market trading sessions, Taiwan Semiconductor Manufacturing Co. (TSM, Financial) saw its shares surge more than 4%, reaching $215.5. The rise comes after TSMC announced robust fourth-quarter 2024 financial results.
The company reported consolidated revenue of approximately NT$868.46 billion, marking a 38.8% year-over-year increase and a 14.3% rise quarter-over-quarter. Net income after taxes was around NT$374.68 billion, exceeding the estimated NT$369.84 billion, with a 57.0% year-over-year growth and a 15.2% quarter-over-quarter increase.
Looking ahead, TSMC forecasts first-quarter 2025 sales to be between $25 billion and $25.8 billion, surpassing market expectations of $24.43 billion. Additionally, the company anticipates a gross margin of 57% to 59% for the same period, compared to the market estimate of 56.9%.