Key TakeawaysTaiwan Semiconductor Manufacturing Company reported second-quarter results that beat analysts' estimates amid surging demand for artificial intelligence chips.Sales rose 40% year-over-year, while profits rose 36%, with the company projecting continued growth for the third quarter.TSMC shares gained Thursday morning following the release, a day after TSMC and other semiconductor stocks tumbled on worries about how stricter trade restrictions and geopolitical tensions could affect the semiconduct ...

The semiconductor industry is the cornerstone of the global economy, underpinning the technology sector with products ranging from smartphones and computers to automobiles and advanced artificial intelligence applications. This sector witnessed a significant surge in stock prices in recent years, fueled by the increasing demand for semiconductors and a global chip shortage. However, recent months have seen a noticeable decline in chip stock prices, prompting investors to question whether this dip presents a ...

财务数据和关键指标变化 - 第二季度营收同比增长13.6%,主要得益于3纳米和5纳米工艺的强劲需求 [10] - 毛利率同比增加10个百分点至53.2%,主要反映了成本改善和汇率变化的积极影响,部分被3纳米产品放量的边际效应所抵消 [10] - 由于营业杠杆效应,营业费用占营收的比重从上季度的11.1%下降至10.5%,因此营业利润率同比增加0.5个百分点至42.5% [11] - 第二季度每股收益为9.56新台币,净资产收益率为26.7% [11] 各条业务线数据和关键指标变化 - 3纳米工艺贡献了15%的晶圆收入,5纳米和7纳米分别贡献35%和17% [12] - 先进制程(7纳米及以下)占总晶圆收入的67% [12] - 高性能计算(HPC)增长28%,占比超过50%,首次超过智能手机 [13] - 物联网、汽车和数据中心设备业务也实现了5-20%的增长 [13] 各个市场数据和关键指标变化 - 智能手机业务同比下降1%,占比33% [13] - 物联网、汽车和数据中心设备业务占比合计13% [13] 公司战略和发展方向及行业竞争 - 公司将"foundry"的定义扩展为"Foundry 2.0",包括先进封装、测试、光罩制造等,总规模约2500亿美元 [22][23] - 在新定义下,公司2023年市占率为28%,预计2024年将进一步提升 [24] - 公司将持续投资先进制程和特殊工艺,2024年资本支出预计300-320亿美元 [19][20] - 公司采取严格的投资决策框架,包括技术领先、灵活制造、客户信任和可持续盈利等 [26][27][28][29][30] 管理层对经营环境和未来前景的评论 - 公司预计2024年半导体市场(不含存储器)将增长约10% [22] - 公司看好AI和高端智能手机带来的强劲需求,预计2024年收入将增长略高于20%左右 [24][25] - 公司将持续提升产能以满足客户需求,但预计供需平衡要到2025-2026年才能实现 [41][110] - 公司将通过提升价值、成本管控等措施维持53%以上的长期毛利率 [17][18][47][48][49] 其他重要信息 - 公司现金及有价证券达2万亿新台币,资产负债表健康 [14] - 公司2-纳米和A16技术将进一步巩固其技术领先地位,满足客户对高能效计算的需求 [31][32][33][34] 问答环节重要的提问和回答 问题1 **Gokul Hariharan 提问** AI加速器和先进封装产能是否能在2024年底达到供需平衡 [38][39] **C.C. Wei 回答** 需求非常旺盛,公司正在尽力增加产能,但预计要到2025年或2026年才能达到供需平衡 [41][43] 问题2 **Bruce Lu 提问** 为什么不提高公司的长期毛利率目标,而不是保持在53%以上 [67][68] **C.C. Wei 回答** 公司的定价策略是战略性的,目前53%以上的长期毛利率目标不会改变,未来会根据与客户的讨论适当提高 [70] 问题3 **Brad Lin 提问** 客户加快产品发布节奏对公司意味着什么,会带来哪些挑战 [127][128] **C.C. Wei 回答** 公司早已与客户就此进行沟通和准备,能够支持客户加快节奏,这也有助于公司更好地展现自身价值 [129]

Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge.Here are TSMC's second-quarter results versus LSEG consensus estimates:Revenue: 673.51 billion New Taiwan dollars ($20.82 billion), vs. NT$657.58 billion expectedNet income: NT$247.85 billion, vs. NT$238.8 billion expectedTSMC reported net revenue rose 40.1% from a year ago to NT$673.51 billion, while net income increased 36 ...

业绩总结 - 2Q24净收入为673.51亿新台币，同比增长13.6%[11] - 2Q24毛利率为53.2%，较去年同期略有增长[11] - 2Q24净利润为247.85亿新台币，同比增长9.9%[11] - 2Q24每股收益为9.56新台币，同比增长9.9%[11] - 2Q24 ROE为26.7%，较去年同期提升1.3个百分点[11] - 2Q24出货量为3125Kpcs，同比增长3.1%[11] 财务状况 - 2Q24现金及市场证券为2048.64亿新台币，占总资产34.3%[22] - 2Q24应收账款为210.21亿新台币，占总资产3.5%[22] - 2Q24存货为272.49亿新台币，占总资产4.5%[22] - 2Q24总资产为5982.36亿新台币，较去年同期增长16.3%[22]

财务数据 - 二零二四年第二季度，台积电公司的营业收入为39,695百万美元[21] - 二零二四年第二季度，台积电公司的净利润为7,657百万美元，同比增长10.0%[16] - 二零二四年上半年，台积电公司的总资产为5,982,364百万新台币，同比增长16.2%[9] - 二零二四年上半年，台积电公司的净利润为472,883百万新台币，同比增长37.3%[26] - 第二季度净营收为6735.1亿新台币，较上一季度增长13.6%，较去年同期增长40.1%[45] 运营数据 - 高性能计算和智能手机分别占据了52%和33%的净营收份额[47] - 3纳米工艺技术在第二季度占总晶圆收入的15%，5纳米和7纳米分别占35%和17%[46] - 北美客户贡献了总净营收的65%，中国为16%，亚太地区为9%，日本为6%，欧洲、中东和非洲地区为4%[48] 其他 - 公司现金及市场证券总额在第二季度增加了138.89亿新台币，主要是由于现金及市场证券增加了125.98亿新台币[64] - 公司在第二季度的资本支出总额为6.36亿美元[80]

Loading...Loading...Taiwan Semiconductor Manufacturing Co. Ltd. TSM is announcing its second-quarter earnings on Thursday. Wall Street expects $1.38 in EPS and $20 billion in revenues as the company reports before market hours.The stock is up 67.23% over the past year, +69.12% YTD.Let’s look at what the charts indicate for Taiwan Semiconductor (aka TSMC) stock, and how the stock currently maps against Wall Street estimates.TSMC Price Charts Bearish Ahead Of Q2 Earnings Taiwan Semiconductor stock faces a mod ...

AI is driving strong demand for Taiwan Semiconductor and its high-profile customers.Shares of Taiwan Semiconductor Manufacturing (TSM 0.44%), also known as TSMC, rose 63% in the first six months of 2024, according to data provided by S&P Global Market Intelligence. TSMC is the world's biggest microchip manufacturer, and its list of customers includes several of the largest semiconductor companies. It's been producing impressive financial results as the semiconductor industry rebounds from a cyclical slowdow ...

Shares of the world's top third-party chip foundry have almost doubled year to date.Taiwan Semiconductor Manufacturing  (TSM 0.44%) has had a great 2024, as it's up more than 80%. With that kind of performance in the rear-view mirror, many investors may wonder if they've missed the boat.Possibly not: Several positive trends are on the horizon, and this could be the start of something even bigger.Taiwan Semiconductor is a key part of AI proliferationTaiwan Semiconductor is the world's largest contract chip m ...

Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024.Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks Taiwan should pay the U.S. for defense, claiming that the country "doesn't give us anything."His comment was in response to a question on whether he would defend Taiwan against China, as part of an interview with Bloomberg Businessweek published on Monday.Beijing considers democrati ...