Taiwan Semiconductor Manufacturing Q2 2024 Earnings Summary $TSM
In the latest episode, we dive into Taiwan Semiconductor Manufacturing's impressive Q2 2024 earnings call, where the tech giant reported revenue of $20.8 billion, marking a 13.6% sequential increase. CFO Wendell Huang revealed a strong EPS of 9.56 NT and a robust ROE of 26.7%, driven by healthy demand for advanced 3-nanometer and 5-nanometer technologies. With a gross margin of 53.2% and a promising outlook projecting Q3 revenue between $22.4 and $23.2 billion, TSMC’s growth trajectory appears solid, particularly fueled by the booming smartphone and AI markets. CEO C.C. Wei highlighted that high-performance computing contributed 52% of Q2 revenue and expressed confidence in a mid-20s percentage revenue increase for the full year, despite some anticipated margin pressures from rising costs. The company is also strategically investing $30 to $32 billion in capital expenditures for 2024, largely directed at advanced tech development, including the upcoming 2-nanometer technology. Join us as we unpack these key insights and discuss the implications for investors navigating this dynamic semiconductor landscape.
