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BackTSMC’s law says bullish explosions are useless! Taiwan index futures fell again in night trading, and ADR fell more than 2% before the market opened.
TSMC’s law says bullish explosions are useless! Taiwan index futures fell again in night trading, and ADR fell more than 2% before the market opened.
BREAKING
自由时报51 minutes agoBusiness2 min readChinaView original

TSMC’s law says bullish explosions are useless! Taiwan index futures fell again in night trading, and ADR fell more than 2% before the market opened.

TSMC announced its third-quarter financial report, with after-tax earnings of 763.06 billion yuan and earnings per share of 29.43 yuan, exceeding financial forecasts. Chairman Wei Zhejia said that demand for AI continues to expand.

TSMCDhamma talksWei Zhejia

Quick Look

  • TSMC held a press conference today to announce its third-quarter financial results, with consolidated revenue of 1.49424 billion yuan, gross profit margin of 66.4% exceeding financial forecasts, and after-tax surplus of 763.06 billion yuan.
  • Chairman Wei Zhejia said that AI demand has not cooled down and chip demand continues to expand, but TSMC ADR and Taiwan Index futures were still weak before the night.

AI-generated summary

Why It Matters

TSMC is the world's leading semiconductor foundry, and its press conference and financial report data are important indicators for assessing global demand for technology and AI.

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TSMC held a Dharma conference today.

Today (15th), Taiwan stocks fell 1,655.96 points to close at 46,969.87 points, the sixth largest closing point. Later, TSMC held a press conference and announced its third quarter financial report. The gross profit margin was 66.4% and the operating profit margin was 58.7%, exceeding financial forecast expectations and releasing a lot of positive news. However, the eye-catching financial report did not seem to be immediately reflected in the market. The Taiwan Index futures and TSMC ADR weakened in pre-market trading.

According to TSMC's announcement, the consolidated revenue in the third quarter was NT$1.49424 billion, a quarterly increase of 17.6% and an annual increase of 50.9%. The gross profit margin was 66.4%, a quarterly decrease of 1.3 percentage points and an annual increase of 6.9 percentage points. The operating profit margin was 58.7%, a quarterly decrease. 1.6 percentage points, an annual increase of 8.1 percentage points, net profit margin of 51.1%, a quarterly decrease of 4.5 percentage points, an annual increase of 5.4 percentage points; after-tax earnings were 763.06 billion yuan, a quarterly increase of 8%, an annual increase of 68.7%, and after-tax earnings per share of 29.43 yuan.

TSMC's cumulative revenue in the first three quarters was NT$3.898727 billion, with a gross profit margin of 66.8%, an annual increase of 7.8 percentage points, and a operating profit rate of 59%, an annual increase of 9.4 percentage points. After-tax earnings were NT$242.106 billion, an annual increase of 68.5%, and after-tax earnings per share were NT$78.75.

Chairman and President Wei Zhejia also pointed out at the press conference that the demand for AI has not cooled down. With the rapid popularization of agent AI (Agentic AI) and open source models, the market demand for advanced chips continues to expand. He also bluntly stated that all AI companies are cooperating with TSMC.

Despite the bullish news, TSMC ADR fell by US$10.83, or 2.52%, to US$419.25 at around 4:15 pm Taipei time.

In addition, Taiwan stocks closed down 1,655.96 points today, and the Taiwan Index futures also continued to weaken in night trading. They opened at 46,926.00 points today and fell 0.28% or 131 points to 46,800 points at around 4:13 pm Taipei time. It once turned red to 47,079 points during the session.

Open Questions

  • Will TSMC’s subsequent stock price reflect its impressive financial results?
  • When will global AI chip demand reach its peak?

Related Topics

TSMC
PeopleWei Zhejia
TopicsDhamma talksWei Zhejiafinancial reportartificial intelligenceTaiwan stocks
This article was originally published by 自由时报.

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