From 24/7 Wall St. · Thomas Richmond · · 1m
Why October 15 Could Change TSMC Stock
TSMC's October 15 earnings may beat estimates as AI demand surges.
In brief
TSMC's October 15 earnings may beat estimates as AI demand surges. TSMC's Q3 earnings on October 15 could exceed $44.6B revenue and $4.46 EPS as AI-driven chip demand grows. Originally reported by 24/7 Wall St..
TSMC Lags Market But AI Demand Surges
TSMC trails the semiconductor sector by 32.81 percentage points this year despite strong AI-driven growth.
“The AI megatrend continues to drive the need for more and more computation, which supports the robust demand for leading-edge silicon”
Q3 Revenue Guidance Set for $44.6B-$45.8B
TSMC guided Q3 revenue to $44.6 billion to $45.8 billion, a 12% sequential increase and 37% year-over-year growth.
September Revenue Surges 54.6% YoY
September revenue reached $16.03 billion, up 54.6% year over year, exceeding Q3 guidance.
AI Demand Drives 66% of Revenue
High-performance computing rose 20% quarter over quarter to 66% of TSMC's revenue.
Analysts Expect 23% Stock Upside
Analysts target $555.01 for TSMC, a 23.03% increase from current price of $451.11.
October 15 Earnings Report Expected to Beat
TSMC's Q3 earnings report on October 15 could exceed $4.46 EPS and $44.6B revenue estimates.
What to remember
TSMC's Q3 earnings on October 15 could exceed $44.6B revenue and $4.46 EPS as AI-driven chip demand grows.
