Recently, TSMC announced that it expects a significant 40% surge in profit in the upcoming third-quarter earnings report, primarily due to the激增 in demand for artificial intelligence (AI) chips. As the world's largest contract chip manufacturer, TSMC's clients include renowned companies such as Apple and NVIDIA, which are actively driving the development of AI technology.
According to LSEG's smart estimates, analysts predict that TSMC's net profit for the third quarter ending September 30 will reach 298.2 billion New Taiwan Dollars (approximately $9.27 billion), a considerable increase from the 211 billion New Taiwan Dollars in the same period last year. This reflects a optimistic market outlook for TSMC's future performance.
Last week, TSMC also disclosed strong revenue growth for the third quarter, far exceeding market expectations. Although the company usually provides revenue forecasts in US dollars during earnings calls, its performance in New Taiwan Dollars has already attracted widespread attention. According to President Capital Management Chairman Li Fangguo, TSMC's major clients, including Apple, NVIDIA, AMD, Qualcomm, and MediaTek, are launching a large number of new products, most of which rely on TSMC's advanced process technologies. He expressed a very optimistic view on TSMC's third-quarter results.
TSMC will hold its quarterly earnings conference call on Thursday at 6:00 AM (GMT), where it will update its current quarter and full-year outlook, including capital expenditure plans. To meet the growing market demand, TSMC is investing in new factories globally, especially in Arizona, where it is spending $65 billion to build three new facilities.
In its latest earnings call, TSMC raised its full-year revenue forecast and adjusted its capital expenditure plans, expecting capital expenditures for 2023 to be between $30 billion and $32 billion, up from the previous range of $28 billion to $32 billion. Benefiting from the booming AI industry, TSMC's stock price has risen 77% this year, compared to the market's overall increase of 28%.
Key Points:
💰 TSMC's third-quarter net profit is expected to reach 298.2 billion New Taiwan Dollars, a 40% increase from the same period last year.
📈 TSMC's clients are launching new products, driving its performance beyond expectations.
🌍 TSMC is increasing investments in new factory construction, with future capital expenditures expected to be between $30 billion and $32 billion.
