Benefiting from the boom in demand for high-end chips, TSMC's second-quarter net profit surged by more than 77%, and its performance exceeded market expectations
The world's largest wafer foundry It announced its second-quarter financial report on Thursday. Net profit surged 77.4% year-on-year, significantly exceeding market expectations. The company's performance continues to hit record highs. The following is a comparison of TSMC's actual second-quarter results and Refinitiv's consensus forecast (the forecast model focuses on the weighted calculation of analyst opinions with higher long-term forecast accuracy): Revenue: NT$1.27 trillion (equivalent to US$39.45 billion), market expectation was NT$1.264 trillion Net profit: NT$706.56 billion, market expected NT$632.64 billion The technology giant's net profit in the second quarter ended in June hit a record high for the fifth consecutive quarter, rising 23.4% from the previous quarter. The company's revenue in the second quarter reached NT$1.27 trillion, a year-on-year increase of 36% from NT$933.79 billion in the same period last year. TSMC stated that revenue from advanced process chips at 7 nanometers and below accounted for 77% of overall wafer revenue. Earlier this week, TSMC disclosed that its revenue performance in June was outstanding, and its overall performance this quarter achieved substantial growth. TSMC’s stock price has risen by more than 58% this year, rising 1.23% on Thursday. As the company with the highest market value in Asia, TSMC benefits from the strong AI chip foundry demand from global technology giants. Its cooperative customers include Nvidia,