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Recently, Zacks.com users have been paying close attention to TSMC (TSM). This makes it worthwhile to examine what the stock has in store.
Taiwan Semiconductor TSM is set to report third-quarter 2024 results onOct. 17, 2024, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings is currently pegged at $1.74 per share on revenues of $22.72 billion.
Taiwan Semiconductor Manufacturing Company reported exceptional sales growth, with a 39% year-over-year increase in September revenues, positioning it as a top AI beneficiary. Analysts expect TSMC to report Q3 earnings per share of $1.79, with stable margins despite potential additional costs from AI chip investments. TSMC's forward earnings multiple is attractive, trading at 28x for 2024 and substantially lower for 2025.
Taiwan Semiconductor Manufacturing recently announced its monthly revenue numbers.
The supplier to the semiconductor industry is expecting sales growth to continue.
September sales rose at Taiwan Semiconductor Manufacturing Co. (TSM), with the chipmaker on Wednesday reporting numbers that pointed toward better-than-expected third-quarter revenue.
Although technology juggernaut Nvidia Corp NVDA invariably commands the spotlight for all things AI-related, traders may first look to chip foundry Taiwan Semiconductor Manufacturing Company Ltd. TSM for clues regarding sentiment for the broader innovation ecosystem.
Taiwan Semiconductor Manufacturing Co. posted a 39% increase in its September revenue, in what saw it beat analysts' sales forecasts for the third quarter of 2024
Taiwan Semiconductor Manufacturing Company (TSMC), the world's preeminent semiconductor manufacturer, reported a strong year-on-year performance for September. The manufacturing partner of Nvidia, Apple and Meta recorded revenue of 251.87 billion new Taiwan dollars (£6 billion), marking a 39.6% increase from September 2023.
TSMC, the world's largest contract chipmaker, reported on Wednesday third-quarter revenue of T$759.69 billion ($23.62 billion), according to Reuters calculations, easily beating the market forecast, as the company reaps the benefit from artificial intelligence (AI) demand.