TSMC Q4 2023 Results
get me an update on TSM results today and any guidance
Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) recently released its results and provided guidance for the first quarter of 2024. Here is a summary of the key financials and guidance:
2023 Fourth Quarter Results (Amounts in NT$ million)
| Metric | 4Q23 Amount | 4Q22 Amount | YoY Inc. (Dec.) % | 3Q23 Amount | QoQ Inc. (Dec.) % |
|---|---|---|---|---|---|
| Net Sales | 625,529 | 625,532 | (0.0) | 546,733 | 14.4 |
| Gross Profit | 331,768 | 389,185 | (14.8) | 296,643 | 11.8 |
| Income from Operations | 260,205 | 325,041 | (19.9) | 228,065 | 14.1 |
| Income Before Tax | 278,281 | 334,670 | (16.8) | 241,940 | 15.0 |
| Net Income | 238,712 | 295,904 | (19.3) | 211,000 | 13.1 |
| EPS (NT$) | 9.21b | 11.41b | (19.3) | 8.14b | 13.1 |
First Quarter 2024 Guidance
- Revenue: Expected to be between US
18.0 billion and US18.8 billion. - Gross Profit Margin: Expected to be between 52% and 54%.
- Operating Profit Margin: Expected to be between 40% and 42%.
- 2024 Capital Budget: Expected to be between US
28 billion and US32 billion.
Wendell Huang, the VP and Chief Financial Officer of TSMC, mentioned that the fourth quarter business was supported by strong demand for their 3-nanometer technology. However, he expects the first quarter of 2024 to be impacted by smartphone seasonality, partially offset by continued high-performance computing (HPC)-related demand.
For more detailed information, you can refer to the source SEC Filing - TSMC.
what was the TSM performance today
Taiwan Semiconductor Manufacturing Co. Ltd (TSM) had a significant performance in the market today. Here are the key details:
TSM Performance on January 18, 2024
| Metric | Value |
|---|---|
| Latest Price (USD) | $113.03 |
| Change | +$10.08 |
| Change Percent | +9.79% |
| Previous Close | $102.95 |
| Open | $111.20 |
| High | $113.39 |
| Low | $109.48 |
| Volume | 58,538,375 |
| Market Cap (USD) | $586.22B |
| PE Ratio | 21.17 |
| 52 Week High | $113.39 |
| 52 Week Low | $80.08 |
| YTD Change | +8.78% |
This data represents the closing information as of January 18, 2024, and TSM's performance shows a notable increase in its stock price, closing at 113.03, which is a rise of 10.08 or 9.79% from its previous close. The trading volume was substantial, and the stock reached a new 52-week high of $113.39.