Taiwan Semiconductor Manufacturing Past Earnings Performance
Past criteria checks 3/6
Taiwan Semiconductor Manufacturing has been growing earnings at an average annual rate of 22.5%, while the Semiconductor industry saw earnings growing at 31.2% annually. Revenues have been growing at an average rate of 18.3% per year. Taiwan Semiconductor Manufacturing's return on equity is 23.4%, and it has net margins of 38.2%.
Key information
22.5%
Earnings growth rate
22.5%
EPS growth rate
| Semiconductor Industry Growth | 27.7% |
| Revenue growth rate | 18.3% |
| Return on equity | 23.4% |
| Net Margin | 38.2% |
| Next Earnings Update | 18 Jul 2024 |
Recent past performance updates
Recent updates
TSMC: Strategic Alliances Lift Stock To New All-Time Highs
Jul 01Taiwan Semiconductor: A Sure Bet On AI
Jun 25TSMC: By Far The Strongest Chip Company
Jun 18TSMC: One Of The Cheapest Big Tech/AI Stocks
Jun 10Taiwan Semiconductor Stock: April Sales Soar From Advanced Nodes
Jun 04TSMC: Derisking China Invasion Threats
May 17TSMC: Charting A Path To $185
May 08Third Point - Taiwan Semiconductor: The 'Toll Road' For AI Compute
May 02Taiwan Semiconductor Stock Is Breaking Out (Technical Analysis)
Apr 17TSMC: Don't Be Ruined By Over-Optimism (Downgrade)
Apr 09TSMC: Robust Growth To Continue
Apr 03Best Chip Stock To Ride The AI Frenzy: Taiwan Semiconductor (SA Quant)
Mar 26Taiwan Semiconductor: A Long-Term Winner Amidst Short-Term Hype
Mar 15Taiwan Semiconductor Raising Prices 8.7% In 2024 As Revenue Growth Underperforms Customers
Mar 05Investing In Innovation: Why Taiwan Semiconductor Is A Smart Choice For Long-Term Growth
Feb 21Taiwan Semiconductor: Highly Wanted Advanced Technology
Feb 05Taiwan Semiconductor: Beijing Is A Threat
Jan 29Taiwan Semiconductor Is Becoming A Dividend Growth Machine
Jan 23TSMC: DPP Taiwan Election Win Could Mean Greater Risks For The Stock
Jan 17TSMC Is Probably The Most Important Company In The World Right Now
Jan 11TSMC: Major Apple Risk Persists But Stock Still Investible (Rating Upgrade)
Jan 01TSMC Vs. Intel: Only 1 Can Win
Dec 24Taiwan Semiconductor: The 800-Pound Chip Gorilla That's An Underappreciated Play On AI
Nov 25Taiwan Semiconductor: Taking The Temperature Of AI
Nov 14Taiwan Semiconductor: Bottoming Semiconductor Cycle With Increasingly Diversified Footprint
Oct 27Q3 Earnings: Navigating TSMC's Risk/Rewards And Future Outlook
Oct 20Taiwan Semiconductor - Maintaining Buy: Headwinds Priced In And Rebound Ahead
Oct 10TSMC: Why Near-Term Downside Is Highly Probable (Rating Downgrade)
Oct 03Taiwan Semiconductor Makes Chips For 3 Of The Top 4 Greatest Growth Technologies
Sep 26TSMC: AI Winner At Attractive Valuation
Sep 20Taiwan Semiconductor: More Room For Optimism
Sep 12Taiwan Semiconductor Can Gain From Intel's Challenges
Aug 30Accumulate Taiwan Semiconductor, Especially If Mr. Market Brings It Down
Aug 24Taiwan Semiconductor: A Rare Undervalued AI Idea
Aug 14Taiwan Semiconductor: Short-Term Pain For Long-Term Gain (Rating Upgrade)
Aug 04Taiwan Semiconductor: The Most Important Chip Manufacturer For Smartphones
Jul 27Taiwan Semiconductor Q2 Earnings: Consider Buying The Dip
Jul 20Taiwan Semiconductor: Overstated Fears With Shares Still Cheap
Jul 14Taiwan Semiconductor: Undervalued King Of Semiconductors
Jul 05Taiwan Semiconductor: Driving Profitability On Secular Shift To Innovative Nodes
Jun 21Taiwan Semiconductor Manufacturing Offers An Excellent Entry Point (Technical Analysis)
Jun 12Taiwan Semiconductor And Buffett: Why He Bought And Sold
Jun 05Taiwan Semiconductor: It's Not The Time To Be Greedy (Technical Analysis)
Feb 21Taiwan Semiconductor says it will increase Arizona chip investment
Feb 14TSMC Responds To Intel
Feb 08Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Taiwan Semiconductor Manufacturing makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 2,245,747 | 856,996 | 74,560 | 189,322 |
| 31 Dec 23 | 2,161,736 | 838,498 | 71,464 | 182,370 |
| 30 Sep 23 | 2,161,739 | 895,690 | 70,201 | 176,547 |
| 30 Jun 23 | 2,228,149 | 965,556 | 69,839 | 168,387 |
| 31 Mar 23 | 2,281,448 | 1,020,784 | 67,035 | 166,371 |
| 31 Dec 22 | 2,263,891 | 1,016,530 | 63,445 | 163,262 |
| 30 Sep 22 | 2,076,549 | 886,858 | 59,136 | 150,914 |
| 30 Jun 22 | 1,878,076 | 762,251 | 52,711 | 138,803 |
| 31 Mar 22 | 1,716,081 | 659,582 | 48,695 | 130,027 |
| 31 Dec 21 | 1,587,415 | 596,540 | 44,488 | 124,735 |
| 30 Sep 21 | 1,510,759 | 565,933 | 37,230 | 122,437 |
| 30 Jun 21 | 1,452,515 | 546,985 | 37,654 | 121,254 |
| 31 Mar 21 | 1,391,068 | 533,448 | 36,572 | 115,273 |
| 31 Dec 20 | 1,339,255 | 510,744 | 35,570 | 109,486 |
| 30 Sep 20 | 1,294,959 | 499,838 | 36,496 | 105,181 |
| 30 Jun 20 | 1,231,578 | 463,598 | 32,696 | 99,470 |
| 31 Mar 20 | 1,161,878 | 409,541 | 29,839 | 95,970 |
| 31 Dec 19 | 1,069,985 | 353,948 | 28,086 | 91,419 |
| 30 Sep 19 | 1,042,519 | 341,134 | 25,942 | 89,472 |
| 30 Jun 19 | 1,009,821 | 329,136 | 24,777 | 87,386 |
| 31 Mar 19 | 1,002,099 | 334,662 | 25,555 | 85,884 |
| 31 Dec 18 | 1,031,474 | 363,053 | 26,254 | 85,896 |
| 30 Sep 18 | 1,019,274 | 352,320 | 26,715 | 83,424 |
| 30 Jun 18 | 1,011,033 | 353,174 | 26,964 | 82,583 |
| 31 Mar 18 | 991,611 | 347,154 | 26,725 | 81,749 |
| 31 Dec 17 | 977,447 | 344,998 | 27,169 | 80,733 |
| 30 Sep 17 | 962,104 | 341,492 | 26,761 | 79,476 |
| 30 Jun 17 | 970,403 | 348,326 | 27,386 | 77,155 |
| 31 Mar 17 | 978,357 | 354,561 | 27,180 | 75,001 |
| 31 Dec 16 | 947,938 | 331,714 | 25,696 | 71,208 |
| 30 Sep 16 | 889,230 | 303,161 | 24,028 | 66,911 |
| 30 Jun 16 | 841,329 | 281,731 | 22,586 | 64,673 |
| 31 Mar 16 | 824,959 | 288,642 | 22,425 | 64,382 |
| 31 Dec 15 | 843,497 | 302,851 | 22,922 | 65,545 |
| 30 Sep 15 | 862,500 | 304,142 | 23,007 | 65,823 |
| 30 Jun 15 | 859,045 | 305,144 | 23,269 | 64,544 |
| 31 Mar 15 | 836,625 | 285,425 | 23,969 | 61,542 |
| 31 Dec 14 | 762,807 | 254,301 | 24,021 | 56,829 |
| 30 Sep 14 | 686,091 | 224,537 | 23,296 | 52,888 |
| 30 Jun 14 | 639,619 | 200,158 | 23,263 | 51,037 |
| 31 Mar 14 | 612,484 | 192,268 | 23,470 | 49,369 |
| 31 Dec 13 | 597,024 | 183,978 | 23,387 | 47,952 |
| 30 Sep 13 | 582,663 | 178,103 | 23,667 | 46,454 |
Quality Earnings: TSM has high quality earnings.
Growing Profit Margin: TSM's current net profit margins (38.2%) are lower than last year (44.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TSM's earnings have grown significantly by 22.5% per year over the past 5 years.
Accelerating Growth: TSM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TSM had negative earnings growth (-16%) over the past year, making it difficult to compare to the Semiconductor industry average (-14.8%).
Return on Equity
High ROE: TSM's Return on Equity (23.4%) is considered high.