en.Wedoany.com Reported - Affected by a typhoon, TSMC postponed the release of its June revenue data, originally scheduled for July 10, to July 13. Market analysts are optimistic that, driven by demand for artificial intelligence (AI), the company's second-quarter dollar-denominated revenue is expected to surpass its financial forecast, with both New Taiwan dollar and U.S. dollar revenues likely hitting new highs simultaneously.
Analysts expect TSMC's second-quarter dollar-denominated revenue to potentially exceed the high end of its financial forecast, translating to a quarter-over-quarter increase of over 13% in New Taiwan dollar revenue. The gross margin is also expected to surpass the high end of the forecast, with earnings per share (EPS) exceeding NT$24 for the quarter.
TSMC's cumulative revenue for April and May this year has already reached NT$827.701 billion. Based on the midpoint of the dollar-denominated financial forecast, analysts estimate TSMC's June revenue at approximately NT$425.3 billion, which could set a new record. This would help the company smoothly achieve its second-quarter dollar-denominated financial target, and may even exceed it, with quarterly revenue estimated to surpass NT$1.25 trillion.
TSMC Chairman and CEO C.C. Wei recently stated that he is optimistic about the major AI trend. TSMC not only aims for a 30% year-over-year increase in dollar-denominated revenue this year, continuing to set new records, but also has strong confidence in its visibility extending to 2030. He pointed out that the sudden development of AI has caused insufficient flexibility in the supply chain. Bottlenecks exist not only at TSMC but also among equipment suppliers facing parts shortages, with numerous constraints evident throughout the supply chain.
TSMC previously estimated second-quarter revenue to be between $39 billion and $40.2 billion. Based on the midpoint of approximately $39.6 billion, this is expected to set a new record, translating to a quarter-over-quarter increase of about 10.3%, outperforming market estimates of 6% to 8%.
