TSMC stock pops on 40% jump in Q2 revenue

Taiwan Semiconductor Manufacturing Company (TSM) shares are surging in Wednesday’s pre-market trading following the release of the company’s second-quarter revenue figures. The semiconductor giant reported a 40% year-over-year increase in revenue, with growth attributed to demand for its artificial intelligence (AI) chips.

TSMC’s full earnings report is expected out next week on Thursday, July 18.

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This post was written by Angel Smith

Video Transcript

Shifting to a top trending ticker on Yahoo Finance shares of Taiwan Semiconductor higher this morning after reporting a 40% jump in revenue for the second quarter from the prior year, that rise attributed to growing demand for A I chips here.

And ultimately to kind of give you a kind of year over year number that we’re looking at here, the the year over year increase that the company is actually saying a little closer to 32.9% in that year over year, same period increase.

Ultimately, that net revenue just to put a number on it $207 billion 207.87 billion dollars there.

And then you’re looking at ultimately a decrease kind of month over month here, slightly from May of about 9.5%.

But ultimately, you look at what we’ve seen in the same six month period, January to June versus the same period last year.

Also looking at an increase there of about 28% here.

Yeah, exactly.

And this all has to do with surging demand, right?

You mentioned that 40% revenue growth number here in the most recent quarters, that fastest pace that we’ve seen in just about two years since 2022.

And why will so many of these companies are willing to spend on A I trying to ramp up their A I exposure here?

And because of that, we have seen a number of analysts over the last week or so.

We’ll talk more and more about pricing power here with TS MC and exactly what that could look like the potential here to charge customers just a bit more given that unabated demand that we have seen over the last several quarters.

Remember that the supply here for nvidia and Apple’s most advanced chip.

So that’s really driving much of the interest within this name.

But again, you’re looking at gains of just about 2% today and this, this stock also crossed the one trillion market cap earlier this week just briefly.

So we’ll see whether or not we get back there.

Should note that those dollar figures I mentioned were in New Taiwan dollars as well here just for any viewers out there wondering and you can run the conversions uh yourself as well.

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But this company is also gonna be reporting earnings, July 18th.

So just next week, just over 6 billion.