Taiwan Semi Tops Estimates with Q2 Profit Boom
The surge was powered by high?performance computing orders, which accounted for 60 percent of sales, and a ramp in three?nanometer production now making up 24 percent of wafer revenue. Five?nanometer stayed at about 36 percent, while seven?nanometer dipped to 14%.
A gross margin of 58.6% cushioned the bottom line and beat expectations. CFO Wendell Huang said robust AI and HPC demand will carry into the third quarter, where TSMC sees revenue around $32.4 billion at the midpoint.
TSMC plans to spend up to $42 billion on capacity upgrades this year. With AI workloads still accelerating, execution on its next?gen nodes and cost control will determine whether it can keep its edge.
This article first appeared on GuruFocus.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Fintech firms rush to raise equity in Hong Kong to tap crypto frenzy
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) -Fintech companies are rushing to raise equity in Hong Kong to fund expansions in cryptocurrencies, capitalising on investor fervour as the city starts accepting applications for stablecoin issuer licences on Friday. At least 10 Hong Kong-listed companies raised a total of more than $1.5 billion from share placements in July to be invested in areas including stablecoins, digital assets and blockchain-based payments, according to a Reuters calculation based on exchange filings. They include digital asset platform OSL Group, China's biggest retail cloud solution provider Dmall Inc and artificial intelligence giant SenseTime Group. The equity offerings had been snapped up by investors upbeat about stablecoins, which are cryptocurrencies pegged to assets such as the U.S. dollar. Hong Kong's stablecoin bill passed in May is taking effect on Friday as the Asian financial hub races the United States in setting up a regulated market for such tokens, seen as a key lubricant in the burgeoning digital economy. Before the bill passed, raising funds for stablecoin development in Hong Kong held less appeal for investors. "We're seeing a notable increase in fundraising activity linked to stablecoins and digital assets," said Anthony Pang at international law firm Baker McKenzie, which advised on Dmall's HK$388 million ($49.43 million) share placement last month. "The momentum in this space is real, and it's accelerating." OSL raised $300 million in late July to support global initiatives including development in stablecoins and a digital payment network. The equity raising was completed within three days after the company appointed Macquarie to help with the offering, and the bookbuilding - which attracted sovereign wealth funds and big hedge funds - took less than three hours. "Investor zeal toward cryptocurrencies and stablecoins was palpable," OSL Chief Financial Officer Ivan Wong said. An index tracking Hong Kong-listed stablecoin concept stocks has surged 65% this year, far outperforming the benchmark Hang Seng Index, which is up roughly 23%. Hong Kong's de facto central bank cautioned the public last week against "growing frothiness" and "excessive exuberance" due to the recent hype around stablecoins. PRIVATE MARKET The crypto exuberance has also spilled into the private equity and startup markets. "Venture capitalists are very interested in this area, and many are actively looking at such projects," said Liu Honglin, a Shanghai-based attorney at Man Kun Law Firm, who helped venture capital-backed digital payment service provider Kun raise more than $50 million in Hong Kong last month. "There's definitely a lot of excitement around stablecoin, but the sector is far from being frothy. It's just the start of a trend." JF SmartInvest Holdings raised HK$785 million last month to invest in Real World Assets (RWA), a term used for digital tokens that represent traditional assets such as stocks and commodities. Chinese AI giant SenseTime raised HK$2.5 billion and will use part of the proceeds to explore areas such as blockchain, RWA and stablecoins. Other companies that tapped the crypto craze include ZA Online, Crypto Flow Technology and Easou Tech. Traditional finance players such as custodians and investment managers want a piece of the action, so "interest in these topics, and fintech applications more generally, is set to continue," said Kishore Bhindi, a Hong Kong-based partner at law firm Linklaters. ($1 = 7.8499 Hong Kong dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
Koninklijke Heijmans' (AMS:HEIJM) Performance Is Even Better Than Its Earnings Suggest
Koninklijke Heijmans N.V.'s (AMS:HEIJM) earnings announcement last week was disappointing for investors, despite the decent profit numbers. We did some digging and actually think they are being unnecessarily pessimistic. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Examining Cashflow Against Koninklijke Heijmans' Earnings One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Koninklijke Heijmans has an accrual ratio of -0.21 for the year to June 2025. That indicates that its free cash flow quite significantly exceeded its statutory profit. In fact, it had free cash flow of €199m in the last year, which was a lot more than its statutory profit of €112.0m. Koninklijke Heijmans' free cash flow improved over the last year, which is generally good to see. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On Koninklijke Heijmans' Profit Performance As we discussed above, Koninklijke Heijmans' accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that Koninklijke Heijmans' statutory profit actually understates its earnings potential! And the EPS is up 28% annually, over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about Koninklijke Heijmans as a business, it's important to be aware of any risks it's facing. Case in point: We've spotted 1 warning sign for Koninklijke Heijmans you should be aware of. This note has only looked at a single factor that sheds light on the nature of Koninklijke Heijmans' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
Data breach involving Cycle & Carriage Singapore customer details under probe
SINGAPORE - The authorities are investigating a data breach in which hackers are believed to have accessed details of customers of motoring giant Cycle & Carriage Singapore (C&C). In response to queries, the Personal Data Protection Commission (PDPC) said it is aware of the data breach and investigations are ongoing. C&C, in a note sent to affected customers on July 31, said it is still investigating the full scope of the breach. It is unclear how many customers were affected. The note said: 'We were alerted on 14 July 2025 to the unauthorised access into our customer relationship management system, and the threat actor downloaded some customer information. 'Your information is within the affected data records.' Information that was compromised can include customer names and contact information such as e-mail addresses, phone numbers, and mailing addresses, but not banking or credit card information, it added. C&C also made a police report after it discovered the data breach. The note said: 'Once we became aware of the incident, we took measures to prevent further unauthorised access to the system. A thorough investigation was carried out to establish the facts and it is still ongoing.' It added that forensic investigators were activated to look into the possible causes of the hack, and it had informed the PDPC as well. C&C advised affected customers to keep an eye out for phishing activities or suspicious requests for personal information following the incident. Those who have enquiries or wish to report any suspicious activity can contact C&C customer care officers at 6471 9111 or via e-mail at customerassistancecentre@ Anyone who needs more information on the protection of personal data can refer to the PDPC website. The Straits Times has contacted C&C and the police for more information. Source: The Straits Times © SPH Media Limited. Permission required for reproduction Discover how to enjoy other premium articles here
