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.
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