Taiwan Semiconductor Manufacturing Co., Ltd.

Taiwan Semiconductor Manufacturing Co., Ltd.

375.44
USD
+22.34
(+6.33%)
17.62EPS
25.89P/E
2.05TMarket Cap
Jan 21Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
132.66
169.5
187.42
210.62
217.18
229.16
237.74
297.57
352.71
503.04
480.34
643.16
846.41
1,098.68
Basic EPS, GAAP
40.88
56.51
67.29
73.7
76.66
80.67
78.64
113.48
131.62
220.63
189.26
257.41
377.23
561.6
Free Cash Flow per Basic Share
12.67
28.69
59.57
45.94
55.42
55.83
32.3
66.92
58.38
115.76
63.68
191.37
220.52
325.03
Dividend per Share
17.28
17.28
25.93
34.57
40.33
46.09
57.62
57.62
59.06
63.38
64.82
80.68
103.72
126.76
Book Value per Share
185.29
227.14
265.3
301.97
331.9
368.94
358.55
407.68
477.55
645.03
761.97
942.96
1,189.75
1,554.76
Tangible Book Value per Share
182.73
224.13
262.17
298.72
328.75
365.16
353.96
401.96
471.59
639.25
756.91
937.12
1,184.21
1,554.76
Basic Weighted Avg Shares
4,500
4,500
4,501
4,501
4,501
4,501
4,501
4,501
4,501
4,500
4,500
4,500
4,500
4,501
Sales/Revenue/Turnover
597,003
762,835
843,513
947,909
977,443
1,031,362
1,069,985
1,339,255
1,587,415
2,263,891
2,161,736
2,894,308
3,809,054
4,944,817
Operating Margin (%)
35.18
38.91
38.14
39.87
39.56
37.2
34.83
42.32
40.95
49.53
42.62
45.68
50.83
57.98
Depreciation Expense
156,182
200,252
222,506
223,828
260,143
292,546
286,884
331,725
422,395
437,254
532,191
662,797
688,096
746,305
Net Income, GAAP
183,978
254,301
302,851
331,714
344,998
363,053
353,948
510,744
592,359
992,923
851,740
1,158,380
1,697,604
2,527,571
Effective Tax Rate (%)
14.87
15.85
13.59
14.02
12.9
8.66
9.19
12.61
10.58
13.18
13.1
17.66
16.97
17.21
Profit Margin (%)
30.82
33.34
35.9
34.99
35.3
35.2
33.08
38.14
37.32
43.86
39.4
40.02
44.57
51.12
Working Capital
154,513
401,780
506,972
469,443
470,313
594,843
224,250
460,287
848,720
1,066,333
1,251,228
1,779,696
2,294,717
3,117,181
LT Debt
211,584
214,516
191,998
153,115
91,800
56,900
40,142
276,633
634,144
868,861
946,965
987,184
927,657
770,315
Total Equity
834,113
1,022,361
1,194,970
1,359,846
1,494,447
1,661,105
1,614,387
1,835,764
2,151,683
2,917,832
3,453,867
4,279,272
5,396,219
7,043,228
Return on Invested Capital (%)
18.31
20.55
19.51
20.38
19.48
19.11
18.09
24.06
22.12
28.01
18.83
21.65
26.26
33.42
Return on Capital (%)
19.7
22.03
22.45
21.87
20.97
20.61
19.57
25.56
23.36
29.88
21
23.99
29.02
35.98
Return on Common Equity (%)
23.82
27.4
27.33
25.99
24.19
23.02
21.62
29.62
29.74
39.31
26.9
30.19
35.37
42.14

Capital Structure

TWD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
156,242
167,410
213,198
LT Borrowings
901,018
864,264
770,315
LT Finance Leases
33,509
33,276
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,501
4,501
4,501
Market Capitalization
48,579,145
68,442,684
65,446,379

Working Capital

TWD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
4,265,512
4,565,701
5,084,926
Cash, Cash Equivalents & STI
3,452,597
3,597,437
4,016,979
Accounts Receivable, Net
357,743
435,762
483,557
Inventories
311,453
385,525
427,753
Total Current Liabilities
1,714,253
1,857,762
1,967,745
Payables & Accruals
1,417,264
1,514,214
1,754,547
ST Debt
156,242
167,410
213,198
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.69%
24.24%
26.1%
Free Cash Flow
31.98%
51.26%
15.23%
Net Income, GAAP
21.25%
30.39%
46.55%
Sales/Revenue/Turnover
17.21%
24.43%
31.61%
Total Cash Common Dividend
- -
13.02%
28.57%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
592,644
673,510
759,692
868,461
2,894,308
2025
839,254
933,792
989,918
1,046,090
3,809,054
2026
1,134,103
1,270,380
1,494,243
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50.1
55.07
72.28
79.94
257.41
2025
80.35
88.5
100.49
107.86
377.23
2026
127.2
156.99
169.53
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.29
20.17
20.17
23.05
80.68
2025
23.05
25.93
25.93
28.81
103.72
2026
28.81
34.57
34.57
- -
- -

Company Description

CEO
Che Chia Wei
Full Time Employees
76,907
Sector
Electronic technology
Industry
Semiconductors
Address
Hsinchu Science Park Hsinchu Taiwan 300096
IPO Date
Sep 5, 1994
Website
tsmc.com
Business
Taiwan Semiconductor Manufacturing Company Limited (TSMC) operates as a dedicated semiconductor foundry and leader in advanced wafer fabrication services. TSMC focuses on the production of integrated circuits (ICs) for fabless semiconductor companies and other customers, offering a broad range of process technologies, specialty process services, and manufacturing solutions that enable customers to design and scale semiconductor products across diverse applications. Main Products and Services - Foundry services: leading-edge wafer fabrication for ICs across a variety of process nodes and technologies; volume production of logic, mixed-signal, analog, and specialty wafers; risk production and high-volume manufacturing capacity optimization; multi-project wafer service and turnkey manufacturing support. - Process technologies: advanced CMOS logic, FinFET and FinFET-equivalent structures for power and performance, ultra-low leakage processes, memory and specialty technologies, and specialty nodes tailored to customer requirements; development of process design kits, process qualification, and yield learning programs. - Manufacturing services: wafer fabrication, front-end processes (Fabs), back-end assembly and testing coordination as part of ecosystem support; package and test coordination through close collaboration with customers and ecosystem partners to ensure quality, reliability, and timing. - Design enablement and collaboration: IP protection, design-for-manufacturability guidance, collaboration on process characterizations, and joint development programs to optimize yields and performance for customer designs. - Supply chain and logistics support: wafer sourcing, utilization planning, capacity management across multi-site operations, and customer-facing supply chain services to ensure timely delivery and mitigated risk. - Quality and reliability services: extensive qualification programs, reliability testing, failure analysis, and ongoing monitoring to ensure product performance and adherence to industry standards. Geographic Operations - Global manufacturing footprint primarily anchored in Taiwan with wafer fabrication facilities and advanced cleanroom facilities; regional and global customer service and logistics support networks enabling worldwide access to manufacturing capacity; cross-border logistics and international customer engagement to support global fabless ecosystems. Founding Year and Headquarters - Founded in 1987 and headquartered in Hsinchu, Taiwan, with strategic presence and manufacturing operations spanning multiple regions to support a global customer base. Industry and Segments - Industry: Semiconductors; Segment focus: pure-play semiconductor foundry services, advanced wafer fabrication, and related manufacturing ecosystem support. - Customer types: fabless semiconductor companies, integrated device manufacturers seeking high-volume, technologically advanced wafer production, and partners within the semiconductor ecosystem requiring reliable manufacturing capacity and process innovation. Subsidiaries and Relationships - Operates as a standalone corporate entity with a comprehensive global ecosystem; maintains strategic partnerships and collaborations with major customers and ecosystem players to advance process technology development and manufacturing capabilities. Latest Major Company Changes - Strategic partnerships and alliances: engages in ongoing collaborations with leading semiconductor design houses, IP providers, and ecosystem partners to advance advanced process technologies, yield optimization, and manufacturing efficiency. - Funding rounds and acquisitions: maintains consistency of capital investment in advanced process development and capacity expansion to meet growing demand for cutting-edge nodes and specialty processes. - New product launches and service offerings: introduces process technology nodes and production capabilities aligned with market demand for high-performance, energy-efficient, and AI/accelerator-focused ICs. - Strategic shifts and expansions: expands manufacturing capacity and capability footprint through planned investments and site optimization initiatives to support multi-node, multi-project production pipelines. - Operational changes: implements ongoing efficiency programs, supply chain resilience measures, and process development roadmaps to sustain leadership in node advancement and manufacturing reliability. Context and Positioning - Market role: TSMC is a strategic manufacturing partner for leading technology and semiconductor companies, providing scalable, reliable, and technologically advanced fabrication services that underpin modern electronics across computing, communications, automotive, consumer electronics, and AI/ML applications. - Competitive differentiators: process technology leadership, high-volume manufacturing discipline, deep yield learning, comprehensive supply chain execution, and robust ecosystem collaboration that accelerates time-to-market for customers.

Company News

  • TSMC Jumped 6% on a Report It Could Make Memory Chips for Nvidia

  • Not Nvidia. Not Micron. After the Chip Sell-Off, I'd Buy This AI Stock and Hold It Forever.

  • TSMC Makes the Chips for Both Nvidia and AMD. Here's What a $5,000 Investment Could Be Worth by 2030.

  • Forget Nvidia. Here's the Company Behind the Chips

  • Taiwan Semiconductor Just Won Big in The Midterms

  • Wall Street's AI Crash Just Hit Asia: Korea Halted, Japan in a Bear Market

  • Asia’s Chip Stocks Crashed Overnight, With SK Hynix Down 11.7% And Taiwan Off More Than 8%. Now Nasdaq Futures Are Pointing Higher

  • Keep Calm, Stocks Are On Sale

  • Advanced Micro Devices vs. Taiwan Semiconductor Manufacturing: The AI Sell-Off Is Exposing a Critical Difference Investors Shouldn't Ignore for 2027

  • Not Nvidia. Not AMD. 2 Chip Stocks I'd Buy Before the End of the Year.

  • Nvidia vs. Taiwan Semiconductor: The AI Revolution Is Big Enough for Both. Here's the Better Buy.

  • TSMC's AI Opportunity Is Expanding. Here's the Question That Matters for Its Stock Price

  • Better Foundry Stock: Taiwan Semiconductor vs. Intel

  • How a blue wave crushed the tech right

  • 4 Semiconductor Stocks to Buy as Q3 Sales Soar on Robust AI Demand

  • Better AI Semiconductor Monopoly Stock: Taiwan Semiconductor vs. ASML

  • Semiconductor Sell-Off: The Best Chip Stocks to Buy Right Now Before They Skyrocket Once Again

  • Broadcom vs. Taiwan Semiconductor: Two AI Powerhouses, but One Offers a Better Value for 2027

  • Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Position Lowered by ARGA Investment Management LP

  • Chainlink Now Streams Prices for $40 Trillion of Asian Stocks. So Why Is LINK Still 79% Below Its All-Time High?