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Benzinga
  • 14 hours ago
TSMC reported Q1 revenue of $35.6B, up 35% YoY and above estimates, driven by surging AI chip demand from Apple and Nvidia. March revenue alone jumped 45.2%, with price increases on advanced chips contributing to expected 64% gross margins ahead of full earnings on April 16th.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Taiwan Semiconductor Manufacturing Company reported first-quarter revenue of $1.13 trillion
00:08New Taiwan dollars, $35.6 billion, exceeding analyst estimates of $1.12 trillion and rising
00:1535% year-over-year. According to CNBC, March revenue increased 45.2% to $415.2 billion New
00:23Taiwan dollars. The company cited strong demand for AI chips from customers, including Apple and
00:28NVIDIA. Analysts said AI demand offset weakness in smartphones and PCs. TSMC manufactures chips for
00:34consumer electronics and data centers and has benefited from hundreds of billions of dollars
00:39invested in AI infrastructure. The company has raised prices on advanced chips, contributing
00:44to the revenue beat, and is expected to post gross margins of 64%. TSMC will report full
00:49earnings on April 16th. For all things money, visit Benzinga.com.
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