Taiwan Semiconductor (TSMC) (2330) Earnings: 2Q Net Income Surpasses Estimates with Strong Margins

Taiwan Semiconductor (TSMC) on Smartkarma

Analysts on Smartkarma have been closely monitoring Taiwan Semiconductor (TSMC) and providing valuable insights for investors. William Keating‘s report titled “TSMC’s June Revenue Declined 9.5% MoM. Should We Be Worried?” highlighted TSMC’s strong Q224 revenue of US$20.9 billion, exceeding expectations and marking the company’s highest revenue quarter ever. Vincent Fernando, CFA, in his report “Taiwan Tech Weekly: Declines With Nvidia; Taiwan’s Vietnam Shift Continues; UMC’s Outlook Improves,” discussed positive industry trends and optimistic outlook for companies like UMC. The Tech Supply Chain Tracker also emphasized the potential for growth in the tech sector, with a focus on developments like a Taiwan-UK quantum tech partnership.

In another report by Patrick Liao, TSMC’s promising growth outlook for 2024, driven by increasing CoWoS demand and strong stock performance, indicates ongoing success for the company. The Tech Supply Chain Tracker‘s coverage, such as “Tech Supply Chain Tracker (05-Jun-2024): Gelsinger forecasts Intel Taiwan party for 40th anniversary,” sheds light on key industry events and forecasts from industry leaders like Gelsinger from Intel. Smartkarma’s platform offers a comprehensive view of analyst coverage, providing essential information for investors following TSMC and the broader tech landscape.

A look at Taiwan Semiconductor (TSMC) Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

The long-term outlook for Taiwan Semiconductor (TSMC) looks promising based on the Smartkarma Smart Scores. With a solid Growth score of 4 and Resilience score of 4, the company is positioned well for future expansion and able to weather market challenges. Furthermore, TSMC has a high Momentum score of 5, indicating strong market performance and investor interest.

Although the Value and Dividend scores are more moderate at 2 each, the company’s focus on growth and resilience, combined with its current momentum, suggests a positive trajectory ahead. Taiwan Semiconductor Manufacturing Company, Ltd. is a leading player in the integrated circuits industry, catering to a diverse range of sectors such as computer, communication, consumer electronics, automotive, and industrial equipment.

Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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