TSMC posts Q4 revenue of T$1,046.08 billion, above forecasts

TSMC, the world's largest contract chipmaker, reported on Friday fourth-quarter revenue rose 20.45 percent from a year earlier, beating the market forecast, as demand for the company's products leapt on surging interest in artificial intelligence applications.

Revenue for the October-December period was T$1,046.08 billion, according to Reuters calculations based on monthly data the company released, compared with T$868.46 billion in the year-ago period.

The latest result handily topped a LSEG SmartEstimate of T$1,035.913 billion ($32.72 billion) drawn from 20 analysts, and was in line with guidance of $32.2 billion to $33.4 billion issued by TSMC in October in its last earnings call. TSMC only gives guidance in U.S. dollars.

TSMC will report full fourth-quarter earnings on January 15, including an updated outlook for the current quarter and full year.

The company, whose customers include Nvidia and Apple, has been a major beneficiary of advances in AI, which has more than offset the tapering off of pandemic-led demand for chips used in consumer electronics like tablets.

The latest result handily topped a LSEG SmartEstimate of T$1,035.913 billion drawn from 20 analysts, and was in line with guidance of $32.2 billion to US$33.4 billion issued by TSMC in October in its last earnings call. TSMC only gives guidance in US dollars.

TSMC will report full fourth-quarter earnings on January 15, including an updated outlook for the current quarter and full year.

The company, whose customers include Nvidia and Apple, has been a major beneficiary of advances in AI, which has more than offset the tapering off of pandemic-led demand for chips used in consumer electronics like tablets.

REUTERS