TSMC announced its September revenue today. Summary is as follows:
Consolidated revenue: approximately NT$180.43 billion, a month-on-month decrease of 4.4% and a year-on-year decrease of 13.4%
Q3 revenue: NT$546.732 billion, an increase of 13.7% compared to the previous quarter, a decrease of 10.83% compared to the same quarter last year, better than previous expectations
Cumulative revenue this year: NT$1,536.207 billion, a decrease of 6.2% compared to the same period last yearAccording to reports, TSMC’s revenue in this quarter reached a high point in the past three quarters due to factors such as Apple’s new machine stocking and strong 3nm shipment momentum. According to TSMC’s previous estimates, its Q3 revenue is US$16.7-17.5 billion.
It was previously reported that New Street Research analysts believe that TSMC’s prospects remain bright amid the turmoil in the semiconductor market and chip manufacturers and designers facing reduced orders.
Industry headwinds have caused TSMC to cut revenue guidance twice this year, but analyst Pierre Ferragu believes the company could earn as much as $100 billion in revenue by 2025.
