According to Reuters, TSMC will announce its third-quarter financial report. Its net profit is expected to decline by 30% year-on-year, but analysts predict that the company will achieve strong growth next year due to chip The industry is emerging from the current downturn.
The profit decline also reflected TSMC’s strong performance in the same period last year, when the company was still driven by the release of demand after the epidemic.
According to data released by TSMC, revenue in the third quarter was approximately US$17 billion, a year-on-year decrease of 20%, roughly in the middle of the company’s forecast range.
Global demand for semiconductors began to weaken in the second half of last year, but analysts said smartphone and computer manufacturers are depleting inventories and restocking demand is expected to increase.
As such, much of the focus on Thursday will be on TSMC’s expectations for the fourth quarter and beyond.
The AI boom has also boosted shares of TSMC, whose Taipei-listed shares have soared 23% so far this year.
According to LSEG SmartEstimate, TSMC’s net profit from July to September is expected to reach NT$195.9 billion (currently about 44.469 billion RMB), and revenue growth in 2024 will reach about 22%. The LSEG SmartEstimate is a smart estimate based on the forecasts of 19 analysts, giving higher weight to analysts who are more accurate.
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