Taiwan Semiconductor: Q2 Earnings Insights

Shares of Taiwan Semiconductor TSM moved higher by 1.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 90.24% year over year to $0.78, which beat the estimate of $0.71.

Revenue of $10,385,000,000 up by 34.00% from the same period last year, which beat the estimate of $10,350,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 16, 2020

Time: 02:00 AM

ET Webcast URL: https://www.tsmc.com/english/investorRelations/2Q20_earning_conference_form_teleconf.htm

Price Action

52-week high: $67.21

Company's 52-week low was at $39.78

Price action over last quarter: Up 23.58%

Company Profile

Taiwan Semiconductor Manufacturing is the world's largest dedicated chip foundry, with over 50% market share in 2018 (according to IC Insights). TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.