TSMC Q3 Revenue Beats at NT$1.49T, Wedbush Sees Strong Q4
TSM sits 74% above its 52-week low of $266.82.
Summary
TSMC reported record Q3 revenue of NT$1.49T ($46.71B), up 50% YoY, beating both the LSEG SmartEstimate of NT$1.46T and its own guidance of $44.6B-$45.8B. Wedbush analyst Matt Bryson called the beat 'slightly larger than typical' and expects gross margins to meet or exceed the 66% midpoint of guidance, citing better utilization rates. The stock rose 1.4% premarket. Full Q3 results and updated guidance are due Oct. 15.
At the time of this announcement, TSM was trading at $464.93 on NYSE in the Technology sector, with a market capitalization of approximately $2.1T. The 52-week trading range was $266.82 to $487.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.