Taiwan Semiconductor reported Q2 earnings, achieving revenue of $30.07 billion and earnings per share of $2.47, exceeding Wall Street expectations. The company has provided optimistic guidance for Q3, anticipating revenue between $31.8 billion and $33 billion, surpassing the expected $31.7 billion. The reported gross margin of 58.6% also exceeded forecasts. However, the gross margin guidance for Q3 is slightly lower, ranging from 55.5% to 57.5%. Despite this, the strong earnings guidance and an increased growth target for 2025 to 30% are driving positive market reactions.
Taiwan Semiconductor reported Q2 earnings with revenue of $30.07 billion, beating Wall Street's $30.00 billion forecast, and raised its 2025 sales growth target to 30%.
The company's Q3 revenue guidance is between $31.8 billion and $33 billion, surpassing Wall Street's expectation of $31.7 billion, demonstrating solid earnings performance.
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