TSMC's monthly revenue reached a new high, returning to 200 billion yuan
TSMC (2330), the leader of wafer foundry, announced yesterday (10th) that its revenue for October was 243.203 billion yuan, a monthly increase of 34.8%, a new high in a single month. After eight months of failure, its revenue returned to the 200 billion level. The legal representative stated that it is mainly driven by demand from major customers such as Apple and NVIDIA, as well as bets on artificial intelligence (AI) orders.
According to the analysis of legal entities, based on TSMC's US dollar financial forecast, it is estimated that TSMC's operating peak this year will fall in October. With the peak of customer demand, it is expected that the revenue in November and December will be lower than that in October.
According to TSMC's financial forecast, the legal entity estimates that TSMC's revenue for this quarter is between 601.6 billion to 627.2 billion New Taiwan dollars, which is expected to be the peak operating revenue of this year.
According to the estimated revenue achievement rate of TSMC in October, which has exceeded 38%, the expected revenue for November to December this year is between 179.2 billion yuan and 192 billion yuan, which is expected to decline from the historical high in October and is estimated to be less than 200 billion yuan, with a monthly decrease ranging from 21% to 26.3%.
TSMC's revenue increased by 15.7% annually in October, with a cumulative revenue of 1779.41 billion yuan in the first ten months of this year, a decrease of 3.7% annually. According to legal analysis, TSMC's revenue growth in October mainly came from the launch of new products by its main customer, Apple, which led to an increase in the 3-nanometer crop growth rate and shipment. However, the subsequent momentum will still depend on the buying of consumer electronics products before Christmas. However, this year, both Apple and non Apple's main customers have gathered their buying momentum in October, and there will still be seasonal factors in the future.
TSMC had previously predicted that its revenue in the fourth quarter of this year would be between $18.8 billion and $19.6 billion, with an average quarterly increase of over 11%. In addition, TSMC predicted a slight decline in gross profit margin and profit margin in the fourth quarter compared to the third quarter, in line with the company's expectations.
According to TSMC's expectations, the average quarterly increase in US dollar revenue in the fourth quarter is estimated to be 11.1%, with a high and low standard quarterly increase of 8.8-13.4%. The exchange rate is assumed to be based on the conversion of 32 New Taiwan dollars to 1 US dollar, resulting in a gross profit margin of 51.5-53.5% and a profit margin of 39.5-41.5% in the fourth quarter.
TSMC's financial report last year showed that the largest customer's revenue contribution for the entire year exceeded 500 billion yuan, with an absolute value reaching a new high. However, with the expansion of TSMC's revenue scale, the single customer's contribution of 23% slightly decreased compared to 26% in 2021.
TSMC did not disclose a single customer name, but the legal representative estimated that it should be Apple. It is expected that with Apple's acquisition of the first batch of TSMC's 3 nanometers production capacity, which will drive overall operations in the second half of the year, the absolute value of related revenue contributions will continue to increase this year.
According to TSMC's financial forecast, the legal entity estimates that TSMC's revenue for this quarter is between 601.6 billion to 627.2 billion New Taiwan dollars, which is expected to be the peak operating revenue of this year.
According to the estimated revenue achievement rate of TSMC in October, which has exceeded 38%, the expected revenue for November to December this year is between 179.2 billion yuan and 192 billion yuan, which is expected to decline from the historical high in October and is estimated to be less than 200 billion yuan, with a monthly decrease ranging from 21% to 26.3%.
TSMC's revenue increased by 15.7% annually in October, with a cumulative revenue of 1779.41 billion yuan in the first ten months of this year, a decrease of 3.7% annually. According to legal analysis, TSMC's revenue growth in October mainly came from the launch of new products by its main customer, Apple, which led to an increase in the 3-nanometer crop growth rate and shipment. However, the subsequent momentum will still depend on the buying of consumer electronics products before Christmas. However, this year, both Apple and non Apple's main customers have gathered their buying momentum in October, and there will still be seasonal factors in the future.
TSMC had previously predicted that its revenue in the fourth quarter of this year would be between $18.8 billion and $19.6 billion, with an average quarterly increase of over 11%. In addition, TSMC predicted a slight decline in gross profit margin and profit margin in the fourth quarter compared to the third quarter, in line with the company's expectations.
According to TSMC's expectations, the average quarterly increase in US dollar revenue in the fourth quarter is estimated to be 11.1%, with a high and low standard quarterly increase of 8.8-13.4%. The exchange rate is assumed to be based on the conversion of 32 New Taiwan dollars to 1 US dollar, resulting in a gross profit margin of 51.5-53.5% and a profit margin of 39.5-41.5% in the fourth quarter.
TSMC's financial report last year showed that the largest customer's revenue contribution for the entire year exceeded 500 billion yuan, with an absolute value reaching a new high. However, with the expansion of TSMC's revenue scale, the single customer's contribution of 23% slightly decreased compared to 26% in 2021.
TSMC did not disclose a single customer name, but the legal representative estimated that it should be Apple. It is expected that with Apple's acquisition of the first batch of TSMC's 3 nanometers production capacity, which will drive overall operations in the second half of the year, the absolute value of related revenue contributions will continue to increase this year.