Major Apple supplier TSMC’s revenue handily beats estimates

Taiwan Semiconductor Manufacturing Co. (TSMC)’s quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of AI hardware spending will extend into 2025. Apple’s primary chipmaker reported a 39% rise in October-December revenue to NT$868.5 billion ($26.3 billion), based on calculations off monthly disclosures, according to Bloomberg News. That compares with an average estimate of NT$854.7 billion.
Reuters:
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Revenue in the October-December period of 2024 came in at T$868.42 billion ($26.36 billion), according to Reuters calculations, compared with an LSEG SmartEstimate of T$853.57 billion ($25.90 billion) drawn from 23 analysts.
That represents growth of 34.4% year-on-year, and compares with revenue of $19.62 billion in the year-ago period.
It is not a direct comparison as TSMC provides monthly revenue data only in Taiwan dollars, but gives quarterly revenue figures and its outlook on its quarterly earnings calls both in U.S. dollars.
For December alone, TSMC reported revenue jumped 57.8% year-on-year to T$278.16 billion.
TSMC will report full fourth-quarter earnings on Jan. 16, when it will update its outlook for the current quarter and full year.

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MacDailyNews Take: Should bode well for Apple which reports first fiscal
quarter results and business updates on Thursday, January 30, 2025 at 1:30 p.m. PT / 4:30 p.m. ET.

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