TSMC Q2 2025 Guidance und CY2025 Capex Outlook Reiterated

BamBamInvest · 2025-04-17T06:51:38.363186Z

$TSM $2330 Q2 2025 Guidance: Revenue: $28.4B–$29.2B (Est. $27.2B) ✅; UP +13% QoQ, UP +38% YoY Gross Margin: 57%–59% 🟡 TSMC CY2025 Capex Outlook (Reiterated): Capital Expenditure: $38B–$42B Allocation: • 70%+ for Advanced Nodes • 10%–20% for Specialty Technologies • 10%–20% for Advanced Packaging • Small amount allocated to Arizona capacity expansion

$2330
$TSM (+0.97%)

Net Income: NT$361.6B (Est. NT$354.6B) ✅; UP +60.3% YoY
Revenue: NT$839.3B (Est. NT$846.8B) ❌; UP +41.6% YoY
Gross Margin: 58.8% (vs. 53.0% YoY)✅
Operating Margin: 48.5% (vs. 42.0% YoY)
Net Profit Margin: 43.1%
Diluted EPS: NT$13.94; UP +60.4% YoY

Segment & Technology Revenue:

3nm Revenue Contribution: 22% of total wafer revenue
5nm Revenue Contribution: 36%
7nm Revenue Contribution: 15%
Advanced Nodes (≤7nm): 73% of total wafer revenue

Platform Revenue Mix:

HPC: 59% of total revenue; UP +7% QoQ
Smartphone: 28%; DOWN -22% QoQ
IoT: 5%; DOWN -9% QoQ
Automotive: 5%; UP +14% QoQ
DCE (Data Center Edge): 1%; UP +8% QoQ
Others: 2%; UP +20% QoQ

Geographic Revenue Breakdown:

North America: 77%
China: 7%
Asia Pacific (ex-China): 9%
Japan: 4%
EMEA: 3%

Capital & Operating Metrics:

Capex: $10.06B; UP from $5.77B YoY and $7.1B QoQ
Operating Expenses: NT$85.19B (10.2% of net revenue)
Non-Operating Gain: NT$23.82B

TSMC Q2 2025 Guidance und CY2025 Capex Outlook (Reiterated):

TSMC Q1 - 25 Earnings Highlights: