A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025.
Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating estimates, as demand for artificial intelligence chips stays strong.
The world's largest contract chip manufacturer expects third-quarter revenue between $31.8 billion and $33.0 billion — a 38% year-over-year increase and 8% higher from the prior quarter at the midpoint.
TSMC CEO C.C. Wei said in the earnings call that the company expects its full-year 2025 revenue to rise by around 30% in U.S. dollar terms, supported by growth in artificial intelligence and demand for its most advanced technologies.
Here are the company's results versus LSEG SmartEstimates:
Revenue: 933.80 billion new Taiwan dollars ($31.7 billion), vs. NT$931.24 billion expected
Net income: NT$398.27 billion, vs. NT$377.86 billion
Second-quarter net profit hit a record high, according to Reuters.
TSMC's net revenue in the June quarter rose 38.65% from a year ago to NT$933.80 billion, also beating estimates.
The company's shares were up nearly 6% at 2:25 a.m. ET on trading platform Robinhood.
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