Taiwan Semiconductor Manufacturing Co., Ltd.

Taiwan Semiconductor Manufacturing Co., Ltd.

404.80
USD
+6.17
(+1.55%)
17.73EPS
25.74P/E
2.04TMarket Cap
Jan 21Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
133.44
170.5
188.52
211.86
218.46
230.51
239.14
299.32
354.79
506
483.17
646.95
851.39
1,105.14
Basic EPS, GAAP
41.12
56.84
67.69
74.14
77.11
81.14
79.11
114.15
132.39
221.93
190.37
258.93
379.44
564.9
Free Cash Flow per Basic Share
12.75
28.86
59.92
46.21
55.75
56.16
32.49
67.32
58.72
116.44
64.05
192.5
221.81
326.94
Dividend per Share
17.38
17.39
26.08
34.77
40.57
46.36
57.95
57.95
59.4
63.75
65.2
81.15
104.33
127.51
Book Value per Share
186.38
228.47
266.86
303.75
333.85
371.1
360.66
410.08
480.36
648.82
766.44
948.5
1,196.75
1,563.9
Tangible Book Value per Share
183.81
225.45
263.72
300.48
330.68
367.3
356.05
404.32
474.36
643.01
761.36
942.63
1,191.17
1,563.9
Basic Weighted Avg Shares
4,474
4,474
4,474
4,474
4,474
4,474
4,474
4,474
4,474
4,474
4,474
4,474
4,474
4,474
Sales/Revenue/Turnover
597,003
762,835
843,513
947,909
977,443
1,031,362
1,069,989
1,339,239
1,587,415
2,263,891
2,161,736
2,894,308
3,809,054
4,944,817
Operating Margin (%)
35.18
38.91
38.14
39.87
39.56
37.33
34.89
42.32
40.95
49.53
42.62
45.68
50.83
57.98
Depreciation Expense
156,182
200,252
222,506
223,828
260,143
292,546
286,884
331,725
422,395
437,254
532,191
662,797
688,096
746,305
Net Income, GAAP
183,978
254,301
302,851
331,714
344,998
363,053
353,948
510,744
592,359
992,923
851,740
1,158,380
1,697,604
2,527,571
Effective Tax Rate (%)
14.87
15.85
13.59
14.02
12.9
8.66
9.19
12.61
10.58
13.18
13.1
17.66
16.97
17.21
Profit Margin (%)
30.82
33.34
35.9
34.99
35.3
35.2
33.08
38.14
37.32
43.86
39.4
40.02
44.57
51.12
Working Capital
154,513
401,780
506,972
469,443
470,313
594,843
224,250
460,287
848,720
1,066,333
1,251,228
1,779,696
2,294,717
3,117,181
LT Debt
211,584
214,516
191,998
153,115
91,800
56,900
40,142
276,633
634,144
868,861
946,965
987,184
927,657
770,315
Total Equity
834,113
1,022,361
1,194,970
1,359,846
1,494,447
1,661,105
1,614,387
1,835,764
2,151,683
2,917,832
3,453,867
4,279,272
5,396,219
7,043,228
Return on Invested Capital (%)
18.29
20.55
19.51
20.38
19.48
19.11
18.09
24.06
22.12
28.01
18.83
21.65
26.26
33.42
Return on Capital (%)
19.58
22.03
22.45
21.87
20.97
20.61
19.57
25.56
23.36
29.88
21
23.99
29.02
35.98
Return on Common Equity (%)
23.63
27.4
27.33
25.99
24.19
23.02
21.62
29.62
29.74
39.31
26.9
30.19
35.37
42.14

Capital Structure

TWD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
156,242
167,410
213,198
LT Borrowings
901,018
864,264
770,315
LT Finance Leases
33,509
33,276
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,475
4,475
4,475
Market Capitalization
48,295,234
68,042,684
65,063,891

Working Capital

TWD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
4,265,512
4,565,701
5,084,926
Cash, Cash Equivalents & STI
3,452,597
3,597,437
4,016,979
Accounts Receivable, Net
357,743
435,762
483,557
Inventories
311,453
385,525
427,753
Total Current Liabilities
1,714,253
1,857,762
1,967,745
Payables & Accruals
1,417,264
1,514,214
1,754,547
ST Debt
156,242
167,410
213,198
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.69%
24.24%
26.1%
Free Cash Flow
31.98%
51.26%
15.23%
Net Income, GAAP
21.25%
30.39%
46.55%
Sales/Revenue/Turnover
17.21%
24.43%
31.61%
Total Cash Common Dividend
- -
13.02%
28.57%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
592,644
673,510
759,692
868,461
2,894,308
2025
839,254
933,792
989,918
1,046,090
3,809,054
2026
1,134,103
1,270,380
1,494,243
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50.4
55.4
72.71
80.41
258.93
2025
80.82
89.02
101.08
108.5
379.44
2026
127.95
157.91
170.53
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.39
20.29
20.29
23.18
81.15
2025
23.18
26.08
26.08
28.98
104.33
2026
28.98
34.78
34.77
- -
- -

Company Description

CEO
Che Chia Wei
Full Time Employees
76,907
Sector
Electronic technology
Industry
Semiconductors
Address
Hsinchu Science Park Hsinchu TPE Taiwan 300096
IPO Date
Sep 5, 1994
Website
tsmc.com
Business
Taiwan Semiconductor Manufacturing Company Limited (TSMC) operates as the world's largest dedicated independent semiconductor foundry, manufacturing advanced integrated circuits using process technologies from 2 microns to 3 nanometers for fabless semiconductor firms, integrated device manufacturers, and system companies; its core offerings encompass wafer manufacturing, wafer probing, assembly, testing, mask production, design services, advanced logic nodes including 5nm, 3nm families like N3E and N3P, forthcoming 2nm N2, specialty technologies for automotive, IoT, consumer electronics, industrial, and power management applications, and advanced packaging solutions such as Integrated Fan-Out (InFO), Chip on Wafer on Substrate (CoWoS), and silicon stacking. The company, founded in 1987 and headquartered in Taiwan's Hsinchu Science Park, maintains primary operations in Taiwan with global facilities in the United States (Arizona and Washington), Japan (Kumamoto via Japan Advanced Semiconductor Manufacturing joint venture with Sony and Denso), Germany (Dresden via European Semiconductor Manufacturing Company with Bosch, Infineon, and NXP), China (Nanjing and Shanghai), and Singapore, serving customers across high-performance computing, smartphones, data centers, telecommunications, automotive, and consumer electronics sectors primarily in North America (68% of 2024 sales), China, Taiwan, Japan, and Europe. Recent developments include securing $2.23 billion in global subsidies in H1 2025 from the US, Germany, Japan, and China to fund expansions like a third Arizona fab for 2nm and A16 processes, plans for three additional 2nm factories in Taiwan amid surging AI chip demand, acquisition of an Innolux plant in 2024 for $531 million to enhance CoWoS packaging capacity, accelerated construction of a 1.4nm fab with trial production slated for 2027, and a $100 billion commitment for further US fabs, assembly, and R&D following partnerships such as the TSMC-University of Tokyo Lab established in June 2025.

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