TSMC’s net profit in the second quarter increased by 30%, analysts estimate

According to preliminary data, the Taiwanese contract manufacturer of semiconductor components, TSMC, increased revenue by 32% to $20.67 billion in the last quarter, slightly exceeding the expectations of LSEG analysts. They now claim that the company’s net profit for the period rose 30% to $7.25 billion.

Image Source: TSMC

This forecast, with reference to LSEG information summarizing the opinion of 20 industry analysts, was published today by Reuters. TSMC’s detailed quarterly report will be published in the second half of this week. The proportional dynamics of growth in revenue and net profit should have a favorable impact on investors, since it allows us to talk about the balance of expenses and income of the company.

At the same time, TSMC’s expenses should also increase, since the company is re-equipping existing production lines and building new plants not only in Taiwan, but also in the USA and Japan, and is also planning to build a joint venture in Germany. At the same time, at the April reporting event, TSMC management did not raise the forecast for annual capital expenditures, which should still fall within the range of $28 to $32 billion. Investors are already encouraged by the available preliminary statistics from TSMC for the last quarter, this contributed to the growth of the company’s capitalization to $1 trillion last week.