US Stock Market Move | Revenue and profits for Q4 2024 exceeded expectations, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose over 5% in pre-market trading.

On Thursday, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) surged over 5% in pre-market trading, reaching $217.24. The fourth quarter revenue and profit of Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR in 2024 exceeded expectations. The consolidated revenue for the fourth quarter of 2024 was NT$ 868.46 billion (approximately RMB 193.406 billion), a 38.8% increase compared to the same period last year, and a 14.3% increase from the previous quarter. Net profit was NT$ 374.7 billion (approximately RMB 83.46 billion), a 57% increase year-on-year and a 15.2% increase from the previous quarter. The total sales for the year 2024 reached NT$ 2.89 trillion, a 33.9% increase compared to the previous year. Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR has provided guidance for the first quarter of 2025. They estimate a revenue in US dollars of $25 billion to $25.8 billion for the first quarter, with an average decrease of 5.5% compared to the previous quarter. This is in line with market expectations, with a projected gross margin of 57%-59% and operating margin of 46.5%-48.5%. The gross margin is expected to be stable and the operating margin slightly lower.