Logo

TSM

Taiwan Semiconductor Manufacturing Company Limited

TSM

Taiwan Semiconductor Manufacturing Company Limited • NYSE
$291.64 ▲ 0.58% (+1.68)
Market Cap $1.51 T
52w High $311.37
52w Low $134.25
Dividend Yield 2.90%
P/E 30.19
Volume 5.42M
Outstanding Shares 5.19B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $989.918B ▲ $87.858B ▲ $452.302B ▲ 45.691% ▲ $87.2 ▲ $688.156B ▼
Q2-2025 $933.792B ▲ $83.946B ▼ $398.273B ▲ 42.651% ▼ $76.8 ▲ $856.233B ▲
Q1-2025 $839.254B ▼ $86.314B ▼ $361.564B ▲ 43.082% ▲ $69.7 ▲ $591.629B ▼
Q4-2024 $868.461B ▲ $86.666B ▲ $359.792B ▲ 41.429% ▼ $69.4 ▲ $596.091B ▲
Q3-2024 $759.692B $78.579B $325.258B 42.814% $62.75 $555.051B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.751T ▲ $7.354T ▲ $2.319T ▼ $4.998T ▲
Q2-2025 $2.684T ▼ $7.006T ▼ $2.39T ▼ $4.581T ▲
Q1-2025 $2.763T ▲ $7.133T ▲ $2.532T ▲ $4.564T ▲
Q4-2024 $2.485T ▲ $6.692T ▲ $2.412T ▲ $4.244T ▲
Q3-2024 $1.887T $6.166T $2.144T $3.99T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $452.302B ▼ $426.829B ▼ $-259.752B ▼ $-128.294B ▼ $106.235B ▲ $139.377B ▼
Q2-2025 $493.035B ▲ $497.064B ▼ $-228.488B ▲ $-119.701B ▼ $-30.28B ▼ $197.501B ▼
Q1-2025 $361.564B ▼ $625.57B ▲ $-290.192B ▲ $-84.666B ▲ $267.173B ▲ $294.74B ▲
Q4-2024 $374.68B ▲ $620.205B ▲ $-311.919B ▼ $-100.732B ▼ $240.846B ▲ $258.256B ▲
Q3-2024 $325.258B $391.992B $-195.51B $-83.638B $87.654B $184.089B

Five-Year Company Overview

Income Statement

Income Statement TSMC’s income statement shows a very profitable business with strong growth over the five-year period, despite some ups and downs. Revenue and profits have risen significantly from early in the period, with a temporary dip around 2023 as the chip cycle cooled, followed by a sharp rebound to new highs more recently. Profit margins remain very high for a manufacturing company, which suggests strong pricing power, efficient operations, and good cost control. Overall, the earnings profile is cyclical but clearly trending upward, with the company bouncing back quickly after downturns in demand.

Balance Sheet

Balance Sheet The balance sheet looks solid and steadily stronger over time. Total assets and shareholder equity have grown substantially, reflecting heavy investment in new factories and technology as well as the accumulation of retained profits. Cash levels have climbed meaningfully, giving the company a sizable liquidity cushion. Debt has increased but remains modest relative to the overall size and profitability of the business, suggesting financial risk is manageable. In simple terms, TSMC appears well-capitalized, with plenty of resources to fund its very large investment plans.

Cash Flow

Cash Flow TSMC generates strong cash flow from its operations year after year, even through industry slowdowns. A large portion of that cash is consistently reinvested into new plants and equipment, so capital spending is very heavy and fairly relentless. Because of this, free cash flow stays positive but can swing quite a bit depending on the exact timing of those big investments. The pattern shows a business that largely funds its own growth internally, but with a cash profile that is naturally lumpy due to the scale of its expansion projects.

Competitive Edge

Competitive Edge TSMC occupies a dominant, almost unique position as the world’s leading pure-play chip foundry at the most advanced manufacturing levels. Its scale, long track record of reliable execution, and deep, trust-based relationships with top customers like major smartphone and AI chip designers create very high barriers for rivals. The company’s focus on not competing with its customers helps it win and retain the most valuable chip designs in the industry. While it faces competition from large players such as Samsung and Intel and operates in a geopolitically sensitive region, its combination of technology leadership, cost advantages, and customer loyalty gives it a very strong competitive moat today.

Innovation and R&D

Innovation and R&D Innovation is at the core of TSMC’s strategy. The company leads in cutting-edge chip manufacturing technologies, having moved ahead first on several generations of smaller and more efficient process nodes and aggressively adopting advanced tools like EUV lithography. It is also pushing hard into advanced packaging and 3D stacking, which are increasingly critical for high-performance computing and AI chips. A clear roadmap to future generations of technology, including even smaller nodes and more sophisticated 3D integration, shows sustained commitment to heavy R&D and capital spending. This focus on staying a step ahead technologically is central to maintaining its edge over time.

Summary

Overall, TSMC combines very strong profitability, a robust balance sheet, and powerful cash generation with a leading competitive and technological position in a strategically vital industry. The business is cyclical and extremely capital intensive, so earnings and free cash flow can fluctuate and require continual large investments. At the same time, its role as the key manufacturing partner for many of the world’s most important chip designers, especially in smartphones, data centers, and AI, underpins its long-term growth potential. Key ongoing risks include industry cycles, execution on its ambitious technology roadmap, and broader geopolitical and supply-chain considerations, but the current financial and competitive profile is that of a global semiconductor cornerstone rather than a niche player.

NEWS

November 18, 2025 · 8:30 AM UTC

Defiance Launches STSM: The First 2X Short ETF for Taiwan Semiconductor Manufacturing Company Limited

Read more

October 27, 2025 · 6:00 PM UTC

BetterInvesting™ Magazine Update on Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) and The Campbells (NYSE: CPB)

Read more

October 24, 2025 · 1:59 PM UTC

EMTAR Demonstrates Intelligent Wireless System for 6G Non-Terrestrial Networks

Read more

October 7, 2025 · 9:00 AM UTC

Omni Design Technologies Tapes Out Ultra-High-Speed 64GSPS ADC on TSMC N3 process

Read more

September 29, 2025 · 11:30 AM UTC

Silicon Creations Receives 9th Consecutive TSMC OIP Partner of the Year Award for Mixed Signal IP

Read more