TSMC Reports Q2 Results
Jul 20, 2024
Recently reviewed TSMC reported their Q2 earnings this week. Results looked good: revenue was up 40% (33% in U.S. dollars), with stable gross margins and solid cash flow. Sub 7 nanometer products accounted for 2/3rds of revenue, magnifying the firm's competitive advantages (only Samsung competes in this space). High performance computing applications (HPC) - driven by AI demand - led the way, growing 28% quarter-over-quarter and comprising 52% of revenue. The only down note was a drop in the exchange rate from New Taiwanese dollars, which is the only reason I'm dropping the fair value a few bucks to $181 from a previous $184.
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Watch List
| APPF | 0.31% |
| S | 7.90% |
| NTNX | 29.15% |
| CRWD | 94.58% |
| SEMR | 10.97% |
| SNOW | 23.53% |
| SE | 72.46% |
vs. Fair Value Estimates
Buy List
| TSM | -26.30% |
| GOOG | -44.13% |
| NYAX | -44.21% |
| MSFT | -25.64% |
| ASR | -28.40% |
| HRMY | -49.18% |
| YOU | -51.94% |
| ADBE | -31.43% |
vs. Fair Value Estimates
Hold List
| ZETA | -15.39% |
| ODD | -23.48% |
| FLYW | -8.26% |
| CELH | 1.94% |
| TOST | 25.67% |
| CPNG | 5.62% |
| HIMS | 76.00% |
| PAYC | -23.36% |
| MNDY | 30.15% |
| GLBE | -2.02% |
| ZS | 25.67% |
| V | -3.45% |
| ADSK | 6.74% |
| NOW | 13.33% |
| ABNB | -17.94% |
| MELI | -22.12% |
| FTNT | 7.86% |
| TEAM | 25.43% |
vs. Fair Value Estimates