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.
Follow @GreenDotStocks
Information contained on this website represents only the opinions of the author and should not be used as the sole basis for investing decisions. By using this site, you agree to all statements in the Site Policy.
Watch List
CRWD | 19.27% |
VEEV | 14.53% |
SNPS | 44.69% |
WDAY | 7.03% |
SNOW | -20.18% |
SE | 7.10% |
ENLT | -12.28% |
MA | 4.00% |
PINS | 6.24% |
MSFT | -20.85% |
CMG | 60.70% |
GOOG | 28.94% |
TSM | -9.56% |
GTLB | 26.93% |
SMAR | 9.67% |
vs. Fair Value Estimates
Buy List
ODD | -34.06% |
ASR | -39.38% |
CELH | -42.80% |
HIMS | -31.29% |
PAYC | -45.38% |
HRMY | -46.12% |
YOU | -39.38% |
ABNB | -28.30% |
TEAM | -28.68% |
vs. Fair Value Estimates
Hold List
FLYW | -7.68% |
TOST | -15.37% |
CPNG | -0.72% |
MNDY | 27.75% |
GLBE | -23.98% |
ZS | -2.84% |
V | -15.31% |
ADSK | -4.27% |
NOW | 19.00% |
MELI | -5.99% |
FTNT | -18.49% |
ADBE | -1.91% |
vs. Fair Value Estimates