TAIPEI (TVBS News) — TSMC (台積電) reported record-breaking revenue and profits for the fourth quarter of 2024 at its earnings conference on Thursday (Jan. 16), revealing that its Q4 revenue surged to US$26.88 billion, hitting the high end of its forecasted range of US$26.1 billion to US$26.9 billion.
The company's Q4 gross margin climbed to 59%, exceeding expectations and marking a 1.2 percentage point increase from the previous quarter. TSMC's operating profit margin reached 49%, surpassing the anticipated 46.5% to 48.5% range. The net income attributable to the parent company soared to NT$374.68 billion, translating to earnings per share of NT$14.45.
Advanced manufacturing processes played a significant role in TSMC's success, with 3nm, 5nm, and 7nm technologies accounting for 74% of the Q4 output. The 3nm process alone contributed 26%, while 5nm and 7nm accounted for 34% and 14%, respectively. For the entire year of 2024, TSMC achieved a record total revenue of NT$2.8943 trillion, a 33.9% increase from the previous year.
TSMC's annual gross margin rose to 56.1%, up 1.7 percentage points from 2023. The company reported a net income of NT$1.1732 trillion for the year, a 39.9% increase, with earnings per share rising nearly 40% to NT$45.25 compared to NT$32.34 in 2023. The growth was driven by growth in high-performance computing, smartphones, and automotive platforms.