TSMC Quarterly Revenue US $33.73 billion (up 25.5% YoY)

TSMC Q4 2025 Quarterly Results

Revenue = US $33.73 billion (up 25.5% YoY)
* Guidance was US $32.2 to US $33.4 billion

Gross Margin = 62.3% (up 5.6% YoY)
* Guidance was 59% to 61%

Net Income = US $16.29 billion (up 40.6% YoY)
* Net Profit Margin = 48.3% (up 12.1% YoY)

Earnings Per Share = US $0.63 (up 40% YoY)

Free Cash Flow = US $11.89 billion (up 48.8% YoY)

Revenue by Platform (Top 3)
* High Performance Computing = 55% (YoY growth rate +4%)
* Smartphone = 32% (YoY growth rate +11%)
* Internet of Things = 5% (YoY growth rate +3%)

Efficiency Metrics
* Accounts Receivable Turnaround Days = 26 (down 3.7% YoY)
Bullish signal: customers paying on time; no cash flow or product quality red flags
* Inventory Turnaround Days = 74 (down 7.5%YoY) Bullish signal: high demand and efficient production.

Average Exchange Rate NTD/USD = 31.01 (down 4% YoY)

TSMC Top Customers

• Apple: Chips for iPhone (A series), MacBook/iPad (M series) and Apple Watch (S series). Apple has reportedly secured over 50% of TSMC’s initial 2nm capacity for 2026.
• Nvidia: GPUs (H200, Blackwell Ultra and Rubin), CPUs (Grace and Vera) and Networking (NVLink, Ethernet-X and BlueField).
• Broadcom: Custom AI ASICs for Google (TPU) and Meta