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Dec 31, 2025
TSMC Q4 2025 Earnings Report
TSMC posted strong fourth-quarter results with growth in both revenue and earnings.
Key Takeaways
TSMC delivered solid Q4 performance, driven by strong demand for 3nm and 5nm technologies, with revenues and net income growing sequentially and year-over-year.
Revenue by Segment
Forward Guidance
TSMC expects continued strong demand for leading-edge nodes to support growth into Q1 2026.
Positive Outlook
- Q1 2026 revenue guidance between US$34.6B and US$35.8B
- Gross margin expected to be between 63% and 65%
- Operating margin expected between 54% and 56%
- Strong continued demand for advanced nodes
- CapEx for 2026 expected between US$52B and US$56B
Challenges Ahead
- No specific geographic or segment risks mentioned
- High CapEx could pressure free cash flow
- Ongoing need to manage capacity amid demand cycles
- Macroeconomic uncertainties could impact orders
- Exchange rate fluctuations remain a risk
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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