TSMC Q4 2024 Earnings Preview: Revenue beat estimates

TSMC recently released its December monthly revenue, which grew by a robust 57.8% YoY and 0.8% MoM to NT$278.16 billion. The fourth quarter revenue grew 38.8% YoY to NT$868.5 billion, beating the LSEG estimates of NT$854.7 billion. In US dollar terms, Q4 revenue grew 36.9% YoY to $26.85 billion using the average exchange rate of $1=NT$32.34. We will get the official USD figures when the company releases its full results on January 16th. This suggests that the company’s revenue will come at the high-end guidance of $26.1 billion to $26.9 billion and beat the mid-point guide of $26.5 billion.

Members receive institutional-grade context on positioning, risk, and catalysts — not just headlines.

Our research team publishes deep dives on sector themes, earnings setups, and portfolio actions as conditions change.