TSMC has reported revenue of almost NT$760 billion for the third quarter ending September 30, 2024. Year-over-year, third-quarter revenue increased by 39.0%, while net income and diluted EPS both increased by 54.2%.
Compared to the second quarter of 2024, third-quarter results represented a 12.8% increase in revenue and a 31.2% increase in net income.
In US dollars, third-quarter revenue was $23.50 billion, which increased 36.0% year-over-year and increased 12.9% from the previous quarter.
The gross margin for the quarter was 57.8%, the operating margin was 47.5%, and the net profit margin was 42.8%.
In the third quarter, shipments of 3-nanometer accounted for 20% of total wafer revenue; 5-nanometer accounted for 32%; 7-nanometer accounted for 17%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 69% of total wafer revenue.
Wendell Huang, Senior VP and Chief Financial Officer of TSMC, stated: “Our business in the third quarter was supported by strong smartphone and AI-related demand for our industry-leading 3nm and 5nm technologies. Moving into fourth quarter 2024, we expect our business to continue to be supported by strong demand for our leading-edge process technologies.”
