Company news: Taiwan Semiconductor Manufacturing’s (TSM) quarterly results beat analysts’ estimates

Taiwan Semiconductor Manufacturing (TSM) reported Q1 FY2025 earnings of $2.12 per share (versus $1.38 per share in Q1 FY2024), beating analysts’ consensus estimate of $2.07 per share.

The company’s quarterly revenues amounted to $25.530 bln (+35.3% y/y), slightly beating analysts’ consensus estimate of $25.460 bln.

The company also issued upside revenue guidance for Q2 FY2025 of $28.4-29.2 bln versus analysts’ consensus estimate of $26.92 bln.

TSM rose to $156.28 (3.04%) in pre-market trading.