TSMC Reports Higher-Than-Expected Quarterly Earnings

TSMC reported second-quarter revenue of $40.20 billion, beating analyst estimates of $39.7 billion. Earnings per share reached $4.31, above the $3.77 consensus forecast. The results reflect stronger demand for advanced chips used in artificial intelligence applications and mobile devices.

Revenue growth was driven by increased orders from major technology customers. The company did not name specific clients in its earnings release. Profit margins remained stable compared with the prior quarter, according to the reported figures.

Shares of the company rose in after-hours trading following the release. Analysts noted the beat on both top-line and bottom-line metrics. The company provided no forward guidance beyond the reported quarter in the initial statement.