Taiwan Semiconductor Manufacturing Company Limited ($TSM) Q1 FY12/24 earnings review
And So It Begins - Tech Earnings Is Upon Us!
Summary
TSMC reported strong Q1 FY12/24 results with +13% revenue growth and increased guidance for Q2.
The company has a strong balance sheet with $34bn of net cash, but the stock cannot be considered cheap.
TSMC Q1 FY12/24. Let’s go.
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Simple, It Isn’t.
by Alex King
These are the real-world factors that lie beneath TSMC’s stock price.
Will China actually, or even with-gusto feint towards, invading Taiwan?
Will advanced semiconductor volume hold up across the board or only from Nvidia?
Will Intel’s foray into merchant fabrication make any near-term headway into TSM’s more-or-less monopoly in small feature size?
Then you have all the, you know, revenue and earnings and cashflow and stuff.
The company just reported its Q1 of FY12/24. We run through the numbers, valuation and stock price outlook below, for our paying Market Insight and Inner Circle subscribers.
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