Taiwan Semiconductor Expects Q3 Revenue Of $16.7B - $17.5B Vs Est $17.68B, Gross Margin 51.5% - 53.5%, Operating Margin 38% - 40%
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor (TSM) has projected its Q3 2023 revenue to be between $16.7B and $17.5B, which is slightly below the estimated $17.68B. The company also expects its gross margin to be between 51.5% and 53.5%, and operating margin to be between 38% and 40%.
July 20, 2023 | 7:22 am
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TSM's projected Q3 2023 revenue is slightly below the estimated $17.68B, which may negatively impact the stock price in the short term.
TSM's projected revenue for Q3 2023 is slightly below the estimated $17.68B. This lower than expected revenue projection may lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100