Taiwan Semiconductor Stock Falls After Q2 Earnings - How Did It Perform?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Company Ltd (TSM) reported a Q2 revenue decline of 13.7% YoY to $15.68 billion, beating consensus estimates. The company's gross margin contracted due to lower capacity utilization and higher electricity costs. TSMC, a supplier to Apple Inc (AAPL) and Nvidia Corp (NVDA), projected a 10% fall in sales in FY23. The company also postponed production at a planned facility in Arizona until 2025.
July 20, 2023 | 12:37 pm
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NEUTRAL IMPACT
Apple's supplier, TSMC, reported a Q2 revenue decline and projected a 10% fall in FY23 sales.
While TSMC's performance could indirectly impact Apple, the direct impact on Apple's stock is uncertain as it depends on various other factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Nvidia's supplier, TSMC, reported a Q2 revenue decline and projected a 10% fall in FY23 sales.
While TSMC's performance could indirectly impact Nvidia, the direct impact on Nvidia's stock is uncertain as it depends on various other factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
TSMC reported a Q2 revenue decline but beat estimates. The company projected a 10% fall in FY23 sales and postponed production at a planned facility in Arizona until 2025.
TSMC's Q2 revenue decline and projected fall in FY23 sales, along with the delay in production at the Arizona facility, could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100