Taiwan Semiconductor Expects Q3 Revenue Of $22.4B-$23.2B Vs $22.66B Est, Gross Margin Of 53.5%-55.5%, Operating Margin Of 42.5%-44.5%
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing Company (TSM) has provided its Q3 revenue guidance, expecting between $22.4 billion and $23.2 billion, compared to the $22.66 billion estimate. The company also anticipates a gross margin of 53.5%-55.5% and an operating margin of 42.5%-44.5%.
July 18, 2024 | 6:49 am
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Taiwan Semiconductor Manufacturing Company (TSM) has provided its Q3 revenue guidance, expecting between $22.4 billion and $23.2 billion, compared to the $22.66 billion estimate. The company also anticipates a gross margin of 53.5%-55.5% and an operating margin of 42.5%-44.5%.
TSM's revenue guidance is in line with market expectations, and the projected margins are strong. This positive outlook is likely to boost investor confidence and support the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100