Taiwan Semiconductor Expects 4Q Revenue Of $26.10B-$26.90B Vs $24.86B, Gross Margin Of 57%-59%, Operating Margin Of 46.5%-48.5%
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing Company (TSMC) forecasts its Q4 revenue to be between $26.10 billion and $26.90 billion, compared to $24.86 billion previously. The company also expects a gross margin of 57%-59% and an operating margin of 46.5%-48.5%.
October 17, 2024 | 6:49 am
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TSMC has provided a positive revenue forecast for Q4, expecting an increase from $24.86 billion to between $26.10 billion and $26.90 billion. The company also anticipates strong gross and operating margins.
TSMC's revenue forecast for Q4 shows a significant increase from the previous quarter, indicating strong business performance. The expected gross and operating margins are also robust, suggesting efficient cost management and profitability. This positive outlook is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100