)
Edge11 Oct 2024
Texas Instruments: From Calculators to Master Capital Allocators
Texas Instruments has undergone many transformations from its origins in oil exploration to become one of the world's largest semiconductor producers.
Taiwan Semiconductor (TSM) investor relations material
Taiwan Semiconductor Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary17 Jul, 2025
Executive summary
Second quarter revenue reached US$30.1 billion (NT$933.79 billion), up 17.8% sequentially and 44.4% year-over-year, driven by strong AI and HPC demand and advanced process technologies.
Net income was NT$398.27 billion, a 60.7% increase year-over-year and 10.2% higher than 1Q25; EPS rose to NT$15.36.
Gross margin was 58.6%, operating margin 49.6%, and net profit margin 42.7%.
Advanced technologies (7nm and below) contributed 74% of wafer revenue.
Shipments totaled 3,718K 12"-equivalent wafers, up 14.1% sequentially and 19.0% year-over-year.
Financial highlights
EPS for 2Q25 was NT$15.36, up from NT$13.94 in 1Q25 and NT$9.56 in 2Q24.
ROE reached 34.8%, up 2.1 percentage points from 1Q25 and 8.1 points year-over-year.
Free cash flow for 2Q25 was NT$199.85 billion, down from NT$294.74 billion in 1Q25 due to higher tax payments.
Cash and marketable securities at quarter-end were NT$2.6 trillion (US$90 billion).
Capital expenditures totaled US$9.63 billion in 2Q25.
Outlook and guidance
Q3 2025 revenue expected between US$31.8–33.0 billion, up 8% sequentially and 38% year-over-year at midpoint.
Gross margin guidance for Q3 is 55.5–57.5%; operating margin at 45.5–47.5%.
2025 capital budget maintained at US$38–42 billion.
Full-year 2025 revenue projected to grow 30% in USD, driven by AI and HPC demand.
Continued strong demand anticipated for leading-edge process technologies.
Explain the impact of overseas fabs on gross margin.
Assess the sustainability of non-operating gains.
How does A14 process impact TSMC's competitive edge?
How will overseas fabs impact gross margin?
How does AI impact TSMC's cost structure?
What is the outlook for N5 and N3 demand?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Taiwan Semiconductor earnings date
Q3 202516 Oct, 2025
Next Taiwan Semiconductor earnings date
Q3 202516 Oct, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge27 Sep 2024
ASML: Architecting Earth's Most Complex Machines
Discover how ASML, once seen as a struggling "problem child", grew into a global niche monopoly within advanced chip manufacturing equipment.
)
Company Research25 Sep 2024
The Suppliers Behind the Apple Pencil Pro
Explore how key suppliers like TSMC, Bosch, and Texas Instruments drive the innovation behind the Apple Pencil Pro.
Frequently asked questions
TSMC - The Asian Chip Juggernaut
TSMC, or Taiwan Semiconductor Manufacturing Company Limited, not only have one of the longest corporate names in history but is also currently the largest semiconductor manufacturer in the world. As the name implies, TSMC was established in Taiwan back in 1987 and is today by far the largest Asian company with its 450 billion dollar market cap.
No end-customer relations or own products
The key success factor of TSMC is said to be their decision to become a pure-play foundry business, meaning no end-customer relations or own products. By choosing not to market any semiconductor products under its own name, TSMC can ensure that their incentives are well-aligned with their customers.
Prominent companies as customers
It is said that Apple accounts for roughly one-fifth of TSMC's revenue, and other customers on the list are Advanced Micro Devices, Broadcom, NVIDIA, and Qualcomm.
Further reading: Understanding the Semiconductor Value Chain: Key Players & Dynamics
TSMC produced more than 12,000 different products for its customers in 2021 and reached revenues of 57 billion dollars, up 20 percent year-over-year. In fact, they astonshingly did more EBITDA in 2021 than revenue in 2019.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage