TSMC Q2 Revenue Rises 38.6% to $30.07B on Chip Demand

HSINCHU, Taiwan - Taiwan Semiconductor Manufacturing Co Ltd reported second-quarter revenue of $30.07 billion, an increase of 38.6% from $20.82 billion in the same period last year, the company said Thursday.

Net income attributable to shareholders reached NT$398.27 billion for the quarter ended June 30, compared with NT$247.85 billion in the second quarter of 2024, representing a 60.7% increase. Diluted earnings per share were NT$15.36, up from NT$9.56 in the prior-year period.

Consolidated revenue totaled NT$933.79 billion, an 11.3% increase from NT$839.25 billion in the first quarter of 2025. Gross margin was 58.6%, operating margin was 49.6%, and net profit margin was 42.7%.

The company's 3-nanometer process technology accounted for 24% of total wafer revenue, while 5-nanometer technology represented 36% and 7-nanometer processes contributed 14%. Advanced technologies, defined as 7-nanometer and more advanced processes, comprised 74% of total wafer revenue.

High-performance computing platforms generated 60% of net revenue. Smartphone applications accounted for 27%, the Internet of Things represented 5%, automotive contributed 5%, digital consumer electronics accounted for 1%, and other applications made up 2%.

Customers in North America accounted for 75% of total net revenue. China represented 9%, the Asia Pacific 9%, Japan 4%, and the Europe, Middle East, and Africa region 3%.

TSMC shipped 3,718 thousand pieces of 12-inch equivalent wafers during the quarter, compared with 3,125 thousand pieces in the second quarter of 2024 and 3,259 thousand pieces in the first quarter of 2025.

The company reported capital expenditures of $9.63 billion for the second quarter. Free cash flow was NT$199.85 billion. Cash and marketable securities totaled NT$2.63 trillion at the end of the quarter.

TSMC operates as a dedicated semiconductor foundry, manufacturing chips for external customers. The company served 522 customers and produced 11,878 products using 288 process technologies in 2024.

The average exchange rate for the quarter was NT$31.05 per U.S. dollar, compared with NT$32.88 in the first quarter and NT$32.35 in the second quarter of 2024.