Report
Abhinav Davuluri
EUR 100.00 For Business Accounts Only

TSMC's Forward 1Q Guidance Echoes Weakness Articulated by Key Customers Apple and Nvidia

Taiwan Semiconductor Manufacturing reported third-quarter results consistent with expectations, thanks to 7-nanometer sales related to Apple’s latest iPhones. However, weaker cryptocurrency demand served as an offset, leading to year-over-year top-line growth of only 3.3%. Management reiterated its long-term revenue growth forecast range of 5% to 10%. However, we anticipate the firm will achieve growth closer to the low end of this range, primarily due to a deceleration in smartphone unit growth...
Underlying
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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Analysts
Abhinav Davuluri

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