Q: What is Taiwan Semiconductor Manufacturing 2024/Q3 Earnings Preview?
TigerGPT Answer: ### Taiwan Semiconductor Manufacturing (TSM) Earnings Call Summary
#### Forecast Data
- **Earnings Per Share (EPS):** $1.80 (Q3 2024)
- **Prior Year EPS:** $1.29 (Q3 2023)
- **Percentage Change:** +39.53%
- **Total Revenue:** $23,075,055,880 (Q3 2024)
- **Prior Year Revenue:** $17,278,000,000 (Q3 2023)
- **Percentage Change:** +33.54%
- **EBIT:** $10,093,608,650 (Q3 2024)
- **Prior Year EBIT:** $7,207,000,000 (Q3 2023)
- **Percentage Change:** +40.02%
**Significance:** The significant increases in EPS, total revenue, and EBIT indicate strong financial performance and growth compared to the same period last year. This suggests robust operational efficiency and market demand.
#### Quarterly Important News
1. **Revenue Growth:**
- **Summary:** TSMC reported a 39.6% YoY increase in September 2024 revenue, totaling NT$251.87 billion.
- **Impact:** Positive, reflecting strong market demand and operational efficiency.
2. **Global Expansion:**
- **Summary:** Satellite images reveal TSMC's rapid expansion in Taiwan, reinforcing its dominant position in the semiconductor industry.
- **Impact:** Positive, indicating strategic growth and capacity expansion.
3. **AI Demand:**
- **Summary:** TSMC's sales surged in September due to strong AI demand.
- **Impact:** Positive, highlighting the company's pivotal role in the AI supply chain.
4. **Partnerships:**
- **Summary:** AMD continues to collaborate with TSMC for advanced chip manufacturing.
- **Impact:** Positive, ensuring steady business from key clients.
#### Forecast Viewpoints
- **Taiwan Semiconductor: Buy Before Earnings (Rating Upgrade):** Taiwan Semiconductor: Buy Before Earnings (Rating Upgrade)
- **TSMC Revenue Announcement:** Taiwan Semiconductor Manufacturing Company Earlier Announced Its Net Revenue For September 2024
- **Strong AI Demand:** Taiwan Semiconductor (TSM) Sales Jumped in September on Strong AI Demand
#### Stock Trend Analysis
- **Latest Price:** $190.81 (2024-10-14)
- **Support Level:** $170.87 (2024-10-11)
- **Resistance Level:** $190.87 (2024-10-11)
- **Quarterly Stock Price Fluctuation:** +2.39% (2024-06-30 to 2024-09-28)
**Analysis:** The stock price has shown a modest increase over the past quarter. The current price is near the resistance level, indicating potential for a breakout if positive earnings are reported.
#### Options Large Order Analysis
- **Call Options:**
- **TSM 20250117 200.0 call:** 2250 units sold, 2000 units sold
- **TSM 20241115 190.0 call:** 1250 units bought
- **Put Options:**
- **TSM 20241115 190.0 put:** 1250 units sold
- **TSM 20241018 185.0 put:** 1045 units sold
**Analysis:** The presence of significant call option buys and put option sells suggests a bullish sentiment, indicating a higher probability of the financial report exceeding expectations.
#### Analyst Ratings and Target Price Forecast
- **Analyst Recommendations:** 8 recommend, 8 buy, 1 hold
- **Target Price:** Mean: $206.54, Low: $119.37, High: $265.00
**Valuation Status:** The stock is currently considered to be at a standard valuation with potential for growth, as indicated by the mean target price being above the current price.
### Comprehensive Conclusion
Taiwan Semiconductor Manufacturing (TSM) is showing strong financial performance with significant growth in EPS, revenue, and EBIT. Positive news regarding revenue growth, global expansion, and strong AI demand further supports the company's robust outlook. The stock price is near its resistance level, and options market activity suggests bullish sentiment. Analyst ratings and target prices indicate potential for further appreciation.
**Disclaimer:** The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
