Taiwan Semiconductor Manufacturing Co Ltd

2330: XTAI (TWN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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TSMC Earnings: Cutting Our Fair Value Estimate by 6% as Tariffs Hit Non-AI Outlook

Phelix Lee

Apr 17, 2025

TSMC's first-quarter 2025 revenue was TWD 839 billion (USD 25.5 billion), down 3% sequentially. Gross margin dipped 21 basis points sequentially to 58.8%. The numbers were at the high end of management's guidance.

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Taiwan Semiconductor Manufacturing Co Ltd

TSMC Earnings: Cutting Our Fair Value Estimate by 6% as Tariffs Hit Non-AI Outlook

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