July 18, 2025, Epoch Times – Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) released its financial report for the second quarter of 2025 on July 17th, showcasing record-breaking financial indicators attributed to the continuing surge in demand for artificial intelligence (AI) and high-performance computing (HPC).
During the afternoon of the 17th, TSMC held a corporate briefing to announce its operating results for the second quarter. The financial report reveals that the consolidated revenue for the second quarter of 2025 was approximately NT$933.799 billion, with a net income after tax of approximately NT$398.27 billion (about $13.53 billion USD), and earnings per share of NT$15.36 (equivalent to $2.47 USD per American depositary receipt).
Comparing with the same period last year, TSMC’s revenue for the second quarter of 2025 saw a significant increase of 38.6%, while net income and earnings per share both grew by 60.7%. Compared to the previous quarter, revenue for the second quarter of 2025 increased by 11.3%, with net income also rising by 10.2%.
In USD terms, the revenue for the second quarter of 2025 amounted to $30.07 billion, marking a 44.4% increase from the same period last year and a 17.8% increase from the previous quarter.
The profitability aspect showed exceptional performance, with a gross margin of 58.6%, an operating profit margin of 49.6%, and a net profit margin of 42.7%, showcasing the continuous enhancement of the company’s operational efficiency.
In terms of process technology structure, TSMC holds an absolute advantage in high-end processes. Shipments for the 3nm process accounted for 24% of wafer sales in the second quarter, while the 5nm process made up 36%, and the 7nm process contributed 14%. Combined, advanced processes (including 7nm and more advanced processes) accounted for 74% of total wafer sales for the quarter.
Based on strong market demand prospects, TSMC has significantly raised its full-year revenue growth target for 2025 to around 30%, far exceeding the previous expectation of “close to the mid-teens.” The revenue forecast for the third quarter is expected to be between $31.8 billion to $33 billion, aiming to once again set a new historical record.
Chairman of TSMC, Wei Zhejia, mentioned that the upward revision of the full-year revenue growth target is primarily due to the robust demand for the company’s leading 3nm and 5nm technologies in the industry, supported by the continuously growing high-performance computing platforms.
Regarding global capacity deployment, TSMC’s second 3nm technology wafer fab in the United States has completed construction and is accelerating progress towards mass production several quarters ahead of schedule. The third wafer fab has begun construction and will utilize 2nm technology and A16. Wei Zhejia disclosed that around 30% of TSMC’s 2nm and more advanced capacity will be deployed in Arizona upon project completion.
Chief Financial Officer of TSMC, Huang Renzhao, stated that as the company enters the third quarter, the strong demand for advanced process technology in the market will continue to support the company’s performance. Wei Zhejia also noted that despite potential impacts from tariff policies, a moderate recovery is expected in the overall non-AI terminal market sector in 2025, while AI-related demand will maintain strong growth momentum.
Benefiting from the impressive financial performance, TSMC’s American stocks rose more than 4% in pre-market trading, reaching $248, with a market value of around $1.23 trillion, placing it among the top ten highest-valued companies globally.