TSMC fourth-quarter revenue jumps 20%, beats forecasts - Reuters

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Why it matters

TSMC reported record Q4 2025 revenue of NT$1,046 billion (approximately US$33-34 billion), up 20% year-over-year and 6% quarter-over-quarter, beating analyst forecasts. December 2025 revenue hit NT$335 billion, a 20.4% YoY increase despite a 2.5% monthly drop.[1][3][5] Full-year 2025 revenue reached NT$3,809 billion, up 31.6% from 2024.[3][5]

Key players include TSMC (Taiwan Semiconductor Manufacturing Company, NYSE:TSM), major clients like NVIDIA (NVDA) for AI servers such as GB300 NVL72, Apple for iPhone/Mac AI processors, and suppliers like Foxconn, Wistron, and Quanta. These ODMs saw record December revenues from AI cabinet ramp-up.[1][4]

Strong demand for advanced AI chips drove growth, offsetting weaker consumer electronics after the COVID upgrade cycle; Q3 2025 USD revenue outpaced NTD due to exchange rates. Revenue follows prior records (e.g., Q4 2023 at $20.13B, Q4 2024 at $27.6B) and builds on AI/server momentum.[1][2][4] Full earnings and 2026 guidance are set for January 15, 2026.[2][4]

Newsworthy amid AI bubble concerns and sector style rotation, as TSMC's beat signals sustained AI demand, boosts analyst price targets, and highlights financial strength (e.g., 49.48% operating margin, low debt). Released January 9, 2026, it counters recent supply chain stock weakness.[1][3][6]

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