Filing Flows › Technology › Taiwan Semiconductor Manufacturing (TSM)
Taiwan Semiconductor Manufacturing (TSM) earnings and revenue breakdown
Latest: FY2024 · 20-F filed Apr 17, 2025 · Taiwan Semiconductor Manufacturing (TSM) FY2024 earnings results →
FY2024 Revenue up 34% year over year to $2.89T · 40¢ of every $1 of revenue kept as net profit · operating margin 45.7%
Taiwan Semiconductor Manufacturing made $2.89T in FY2024 (+34% Y/Y). Operating margin 45.7%, net earnings $1.16T. See where every dollar goes — costs, profit and cash — as a Sankey from the 20-F filed Apr 17, 2025.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was NT$2.89T in FY2024, up 34% year over year.
Gross margin was 56.1%, up 1.8 points from FY2023. Operating profit was NT$1.32T, a 45.7% margin (up 3.1 points year over year). Of the extra revenue versus FY2023, 55% reached operating profit, above the 43% margin then. Operating expenses grew 19% against revenue growth of 34%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were NT$1.16T, up 36% year over year. The effective tax rate was 17.7%.
Operating cash flow was NT$1.83T (up 47% year over year), 158% of net earnings. Non-cash charges added back NT$1.2B of share-based compensation. Working capital and other items added NT$667.4B. Capital expenditures of NT$0.96T left free cash flow of NT$870.2B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| FY2024 | 20-F | Apr 17, 2025 | $2.89T | +34% | 45.7% | $1.16T | $1.83T |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Sells to
- MBLY · Stated in 10-K (named, share not stated) · source
- BFLY · Stated in 10-K (named, share not stated) · source
- MXL · Stated in 10-K (named, share not stated) · source
- INTC · Stated in 10-K (named, share not stated) · source
- NVTS · Stated in 10-K (named, share not stated) · source
- AMD · Stated in 10-K (named, share not stated) · source
- PRSO · Stated in 10-K (named, share not stated) · source
- AVGO · Stated in 10-K (named, share not stated) · source
- QUIK · Stated in 10-K (named, share not stated) · source
- CRDO · Stated in 10-K (named, share not stated) · source
- ALAB · Stated in 10-K (named, share not stated) · source
- INDI · Stated in 10-K (named, share not stated) · source
Buys from
- ONTO — 20% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- FORM — 10% of the supplier’s revenue · Stated in 10-K (customer table) · source
- Q — 8% of the supplier’s revenue · Stated in 10-K (sentence) · source
Taiwan Semiconductor Manufacturing against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +34% against the peers' median +40%. Operating margin: 45.7% against the peers' median 45.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing | FY2024 | $88.3B | +34% | 45.7% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: Taiwan Semiconductor Manufacturing 20-F on SEC EDGAR · CIK 1046179 · Semiconductors & Related Devices
13F: who owns TSM and who is buying
More on TSM
History
Every quarter: FY2024 results