Symbols / TSM Stock $396.06 +0.57% Taiwan Semiconductor Manufacturing Company Limited

Technology • Semiconductors • Taiwan • NYQ
TSM (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Semiconductors
CEO Dr. C. C. Wei Ph.D.
Exch · Country NYQ · Taiwan
Market Cap 2.05T
Enterprise Value 7.89T
Income 1.91T
Sales 4.10T
FCF (ttm) 721.56B
Book/sh 6.54
Cash/sh 130.48
Employees 76,907
Insider 10d —
IPO Oct 09, 1997
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 27.93%
P/E 33.85
Forward P/E 20.53
PEG 1.22
P/S 0.50
P/B 60.58
P/C —
EV/EBITDA 2.76
EV/Sales 1.92
Quick Ratio 2.19
Current Ratio 2.49
Debt/Eq 17.13
LT Debt/Eq —
EPS (ttm) 11.70
EPS next Y 19.29
EPS Growth 58.40%
Revenue Growth 35.10%
EPS Gr Q/Q 58.30%
Rev Gr Q/Q —
Earnings (next) 2026-07-16
Earnings (prior) 2026-04-15
ROA 17.32%
ROE 36.21%
ROIC —
Gross Margin 61.87%
Oper. Margin 58.10%
Profit Margin 46.51%
Shs Outstand 5.19B
Shs Float 24.18B
Insider Own 0.05%
Instit Own 15.69%
Short Float 0.53%
Short Ratio 2.00
Short Interest 25.64M
52W High 414.50
vs 52W High -4.45%
52W Low 170.59
vs 52W Low 132.17%
Beta 1.25
Impl. Vol. 33.41%
Rel Volume 0.93
Avg Volume 13.63M
Volume 12.69M
Target (mean) $463.45
Tgt Median $472.50
Tgt Low $351.00
Tgt High $600.00
# Analysts 18
Recom Strong_buy
Prev Close $393.83
Price $396.06
Change 0.57%
About

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also involved in providing customer and engineering support services; manufacturing of masks; investment in technology start-up companies; research, designing, developing, manufacturing, packaging, testing, and sale of color filters; and investment activities. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$463.45
Mean price target
2. Current target
$396.06
Latest analyst target
3. DCF / Fair value
$2504.26
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$396.06
Low
$351.00
High
$600.00
Mean
$463.45

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 main Barclays Overweight → Overweight $470
2026-04-17 main DA Davidson Buy → Buy $450
2026-04-16 main Needham Buy → Buy $480
2026-04-07 main Freedom Broker Buy → Buy $210
2026-02-13 init DA Davidson — → Buy $450
2026-01-16 main Barclays Overweight → Overweight $450
2026-01-16 main TD Cowen Hold → Hold $370
2026-01-15 main Needham Buy → Buy $410
2025-12-08 main Bernstein Outperform → Outperform $330
2025-10-27 reit Needham Buy → Buy $360
2025-10-17 main Barclays Overweight → Overweight $355
2025-10-16 main Needham Buy → Buy $360
2025-10-10 main Susquehanna Positive → Positive $400
2025-10-09 main Barclays Overweight → Overweight $330
2025-09-16 main Barclays Overweight → Overweight $325
2025-07-17 reit Needham Buy → Buy $270
2025-07-14 main Susquehanna Positive → Positive $265
2025-07-01 main Needham Buy → Buy $270
2025-06-17 main Susquehanna Positive → Positive $255
2025-06-03 main Barclays Overweight → Overweight $240
News
RSS: Latest TSM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-28 TIEN BOR-ZEN Officer — 20 $386.00 $7,760
2026-03-31 BURNS URSULA M Director — 1,000 $322.05 $322,050
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,809,054.30
+31.61%
2,894,307.70
+33.89%
2,161,735.80
-4.51%
2,263,891.30
Operating Revenue
3,809,054.30
+31.61%
2,894,307.70
+33.89%
2,161,735.80
-4.51%
2,263,891.30
Cost Of Revenue
1,527,760.30
+20.30%
1,269,954.10
+28.72%
986,625.20
+7.76%
915,536.50
Reconciled Cost Of Revenue
1,527,760.30
+20.30%
1,269,954.10
+28.72%
986,625.20
+7.76%
915,536.50
Gross Profit
2,281,294.00
+40.44%
1,624,353.60
+38.23%
1,175,110.60
-12.85%
1,348,354.80
Operating Expense
345,198.40
+14.17%
302,350.50
+19.19%
253,680.70
+11.69%
227,128.30
Research And Development
246,427.20
+20.69%
204,181.80
+11.96%
182,370.20
+11.70%
163,262.20
Selling General And Administration
99,222.40
+2.41%
96,888.60
+35.58%
71,463.50
+12.64%
63,445.30
Selling And Marketing Expense
16,918.10
+28.72%
13,143.60
+24.11%
10,590.70
+6.76%
9,920.50
General And Administrative Expense
82,304.30
-1.72%
83,745.00
+37.57%
60,872.80
+13.73%
53,524.80
Other Gand A
82,304.30
-1.72%
83,745.00
+37.57%
60,872.80
+13.73%
53,524.80
Other Operating Expenses
-451.20
-135.25%
1,280.10
+936.67%
-153.00
-136.36%
420.80
Total Expenses
1,872,958.70
+19.12%
1,572,304.60
+26.77%
1,240,305.90
+8.55%
1,142,664.80
Operating Income
1,936,095.60
+46.45%
1,322,003.10
+43.47%
921,429.90
-17.82%
1,121,226.50
Total Operating Income As Reported
1,936,091.70
+46.45%
1,322,053.00
+43.47%
921,465.60
-17.82%
1,121,278.90
EBITDA
2,742,121.50
+31.89%
2,079,132.00
+36.47%
1,523,506.80
-4.37%
1,593,076.50
Normalized EBITDA
2,736,741.50
+31.70%
2,078,011.90
+36.70%
1,520,127.30
-4.37%
1,589,603.30
Reconciled Depreciation
688,096.40
+3.82%
662,796.60
+24.54%
532,190.90
+21.71%
437,254.30
EBIT
2,054,025.10
+45.02%
1,416,335.40
+42.87%
991,315.90
-14.23%
1,155,822.20
Total Unusual Items
5,380.00
+380.31%
1,120.10
-66.86%
3,379.50
-2.70%
3,473.20
Total Unusual Items Excluding Goodwill
5,380.00
+380.31%
1,120.10
-66.86%
3,379.50
-2.70%
3,473.20
Special Income Charges
-168.00
-2466.20%
7.10
-54.78%
15.70
0.00
Write Off
—
—
9.50
+955.56%
0.90
Net Income
1,697,604.00
+46.55%
1,158,380.20
+36.00%
851,740.00
-14.22%
992,923.40
Pretax Income
2,041,654.70
+45.23%
1,405,840.00
+43.55%
979,316.50
-14.40%
1,144,072.20
Net Non Operating Interest Income Expense
93,368.70
+21.70%
76,718.00
+58.85%
48,294.50
+352.53%
10,672.20
Net Interest Income
93,368.70
+21.70%
76,718.00
+58.85%
48,294.50
+352.53%
10,672.20
Interest Expense
12,370.40
+17.86%
10,495.40
-12.53%
11,999.40
+2.12%
11,750.00
Interest Income Non Operating
105,739.10
+21.24%
87,213.40
+44.65%
60,293.90
+168.90%
22,422.20
Interest Income
105,739.10
+21.24%
87,213.40
+44.65%
60,293.90
+168.90%
22,422.20
Other Income Expense
12,190.40
+71.24%
7,118.90
-25.78%
9,592.10
-21.21%
12,173.50
Other Non Operating Income Expenses
1,321.90
+18.23%
1,118.10
-20.84%
1,412.40
+38.40%
1,020.50
Gain On Sale Of Security
5,548.00
+398.47%
1,113.00
-66.91%
3,363.80
-3.15%
3,473.20
Gain On Sale Of Business
-168.00
-2466.20%
7.10
-54.78%
15.70
0.00
Tax Provision
346,529.80
+39.55%
248,316.10
+93.56%
128,288.80
-14.92%
150,777.50
Tax Rate For Calcs
0.00
-3.91%
0.00
+34.84%
0.00
-0.60%
0.00
Tax Effect Of Unusual Items
913.15
+361.55%
197.85
-55.31%
442.71
-3.28%
457.73
Net Income Including Noncontrolling Interests
1,695,124.90
+46.44%
1,157,523.90
+36.01%
851,027.70
-14.32%
993,294.70
Net Income From Continuing Operation Net Minority Interest
1,697,604.00
+46.55%
1,158,380.20
+36.00%
851,740.00
-14.22%
992,923.40
Net Income From Continuing And Discontinued Operation
1,697,604.00
+46.55%
1,158,380.20
+36.00%
851,740.00
-14.22%
992,923.40
Net Income Continuous Operations
1,695,124.90
+46.44%
1,157,523.90
+36.01%
851,027.70
-14.32%
993,294.70
Minority Interests
2,479.10
+189.51%
856.30
+20.22%
712.30
+291.84%
-371.30
Normalized Income
1,693,137.15
+46.28%
1,157,457.95
+36.36%
848,803.21
-14.25%
989,907.93
Net Income Common Stockholders
1,697,604.00
+46.55%
1,158,380.20
+36.00%
851,740.00
-14.22%
992,923.40
Diluted EPS
327.35
+46.56%
223.35
+38.13%
161.70
-17.50%
196.00
Basic EPS
327.35
+46.53%
223.40
+38.16%
161.70
-17.50%
196.00
Basic Average Shares
5,185.66
+0.00%
5,185.52
-0.01%
5,185.84
+0.00%
5,185.84
Diluted Average Shares
5,186.12
+0.00%
5,185.94
+0.00%
5,185.85
+0.00%
5,185.84
Diluted NI Availto Com Stockholders
1,697,604.00
+46.55%
1,158,380.20
+36.00%
851,740.00
-14.22%
992,923.40
Earnings From Equity Interest
5,488.50
+12.45%
4,880.70
+1.68%
4,800.20
-37.50%
7,679.80
Total Other Finance Cost
—
-76,718.00
-58.86%
-48,294.00
—
Line Item Trend 2023-12-31
Total Assets
5,532,196.60
Current Assets
2,194,032.90
Cash Cash Equivalents And Short Term Investments
1,714,803.20
Cash And Cash Equivalents
1,465,427.80
Cash Equivalents
12,326.20
Cash Financial
1,453,101.60
Other Short Term Investments
249,375.40
Receivables
202,010.20
Accounts Receivable
201,313.91
Gross Accounts Receivable
201,845.47
Allowance For Doubtful Accounts Receivable
-531.55
Inventory
250,997.10
Raw Materials
59,987.60
Work In Process
156,498.50
Finished Goods
34,511.00
Hedging Assets Current
0.00
Other Current Assets
26,222.40
Total Non Current Assets
3,338,163.70
Net PPE
3,104,899.70
Gross PPE
7,259,020.90
Accumulated Depreciation
-4,154,121.20
Properties
0.00
Land And Improvements
45,059.10
Buildings And Improvements
820,769.00
Machinery Furniture Equipment
5,484,852.30
Construction In Progress
908,289.80
Other Properties
50.70
Goodwill And Other Intangible Assets
22,766.70
Goodwill
5,796.40
Other Intangible Assets
16,970.30
Investments And Advances
129,267.60
Long Term Equity Investment
29,442.00
Non Current Deferred Assets
64,175.80
Non Current Deferred Taxes Assets
64,175.80
Non Current Prepaid Assets
7,044.50
Other Non Current Assets
10,009.40
Total Liabilities Net Minority Interest
2,078,330.10
Current Liabilities
942,805.10
Payables And Accrued Expenses
855,339.30
Payables
558,671.40
Accounts Payable
227,211.40
Other Payable
33,200.60
Dividends Payable
168,558.50
Current Accrued Expenses
296,667.90
Employee Benefits
9,257.20
Pensionand Other Post Retirement Benefit Plans Current
50,716.90
Total Tax Payable
128,134.60
Income Tax Payable
128,134.60
Current Debt And Capital Lease Obligation
9,293.30
Current Debt
9,293.30
Other Current Borrowings
9,293.30
Other Current Liabilities
27,455.60
Total Non Current Liabilities Net Minority Interest
1,135,525.00
Long Term Debt And Capital Lease Obligation
946,964.60
Long Term Debt
918,282.80
Long Term Capital Lease Obligation
28,681.80
Non Current Pension And Other Postretirement Benefit Plans
9,257.20
Non Current Deferred Liabilities
53.80
Non Current Deferred Taxes Liabilities
53.80
Other Non Current Liabilities
179,249.40
Stockholders Equity
3,429,522.40
Common Stock Equity
3,429,522.40
Capital Stock
259,320.70
Common Stock
259,320.70
Share Issued
25,932.07
Ordinary Shares Number
25,932.07
Treasury Shares Number
0.00
Additional Paid In Capital
69,876.40
Retained Earnings
3,128,639.60
Gains Losses Not Affecting Retained Earnings
-28,020.82
Treasury Stock
0.00
Minority Interest
24,344.10
Other Equity Adjustments
1,395.88
Total Equity Gross Minority Interest
3,453,866.50
Total Capitalization
4,347,805.20
Working Capital
1,251,227.80
Invested Capital
4,357,098.50
Total Debt
956,257.90
Capital Lease Obligations
28,681.80
Net Tangible Assets
3,406,755.70
Tangible Book Value
3,406,755.70
Available For Sale Securities
86,408.10
Duefrom Related Parties Current
696.30
Dueto Related Parties Current
1,566.30
Financial Assets Designatedas Fair Value Through Profitor Loss Total
13,417.50
Foreign Currency Translation Adjustments
-25,316.77
Held To Maturity Securities
79,199.40
Investmentin Financial Assets
99,825.60
Investmentsin Associatesat Cost
29,442.00
Notes Receivable
201,313.90
Other Equity Interest
-28,314.30
Unrealized Gain Loss
-4,099.93
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
2,274,975.60
+24.58%
1,826,177.10
+47.04%
1,241,967.30
-22.89%
1,610,599.20
Cash Flow From Continuing Operating Activities
2,274,975.60
+24.58%
1,826,177.10
+47.04%
1,241,967.30
-22.89%
1,610,599.20
Net Income From Continuing Operations
2,041,654.70
+45.23%
1,405,840.00
+43.55%
979,316.50
-14.40%
1,144,072.20
Depreciation Amortization Depletion
688,096.40
+3.82%
662,796.60
+24.54%
532,190.90
+21.71%
437,254.30
Depreciation
679,684.00
+3.99%
653,610.50
+24.99%
522,932.70
+22.04%
428,498.20
Amortization Cash Flow
8,412.40
-8.42%
9,186.10
-0.78%
9,258.20
+5.73%
8,756.10
Depreciation And Amortization
688,096.40
+3.82%
662,796.60
+24.54%
532,190.90
+21.71%
437,254.30
Amortization Of Intangibles
8,412.40
-8.42%
9,186.10
-0.78%
9,258.20
+5.73%
8,756.10
Other Non Cash Items
-92,319.50
-19.66%
-77,153.70
-58.65%
-48,632.50
-361.70%
-10,533.40
Stock Based Compensation
1,246.10
+0.27%
1,242.70
+157.29%
483.00
+59.72%
302.40
Asset Impairment Charge
778.10
-35.18%
1,200.40
+3262.46%
35.70
-95.77%
843.10
Operating Gains Losses
-170.70
-106.72%
2,540.30
+154.06%
-4,699.20
-273.19%
2,713.30
Gain Loss On Investment Securities
-744.60
-393.27%
253.90
+9865.38%
-2.60
-101.81%
143.30
Net Foreign Currency Exchange Gain Loss
4,308.90
-5.84%
4,576.30
+1955.01%
-246.70
-102.39%
10,342.70
Gain Loss On Sale Of PPE
1,585.50
-38.97%
2,597.90
+609.61%
366.10
+494.08%
-92.90
Change In Working Capital
-96,752.00
-824.69%
13,350.90
+123.48%
-56,852.00
-146.41%
122,508.50
Change In Receivables
-9,971.20
+85.77%
-70,077.80
-338.37%
29,398.60
+188.96%
-33,046.10
Changes In Account Receivables
—
—
—
-32,169.90
Change In Inventory
-240.70
+99.35%
-36,871.70
-23.53%
-29,847.90
-6.42%
-28,046.80
Change In Payables And Accrued Expense
-44,206.30
-135.08%
125,998.10
+317.38%
-57,962.50
-162.84%
92,235.60
Change In Accrued Expense
-70,731.40
-174.60%
94,813.70
+270.84%
-55,498.30
-177.29%
71,802.70
Change In Payable
26,525.10
-14.94%
31,184.40
+1365.50%
-2,464.20
-112.06%
20,432.90
Change In Account Payable
9,751.00
-42.89%
17,073.80
+1915.80%
847.00
-88.85%
7,594.10
Change In Other Working Capital
6,174.60
+995.39%
-689.60
-73.44%
-397.60
+89.79%
-3,893.20
Change In Other Current Assets
-48,893.50
-124.52%
-21,776.80
-91.49%
-11,372.50
-85.48%
-6,131.50
Change In Other Current Liabilities
385.10
-97.70%
16,768.70
+25.80%
13,329.90
-86.85%
101,390.50
Investing Cash Flow
-1,144,393.40
-32.32%
-864,842.80
+4.56%
-906,120.60
+23.91%
-1,190,928.30
Cash Flow From Continuing Investing Activities
-1,144,393.40
-32.32%
-864,842.80
+4.56%
-906,120.60
+23.91%
-1,190,928.30
Net PPE Purchase And Sale
-1,271,653.30
-33.13%
-955,211.30
-0.64%
-949,176.10
+12.25%
-1,081,688.80
Purchase Of PPE
-1,272,450.30
-33.09%
-956,105.90
-0.66%
-949,880.00
+12.27%
-1,082,672.10
Sale Of PPE
797.00
-10.91%
894.60
+27.09%
703.90
-28.41%
983.30
Capital Expenditure
-1,282,597.20
-32.91%
-964,981.60
-1.00%
-955,398.40
+12.32%
-1,089,626.40
Net Investment Purchase And Sale
-42,782.20
+20.98%
-54,143.10
+2.94%
-55,781.40
+56.70%
-128,837.70
Purchase Of Investment
-261,706.60
-8.76%
-240,622.70
-6.34%
-226,282.00
+4.85%
-237,818.10
Sale Of Investment
218,924.40
+17.40%
186,479.60
+9.37%
170,500.60
+56.45%
108,980.40
Net Business Purchase And Sale
0.00
+100.00%
-3,738.80
0.00
0.00
Purchase Of Business
0.00
+100.00%
-3,738.80
0.00
0.00
Gain Loss On Sale Of Business
168.00
+2466.20%
-7.10
+55.06%
-15.80
0.00
Net Intangibles Purchase And Sale
-10,146.90
-15.06%
-8,818.50
-59.89%
-5,515.30
+20.55%
-6,941.70
Purchase Of Intangibles
-10,146.90
-14.32%
-8,875.70
-60.84%
-5,518.40
+20.65%
-6,954.30
Net Other Investing Changes
77,294.70
+0.22%
77,127.80
+71.61%
44,943.40
+726.21%
5,439.70
Financing Cash Flow
-440,344.60
-27.16%
-346,301.00
-69.01%
-204,894.20
-2.32%
-200,244.00
Cash Flow From Continuing Financing Activities
-440,344.60
-27.16%
-346,301.00
-69.01%
-204,894.20
-2.32%
-200,244.00
Net Issuance Payments Of Debt
37,377.00
+40.88%
26,531.10
-71.58%
93,347.40
+13.83%
82,008.60
Issuance Of Debt
97,558.40
+49.64%
65,197.00
-26.04%
88,150.00
-56.14%
200,963.60
Repayment Of Debt
-60,516.50
-397.29%
-12,169.30
+46.42%
-22,711.20
+80.91%
-118,955.00
Long Term Debt Issuance
97,558.40
+49.64%
65,197.00
-26.04%
88,150.00
-56.14%
200,963.60
Long Term Debt Payments
-60,516.50
-397.29%
-12,169.30
+46.42%
-22,711.20
-224.68%
-6,995.00
Net Long Term Debt Issuance
37,041.90
-30.15%
53,027.70
-18.97%
65,438.80
-66.26%
193,968.60
Short Term Debt Issuance
—
—
27,908.60
0.00
Short Term Debt Payments
—
-26,496.60
0.00
+100.00%
-111,960.00
Net Short Term Debt Issuance
335.10
+101.26%
-26,496.60
-194.94%
27,908.60
+124.93%
-111,960.00
Net Common Stock Issuance
0.00
+100.00%
-3,089.20
0.00
+100.00%
-871.60
Common Stock Payments
0.00
+100.00%
-3,089.20
0.00
+100.00%
-871.60
Common Stock Dividend Paid
-466,779.20
-28.57%
-363,055.23
-24.45%
-291,721.85
-2.27%
-285,234.20
Cash Dividends Paid
-466,779.20
-28.57%
-363,055.20
-24.45%
-291,721.90
-2.27%
-285,234.20
Repurchase Of Capital Stock
0.00
+100.00%
-3,089.20
0.00
+100.00%
-871.60
Net Other Financing Charges
8,186.40
-32.14%
12,063.50
+11.29%
10,839.30
-32.56%
16,071.80
Changes In Cash
690,237.60
+12.23%
615,033.30
+369.66%
130,952.50
-40.32%
219,426.90
Effect Of Exchange Rate Changes
-50,008.20
-206.03%
47,165.90
+665.62%
-8,338.80
-114.28%
58,397.00
Beginning Cash Position
2,127,627.00
+45.19%
1,465,427.80
+9.13%
1,342,814.10
+26.09%
1,064,990.20
End Cash Position
2,767,856.40
+30.09%
2,127,627.00
+45.19%
1,465,427.80
+9.13%
1,342,814.10
Free Cash Flow
992,378.40
+15.23%
861,195.50
+200.52%
286,568.90
-44.99%
520,972.80
Dividends Received CFI
3,939.60
+12.34%
3,507.00
-0.41%
3,521.60
+16.74%
3,016.50
Earnings Losses From Equity Investments
-5,488.50
-12.45%
-4,880.70
-1.68%
-4,800.20
+37.50%
-7,679.80
Interest Paid CFF
-19,128.80
-2.01%
-18,751.20
-8.02%
-17,359.00
-42.07%
-12,218.60
Interest Received CFI
98,954.70
+29.46%
76,434.10
+36.76%
55,887.20
+209.05%
18,083.70
Sale Of Intangibles
0.00
-100.00%
57.20
+1745.16%
3.10
-75.40%
12.60
Taxes Refund Paid
-267,557.50
-45.70%
-183,640.10
-14.86%
-159,875.10
-84.70%
-86,561.20
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category