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![alexcapital01 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1228138645.png) Alex Capital [@alexcapital01](/creator/twitter/alexcapital01) on x XXX followers
Created: 2025-07-17 07:51:50 UTC

$TSM crushed earnings !

EPS: $XXXX vs $XXXX expected.
Revenue: $30.1B vs $30.0B expected. ✅

👉🏼 Q3 outlook: 
- They expect Q3 revenue of $31.8-$33B (vs Q3 2024 revenue $23.5B); meaning 35%-40% YoY growth).
- They expect Q3 gross margin at 55.5-57.5% (Q2 58.6%) due to an appreciation in the TWD: "forex not in our control."
- They expect Q3 operating margin at 45.5-47.5% (Q2 49.6%).

👉🏼 H2 2025 & FY2025 outlook:
- In H2, management has not seen any change in behavior so far, but, there is risk and uncertainty from tariffs: "we remain mindful of potential tariff related impact."
- 2025 revenue to increase by around XX% (!) versus previous forecast of a mid XX% increase.
- N2 well on track for volume production in H2 2025.

🏭 Arizona fab:
- "we are working on speeding up volume production in Arizona." 
- "5th, 6th fab in Arizona will use even more advanced tech: around XX% of N2 capacity will eventually be in Arizona."

🏭 Japan & Germany fab:
- "in Japan, second fab is scheduled to start building later this year."
- "Dresden (Germany) fab building is processing smoothly."

Stock is up +4% in Europe, will see a new ATH today. 📈

![](https://pbs.twimg.com/media/GwCv9Y4WsAAw8eR.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945753293143294393/c:line.svg)

**Related Topics**
[h2](/topic/h2)
[forex](/topic/forex)
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[$33b](/topic/$33b)
[$300b](/topic/$300b)
[$301b](/topic/$301b)
[eps](/topic/eps)
[$tsm](/topic/$tsm)

[Post Link](https://x.com/alexcapital01/status/1945753293143294393)