Taiwan Semiconductor’s (TSM) Profit Rose 69% Last Quarter. Is the Stock Still Cheap?

What happened: Taiwan Semiconductor (NYSE:TSM) reported third-quarter results on October 15, with revenue of $46.72 billion beating its own guidance and net profit rising 68.7%. Key numbers: Revenue $46.72 billion. Net profit up 68.7%. Gross margin 66.4%. Closed at $422.25 on October 15. Six-month return 16.21%. Why it matters: Gross margin held at 66.4% while the company started mass production on its newest process, which normally costs margin first. The article says the multiple is not demanding for the growth but depends on customers keeping their spending pace. Market: +0.4% today ($343.46), +27.0% YTD, 1.3x vol — as of 23:45 UTC

Taiwan Semiconductor (NYSE:TSM) reported third-quarter results on October 15, with revenue of $46.72 billion beating its own guidance and net profit rising 68.7%.

Gross margin held at 66.4% while the company started mass production on its newest process, which normally costs margin first. The article says the multiple is not demanding for the growth but depends on customers keeping their spending pace. Market: +0.4% today ($343.46), +27.0% YTD, 1.3x vol — as of 23:45 UTC