October 17, 2024 - $Taiwan Semiconductor (TSM.US)$ shares increased 5.8% to $198.35 in overnight trading on Thursday, hitting a new record high.
The company today released its Q3 2024 earnings report, showing that the company's revenue for the quarter was NT$759.69billion, net income of NT$325.26billion, and diluted earnings per share of NT$12.54.
Year-over-year, third quarter revenue increased 39.0% while net income and diluted EPS both increased 54.2%. Compared to second quarter 2024, third quarter results represented a 12.8% increase in revenue and a 31.2% increase in net income.
The company said 3-nm accounted for 20% of the total revenue, while 5-nm and 7-nm technologies accounted for 32% and 17%, respectively. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 69% of total wafer revenue.
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