TSMC – Exceptional as Usual
271 Views, 13 Jan 2022 22:24
- TSMC posted results at or above the top end of its guidance ranges for 4Q21 at the revenue, GPM and OPM levels.
- Guidance for 1Q22 was also punchy with the midpoint of revenue guidance 6.0% above consensus and mid to high 20s revenue growth guidance for the year.
- We still suspect however that momentum could actually accelerate through the year.