Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q4 2025 Earnings Presentation
15 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jan 15, 2026
Slide 1: 2025 Fourth Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2025 Fourth Quarter Earnings Conference January 15, 2026 © 2026 TSMC, Ltd 1 TSMC Property
Slide 2: Agenda
Agenda Unleash Innovation • Welcome Jeff Su, IR Director • 4Q25 Financial Results and 1Q26 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A © 2026 TSMC, Ltd 2 TSMC Property
Slide 3: Safe Harbor Notice
Safe Harbor Notice Unleash Innovation • TSMC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Information as to those factors that
Slide 4: Statements of Comprehensive Income
Statements of Comprehensive Income Unleash Innovation Selected Items from Statements of Comprehensive Income 4Q25 4Q25 4Q25 4Q25 3Q25 4Q24 Over Over (In NT$ billions unless otherwise noted) Guidance 3Q25 4Q24 Net Revenue (US$ billions) 33.73 32.2-33.4 33.10 26.88 +1.9% +25.5% Net Revenue 1,046.09 98
Slide 5: 4Q25 Revenue by Technology
4Q25 Revenue by Technology Unleash Innovation © 2026 TSMC, Ltd 5 TSMC Property
Slide 6: Revenue by Technology
Revenue by Technology Unleash Innovation 2025 2024 © 2026 TSMC, Ltd 6 TSMC Property
Slide 7: 4Q25 Revenue by Platform
4Q25 Revenue by Platform Unleash Innovation © 2026 TSMC, Ltd 7 TSMC Property
Slide 8: 2025 Revenue by Platform
2025 Revenue by Platform Unleash Innovation © 2026 TSMC, Ltd 8 TSMC Property
Slide 9: Balance Sheets & Key Indices
Balance Sheets & Key Indices Unleash Innovation Selected Items from Balance Sheets 4Q25 3Q25 4Q24 (In NT$ billions) Amount % Amount % Amount % Cash & Marketable Securities 3,068.59 38.7 % 2,751.06 37.4 % 2,422.02 36.2 % Accounts Receivable 281.79 3.6 % 307.81 4.2 % 272.09 4.1 % Inventories 288.11 3.
Slide 10: Cash Flows
Cash Flows Unleash Innovation (In NT$ billions) 4Q25 3Q25 4Q24 Beginning Balance 2,470.76 2,364.52 1,886.78 Cash from operating activities 725.51 426.83 620.21 Capital expenditures (356.91) (287.45) (361.95) Cash dividends (129.66) (116.70) (103.73) Bonds payable 21.75 (9.06) (1.75) Investments and
Slide 11: 2025 Financial Highlights
2025 Financial Highlights Unleash Innovation (In NT$ billions unless otherwise noted) 2025 2024 YoY Net Revenue (US$ billions) 122.42 90.08 +35.9% Net Revenue 3,809.05 2,894.31 +31.6% Gross Margin 59.9% 56.1% +3.8ppts Operating Margin 50.8% 45.7% +5.1ppts Income before Tax 2,041.66 1,405.84 45.2% EP
Slide 12: 1Q26 Guidance
1Q26 Guidance Unleash Innovation Based on our current business outlook, management expects: ▪ Revenue to be between US$34.6 billion and US$35.8 billion And, based on the exchange rate assumption of 1 US dollar to 31.6 NT dollars, management expects: ▪ Gross profit margin to be between 63% and 65% ▪
Slide 13: Future Outlook
Future Outlook Unleash Innovation Based on our current business outlook, management expects: ▪ 2026 revenue to increase by close to 30% in US dollar terms From 2024 to 2029, management expects: ▪ Revenue CAGR to approach 25% in US dollar terms ▪ Long-term gross margin to be 56% and higher through th
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • TSMC 2025 Supply Chain Management Forum Presents Awards to Outstanding Suppliers (2025/11/28) • TSMC Board of Directors Approved NT$6.00 Cash Dividend for the Third Quarter of 2025 and Set March 17, 2026 as Ex-Dividend Date, March 23, 2026 as the Rec
Slide 15: https://www.tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2026 TSMC, Ltd 15 TSMC Property
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