Taiwan Semiconductor Manufacturing (TSMC) manufactures chips designed by other companies — it owns and operates the fabs (factories), while customers like Apple, Nvidia, and AMD handle chip design. This "foundry" model means TSMC gets paid per wafer produced, with pricing tied to process complexity. Revenue comes from a wide range of end markets including smartphones, PCs, data centers, and automotive. TSMC is the dominant player at the leading edge of chip manufacturing (the most advanced nodes), which is where the highest-margin work and most critical customers concentrate.
Employees90,557IPOOct 8, 1997HQNo. 8, Li-Hsin Road 6, Hsinchu Science Park, Hsinchu, TWN, 300-096
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
64.2%
Operating Margin
56.1%
EBITDA Margin
73.6%
Net Margin
49.9%
OCF Margin
59.2%
FCF Margin
25.5%
Returns on Capital
ROE
43.7%
ROA
29.1%
ROIC
49.2%
ROCE
41.9%
ROC (Greenblatt)
71.1%
3Y ROIIC
46.4%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
30.00
Forward P/E
26.31
P/E ex-NRI
30.00
Shiller P/E (CAPE)
64.47
Cash Flow Multiples
P/FCF
53.16
P/OCF
22.97
P/Owner Earnings
36.97
FCF Yield
1.69%
Enterprise Value Multiples
EV / EBIT
25.12
EV / Forward EBIT
18.86
EV / EBITDA
19.82
EV / Forward EBITDA
14.57
EV / Revenue
14.59
EV / Forward Revenue
10.84
Asset / Sales
P/S
13.66
P/B
10.28
P/Tangible Book
10.32
Growth-Adjusted
PEG
1.28
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.85%
Forward Dividend Yield
1.05%
3Y Dividend Growth
20.0%
Payout Ratio
0.26
5Y Yield on Cost
1.52%
Buybacks & Dilution
3Y Buyback Ratio
0.00%
5Y Share Change
0.0%
Combined
Shareholder Yield
0.50%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.19
Gross Debt / EBITDA
0.33
Cash / Debt
3.17
Equity / Assets
0.68
Coverage
Interest Coverage
285.71
Short-Term Liquidity
Current Ratio
2.49
Quick Ratio
2.31
Cash Ratio
2.01
Composite Scores
Piotroski F-Score
8
Altman Z-Score
16.61
Split History
Date
Split
2009-07-15
1.005:1
2008-07-16
1.005:1
2007-06-08
1.005:1
2006-06-20
1.0299:1
2005-06-13
1.05:1
2004-06-14
1.1409:1
2003-07-07
1.08:1
2002-06-19
1.1:1
2001-06-26
1.4:1
2000-05-15
1.28:1
1999-08-16
1.23:1
1998-08-26
1.45:1
Ex-date
Amount
Pay date
2026-12-10
$1.09
2027-01-07
2026-09-16
$1.11
2026-10-08
2026-06-11
$0.9393
2026-07-09
2026-03-17
$0.939
2026-04-09
2025-12-11
$0.7954
2026-01-08
2025-09-16
$0.822
2025-10-09
2025-06-12
$0.7803
2025-07-10
2025-03-18
$0.6777
2025-04-10
2024-12-12
$0.6081
2025-01-09
2024-09-12
$0.6248
2024-10-09
10 of 45
View allDate
Transcript
Type
2026-07-16
Q2 2026 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2026-04-16
Q1 2026 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2026-01-15
Q4 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2025-10-16
Q3 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2025-07-17
Q2 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2025-04-17
Q1 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call Transcript
Earnings Call
2025-01-16
Q4 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call Transcript
Earnings Call
2024-10-17
Q3 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2024-07-18
Q2 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2024-04-18
Q1 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
10 of 30
5-Step DuPont Analysis
ROE %
41.64%
×
×
Net Margin %
49.88%
×
×
Operating Margin %
56.04%
Operating Income
$79.42B
÷
Revenue
$141.72B
×
Tax Burden
0.8311
Net Income
$70.69B
÷
Pretax Income
$85.05B
×
Interest Burden
1.0708
Pretax Income
$85.05B
÷
Operating Income
$79.42B
×
Asset Turnover
0.56
÷
Revenue
$141.72B
÷
Average Total Assets
$254.14B
Begin Total Assets
$236.52B
End Total Assets
$271.76B
×
Equity Multiplier
1.50
÷
Avg Total Assets
$254.14B
÷
Avg Stockholders Equity
$169.74B
Begin Equity
$154.65B
End Equity
$184.84B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| FMR LLC | 58.9M | 1.14% | -1.5M | $28.15B |
| Capital World Investors | 34.4M | 0.66% | +1.5M | $16.41B |
| Sanders Capital, LLC | 26.1M | 0.50% | -1.9M | $12.49B |
| JPMORGAN CHASE & CO | 23.8M | 0.46% | -155.4K | $10.84B |
| BlackRock, Inc. | 20.1M | 0.39% | +1.9M | $9.61B |
| Fisher Asset Management, LLC | 18.9M | 0.36% | +248.5K | $9.01B |
| VAN ECK ASSOCIATES CORP | 17.2M | 0.33% | -2.1M | $8.22B |
| GOLDMAN SACHS GROUP INC | 16.1M | 0.31% | +6.7M | $7.70B |
| MORGAN STANLEY | 15.8M | 0.31% | +1.1M | $7.57B |
| BANK OF AMERICA CORP /DE/ | 15.3M | 0.29% | +1.2M | $7.30B |
10 of 3,607
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Tseng Fang ChurngDirector | 34.6M | 0.6672% | $14.28B |
| Wei Che-ChiaOfficer | 7.7M | 0.1480% | $3.17B |
| Chin Yung-PeiOfficer | 5.2M | 0.1005% | $2.15B |
| Huang Jen-ChauOfficer | 1.8M | 0.0354% | $757.33M |
| Yoo Chue-SanOfficer | 1.8M | 0.0349% | $747.87M |
| Chuang Tzu-SouOfficer | 1.5M | 0.0290% | $620.31M |
| Mii Yuh-JierOfficer | 1.3M | 0.0250% | $534.12M |
| Fang Shu-HuaOfficer | — | — | — |
| Chang Tzonz-ShengOfficer | — | — | — |
| Lin Shyue-ShyhOfficer | — | — | — |
10 of 33· 6 withheld
View allRecent insider activity
through Oct 7, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Yuan LipenOfficer | Open-Market or Private Purchase | +40 | $3,176 | Oct 7, 2026 |
| Yeap Choh FeiOfficer | Open-Market or Private Purchase | +52 | $4,128 | Oct 7, 2026 |
| Zhang Kevin XiaoqiangOfficer | Open-Market or Private Purchase | +59 | $4,684 | Oct 7, 2026 |
| Yoo Chue-SanOfficer | Open-Market or Private Purchase | +50 | $3,970 | Oct 7, 2026 |
| Wu Shien-YangOfficer | Open-Market or Private Purchase | +53 | $4,208 | Oct 7, 2026 |
| Wei Che-ChiaOfficer | Open-Market or Private Purchase | +144 | $11.4K | Oct 7, 2026 |
| Wu Yi-HuangOfficer | Open-Market or Private Purchase | +39 | $3,096 | Oct 7, 2026 |
| Wang Ying-LangOfficer | Open-Market or Private Purchase | +52 | $4,128 | Oct 7, 2026 |
| Mii Yuh-JierOfficer | Open-Market or Private Purchase | +68 | $5,399 | Oct 7, 2026 |
| Tien Bor-ZenOfficer | Open-Market or Private Purchase | +40 | $3,176 | Oct 7, 2026 |
10 of 280
View all