Taiwan Semiconductor Manufacturing Co. Ltd. TSM is poised for a significant earnings announcement set for January 16.

Remarkable Revenue Growth of 57.8% Year-Over-Year

In December 2024, TSM reported a net revenue of NT$278.16 billion (approximately $8.44 billion). This figure marks a striking 57.8% increase compared to the same month last year, contributing to a total annual revenue growth of 33.9% for 2023.

Despite challenges in the tech sector, TSM stock has remained resilient, climbing 7.91% over the past month and 5.03% in the last week.

As analysts forecast a fourth-quarter earnings per share (EPS) of $2.19 and revenue around $26.19 billion, investors are eagerly anticipating the next quarterly results, hoping for another successful performance according to data sourced from Benzinga Pro.

Read More: Taiwan Semiconductor Hits $26.3 Billion Q4 Revenue, Ends PowerAIR Deal Over Huawei Chip Breach Amid US Sanctions

Bullish Trends in TSM Stock Performance

Currently, TSM stock is showing strong technical signals.

Chart created using Benzinga Pro

As of now, TSM stock is trading at $206.17, well above key moving averages:

• Eight-Day SMA: $206.60
• 20-Day SMA: $202.39
• 50-Day SMA: $196.53
• 200-Day SMA: $172.56

The favorable technical indicators include a MACD (moving average convergence/divergence) of 3.82 and an RSI (relative strength index) of 54.07, suggesting a bullish outlook for TSM stock.

Outlook for TSM’s Earnings and Growth

Experts express confidence in TSM’s leadership role in advanced chip manufacturing, even amidst broader market difficulties.

The impressive revenue figures from December highlight TSM’s resilience and market authority. Despite facing industry headwinds, the company seems capable of navigating current challenges thanks to solid fundamentals.

As TSM approaches its fourth quarter earnings report, market observers are eager to see whether the forthcoming results will align with the stock’s upward momentum or introduce unforeseen challenges for this semiconductor leader.

Read Next:

Photo by Jack Hong via Shutterstock