TSM Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-31), TSM reported revenue of $625.5B, gross profit of $331.8B (53.0% gross margin), operating income of $260.2B, and net income of $238.7B (38.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSM was profitable; revenue grew 14.4% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +14.4% | +13.1% | −0.4 pp |
Consensus estimate data is not available for this report.
TSM Q4 2023 Income Statement
| Line item | Amount (NT$) | % of revenue |
|---|---|---|
| Revenue | $625.5B | 100% |
| Cost of Revenue | −$293.8B | 47.0% |
| Gross Profit | $331.8B | 53.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$71.6B | 11.4% |
| Operating Income | $260.2B | 41.6% |
| Other Income, net | $18.1B | 2.9% |
| Income Tax Expense | −$39.6B | 6.3% |
| Net Income | $238.7B | 38.2% |
Source: original SEC filing (filed 2024-01-18). Accession 0001046179-24-000005. Data normalized by EarningsFyi.