Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> Citi Raises TSMC (TSMC.US) Earnings Forecast, Expects AI-Related Revenue to Double Next Year
Recommend 1 Positive 3 Negative 1 |
||||
|
||||
|
Citi has raised its earnings forecast for TSMC (TSMC.US) for 2026 and 2027 by 3% and 11%, respectively, believing that the company's earnings growth remains consistently robust. It is anticipated that earnings will grow by 41%, 39%, and 27% in 2026, 2027, and 2028, respectively. The firm expects strong AI demand, extending beyond GPUs and ASICs to a broader ecosystem including CPUs, network chips, and co-packaged optics (CPO). Ongoing supply constraints also support wafer price increases; in an environment of growing depreciation and inflation, this enhances TSMC's pricing power and profit resilience. The firm anticipates that TSMC's AI-related revenue will grow by over 100% year-on-year next year due to process node improvements and larger chip sizes, and expects the gross margin to remain at the mid-60% level. The firm reiterates its "Buy" rating on TSMC (2330.TW), raising the target price from TWD2,600 to TWD2,800. (ss/j) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
