TSMC Powers Up: December Revenue Soars Ahead Of Q4 Earnings Release

Taiwan Semiconductor Manufacturing Co. Ltd. TSM is riding a wave of positive momentum as it gears up for its fourth quarter earnings release on Jan. 16.

An Impressive 57.8% YoY Revenue Increase

The semiconductor giant reported December 2024 net revenue of NT$278.16 billion (approx. $8.44 billion), marking a 57.8% year-over-year increase and cementing a 33.9% annual revenue growth over 2023.

Despite the tech sector’s recent turbulence, TSM stock has posted impressive gains: up 7.91% over the past month and 5.03% in just the past five days.

With Wall Street projecting fourth quarter EPS at $2.19 and revenue around $26.19 billion, according to data from Benzinga Pro, investors have their eyes set on another potential blockbuster quarter.

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

TSM Stock Chart Paints A Bullish Picture

The technical landscape paints a bullish picture for TSM stock.

Chart created using Benzinga Pro

TSM stock, at $206.17, sits comfortably above its key moving averages:

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

These signals, coupled with an MACD (moving average convergence/divergence) indicator of 3.82 and an RSI (relative strength index) of 54.07, make TSM stock’s technical case strongly bullish.

TSM Earnings, Growth Outlook

Analysts remain optimistic about TSM's continued market leadership in advanced chip manufacturing despite broader industry challenges.

The company's strong revenue performance in December underscores resilience and market dominance. The semiconductor sector has faced a rocky road, but TSM appears positioned to weather the storm with robust fundamentals.

With the fourth quarter earnings looming and TSM maintaining its bullish momentum, market watchers will be keen to see if the company delivers results that justify its recent surge — or if there’s a plot twist in store for the chip leader.

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Photo by Jack Hong via Shutterstock