Taiwan Semiconductor Q1 beats expectations across the board! Net profit hits record high
[Prize] Q1 earnings season kicks off! Wall Street giants deliver first results, with Taiwan Semiconductor and ASML Holding in the spotlight, quick earnings recap for the week (April 13-17)
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Hello fellow investors~Over the past few weeks, geopolitical tensions have been dictating the main rhythm of candlestick movements.The ink on the two-week ceasefire agreement between the US and Iran is barely dry, but disagreements over Lebanon have already labeled this truce as 'fragile.'The Strait of Hormuz remains closed, and global markets haven’t had time to catch their breath from the tumultuous waves in oil prices.Another battlefield without gunfire has already begun!
The curtain on Q1 earnings for US stocks is about to rise with great anticipation!👊
Will the Wall Street giants start with a bang?
Leading the charge are the familiar faces of earnings season: US bank stocks.$Goldman Sachs (GS.US)$Earnings will be released pre-market on April 13th,$JPMorgan (JPM.US)$$Citigroup (C.US)$$Wells Fargo & Co (WFC.US)$to be released on April 14th.$Bank of America (BAC.US)$and$Morgan Stanley (MS.US)$followed by the spotlight on April 15th.
$Goldman Sachs (GS.US)$Earnings will be released pre-market on April 13th,$JPMorgan (JPM.US)$$Citigroup (C.US)$$Wells Fargo & Co (WFC.US)$to be released on April 14th.$Bank of America (BAC.US)$and$Morgan Stanley (MS.US)$followed by the spotlight on April 15th.The big six Wall Street banks will release their reports in concentration, alongside$Blackrock (BLK.US)$$Charles Schwab (SCHW.US)$other asset management giants such as,$U.S. Bancorp (USB.US)$$PNC Financial Services (PNC.US)$and regional banks synchronously disclosing results. This is essentially a collective check-up for the entire financial sector.Deutsche Bank recently released a report stating,Bank stocks are expected to deliver robust or even strong overall earnings in Q1, with most banks' net interest income (NII) reaching the upper end of guidance or higher levels.Capital market activities have shown strong trends, and asset quality remains stable.
In the previous quarter, US bank stocks generally reported better-than-expected results, but their share prices were pressured by concerns over the 'credit card interest rate cap' policy and shifts in market sentiment.This time, if steady profits and a recovering investment banking business resonate together, could bank stocks see their moment of value return?
ASML Holding and Taiwan Semiconductor take center stage.
What makes the market's heart race even more than bank stocks,are the explosive earnings reports from two major bellwethers of the AI supply chain.One is ASML Holding, the 'tool seller' that controls core equipment for advanced chip manufacturing, and the other is Taiwan Semiconductor, the 'gold digger' carrying the majority of global AI chip foundry needs. Whose guidance will be more explosive?
Pre-market on April 15 |$ASML Holding (ASML.US)$
As the global monopolist in EUV lithography machines, ASML Holding has a backlog of orders amounting to 38.8 billion euros as of the end of 2025. Morgan Stanley expects the company's first-quarter sales to reach 8.64 billion euros, at the upper end of its guidance range (8.2 billion-8.9 billion euros), in line with expectations.
However, its short-term performance faces two major pressures. One is that demand for EUV equipment is concentrated in the second half of the year, and the other is that the proposed MATCH Act in the United States may further restrict DUV exports and services to China, which contributed about 30% of ASML’s revenue in 2025. This earnings report will focus on updates regarding new EUV order guidance, policy risks related to China’s business, and whether the gross margin can stabilize in the 52%-53% range.
In a research report released on April 3, JPMorgan forecasted that Taiwan Semiconductor’s Q1 gross margin would significantly exceed expectations, mainly due to ongoing tightness in 3nm capacity, high utilization rates, increased demand for expedited wafer production, and the depreciation of the New Taiwan dollar. The target price was raised to NT$2,400.
Goldman Sachs also joined the bullish camp on April 8, raising Taiwan Semiconductor’s 2026-2027 earnings forecasts by 4%-6%, with the target price increasing from $520 to $550, reiterating a “Buy” rating. Although smartphone and consumer demand remains weak, with some order cuts in the short term, Goldman Sachs believes this will be fully offset by strong demand for AI accelerators and AI-driven traditional server CPUs. This earnings report will closely watch whether capital expenditure will be further increased, whether the gross margin improvement trend can continue, and how long the supply-demand tension for advanced processes will persist.
![[Gift]Don't miss out! Participate in earnings discussions to win double points rewards Hello fellow investors~Over the past few weeks, geopolitical tensions have been dictating the main rhythm of candlestick movements.The ink on the two-week ceasefire agreement between the US and Iran is barely dry, but disagreements over Lebanon have already labeled this truce as 'fragile.'The Strait of Hormuz remains closed, and global markets haven’t had time to catch their breath from the tumultuous waves in oil prices.Another battlefield without gunfire has already begun! The curtain on Q1 earnings for US stocks is about to rise with great anticipation!👊 Will the Wall Street giants start with a bang? Leading the charge are the familiar faces of earnings season: US bank stocks.[Hey]$Goldman Sachs (GS.US)$Earnings will be released pre-market on April 13th,$JPMorgan (JPM.US)$$Citigroup (C.US)$$Wells Fargo & Co (WFC.US)$to be released on April 14th.$Bank of America (BAC.US)$and$Morgan Stanley (MS.US)$followed by the spotlight on April 15th. [Smart]The big six Wall Street banks will release their reports in concentration, alongside$Blackrock (BLK.US)$$Charles Schwab (SCHW.US)$other asset management giants such as,$U.S. Bancorp (USB.US)$$PNC Financial Services (PNC.US)$and regional banks synchronously disclosing results. This is essentially a collective check-up for the entire financial sector. Deutsche Bank recently released a report stating,...](https://nnqimage.futunn.com/sns_client_feed/999982/20260410/web-1775794055308-DHJSVlH98T.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Additionally, after market close on April 16, the king of streaming$Netflix (NFLX.US)$will make a grand appearance.Goldman Sachs recently upgraded its rating to “Buy,” with a price target of $120,believing that after resolving the Warner Bros. Discovery Paramount+ control dispute, the company can focus on content strategy and shareholder capital returns.
Goldman Sachs recently upgraded its rating to “Buy,” with a price target of $120,believing that after resolving the Warner Bros. Discovery Paramount+ control dispute, the company can focus on content strategy and shareholder capital returns.Food and beverage leader$PepsiCo (PEP.US)$is about to release results,With Middle East geopolitical risks compounded by the recovery in North America's snack business, it remains to be seen whether this 'dividend king' can stabilize its core operations;Pharmaceutical giant$Johnson & Johnson (JNJ.US)$needs to address whether its innovative drug pipeline can support its high valuation. On the industrial side,$Alcoa (AA.US)$will provide the latest signals on the aluminum price cycle.Previously, aluminum prices surged due to geopolitical conflicts and supply disruptions, and the company’s stock price rose accordingly. Can Q1 earnings continue to deliver surprises?
In Hong Kong stocks,$CATL (03750.HK)$The report card will be noteworthy.CLSA expects its Q1 net profit to reach 20 billion yuan, with a strong estimated increase of around 45% in battery shipments. Meanwhile, amid sharply rising raw material costs, this battery giant's cost transmission ability will be put to the test.And precision manufacturing for Apple’s supply chain$LENS (06613.HK)$A critical juncture is approaching. Can the strong momentum of an 85% year-over-year increase in net profit continue into 2025?
Taking a broader view, the market's overall expectations for the upcoming Q1 earnings season are not pessimistic.Consensus forecasts for S&P 500 companies point to a 13% year-over-year earnings growth, which would mark the sixth consecutive quarter of double-digit growth. Goldman Sachs also noted in a recent report that despite volatility caused by conflicts in the Middle East, the sell-off has instead provided long-term investors with a more reasonable entry opportunity, as tech stocks remain robust.
Looking back at the last earnings cycle, we witnessed a severe disconnect between corporate fundamentals and market sentiment.On one hand, there were companies exceeding profit expectations with steady revenue growth; on the other, the market was entirely dominated by AI narratives, even triggering disruptive panic pricing.So, will this time be different?As the earnings season begins again, will the same contradictions reappear, or will the market finally return to fundamentals, giving companies that deliver real results a fair valuation?
On one hand, there were companies exceeding profit expectations with steady revenue growth; on the other, the market was entirely dominated by AI narratives, even triggering disruptive panic pricing.So, will this time be different?As the earnings season begins again, will the same contradictions reappear, or will the market finally return to fundamentals, giving companies that deliver real results a fair valuation?Let’s look forward to it together ~ stay tuned@富途業績Sir, pay attention@Live from the Earnings Call FrontlineThis provides direct access to the live earnings call, helping you seize opportunities and boost your investment!
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A lineup of star stocks is set to release their results! How can you not miss the excitement?Click to learn more about corporate earnings announcement schedules:More earnings calendar
Click to learn more about corporate earnings announcement schedules:More earnings calendar[Interactive Giveaway]What do fellow investors think about how the companies releasing earnings next week will perform? Join the prediction and win 66 points!
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[Rewards for Comments]All answers, surprises, and twists will unfold.However, before the earnings release, independent thinking and forward-looking judgment are always the most valuable!
📢Feel free to share your thoughts in the comment section and let’s discuss:
> Among US banking stocks, who do you think will deliver the best results?
> Between Taiwan Semiconductor and ASML Holding, whose performance will ignite the AI supply chain more?
> Besides the above, which company's earnings are you most focused on, and why?
> In the face of volatility and opportunity during earnings season, what is your core trading strategy?
Leave a comment directly in the comment section of this post, sharing your thoughts. Make sure it's original (>30 words), substantive, and rule-compliant. The first 10 fellow investors will receive88 pointsa reward!
Additionally, among all comments, one high-quality comment from a fellow investor will be selected to wina full-color replica chess rook figurine!
Event time:From now until April 17, 2026, 24:00
![[Gift]Don't miss out! Participate in earnings discussions to win double points rewards Hello fellow investors~Over the past few weeks, geopolitical tensions have been dictating the main rhythm of candlestick movements.The ink on the two-week ceasefire agreement between the US and Iran is barely dry, but disagreements over Lebanon have already labeled this truce as 'fragile.'The Strait of Hormuz remains closed, and global markets haven’t had time to catch their breath from the tumultuous waves in oil prices.Another battlefield without gunfire has already begun! The curtain on Q1 earnings for US stocks is about to rise with great anticipation!👊 Will the Wall Street giants start with a bang? Leading the charge are the familiar faces of earnings season: US bank stocks.[Hey]$Goldman Sachs (GS.US)$Earnings will be released pre-market on April 13th,$JPMorgan (JPM.US)$$Citigroup (C.US)$$Wells Fargo & Co (WFC.US)$to be released on April 14th.$Bank of America (BAC.US)$and$Morgan Stanley (MS.US)$followed by the spotlight on April 15th. [Smart]The big six Wall Street banks will release their reports in concentration, alongside$Blackrock (BLK.US)$$Charles Schwab (SCHW.US)$other asset management giants such as,$U.S. Bancorp (USB.US)$$PNC Financial Services (PNC.US)$and regional banks synchronously disclosing results. This is essentially a collective check-up for the entire financial sector. Deutsche Bank recently released a report stating,...](https://nnqimage.futunn.com/sns_client_feed/999982/20260410/web-1775801305414-ITOoVeqF8q.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Finally, wishing all fellow investors fruitful insights and abundant returns during this earnings season!🍀
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Futubull AI Instant answers to resolve doubts, smart stock selection to lock in potential uptrends, portfolio analysis to seize opportunities and avoid risks!![[Gift]Don't miss out! Participate in earnings discussions to win double points rewards Hello fellow investors~Over the past few weeks, geopolitical tensions have been dictating the main rhythm of candlestick movements.The ink on the two-week ceasefire agreement between the US and Iran is barely dry, but disagreements over Lebanon have already labeled this truce as 'fragile.'The Strait of Hormuz remains closed, and global markets haven’t had time to catch their breath from the tumultuous waves in oil prices.Another battlefield without gunfire has already begun! The curtain on Q1 earnings for US stocks is about to rise with great anticipation!👊 Will the Wall Street giants start with a bang? Leading the charge are the familiar faces of earnings season: US bank stocks.[Hey]$Goldman Sachs (GS.US)$Earnings will be released pre-market on April 13th,$JPMorgan (JPM.US)$$Citigroup (C.US)$$Wells Fargo & Co (WFC.US)$to be released on April 14th.$Bank of America (BAC.US)$and$Morgan Stanley (MS.US)$followed by the spotlight on April 15th. [Smart]The big six Wall Street banks will release their reports in concentration, alongside$Blackrock (BLK.US)$$Charles Schwab (SCHW.US)$other asset management giants such as,$U.S. Bancorp (USB.US)$$PNC Financial Services (PNC.US)$and regional banks synchronously disclosing results. This is essentially a collective check-up for the entire financial sector. Deutsche Bank recently released a report stating,...](https://nnqimage.futunn.com/sns_client_feed/999982/20260410/web-1775811293827-na24eEj4Hz.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
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