🎁 TSMC to report earnings on Thursday! Can the AI narrative continue to push the ceiling higher? Vote and comment to win prizes

💡 Fellow investors are welcome to vote, comment, and interact to win double rewards!

Chip foundry giant$Taiwan Semiconductor (TSM.US)$will announce its full Q4 2025 earnings on January 15 (this Thursday).Institutional forecasts expect TSMC's Q4 2025 revenue to reach NT$1.03 trillion, a year-over-year increase of 18.98%; expected earnings per share of NT$92.89, up 26.63% year-over-year.

According to TSMC’s monthly revenue data released on January 9, TSMC’s December sales reached NT$335 billion;Based on this calculation, its total Q4 revenue was approximately NT$1.046 trillion (equivalent to US$33.1 billion), not only breaking through the historical NT$1 trillion quarterly revenue mark but also exceeding market expectations with an impressive year-over-year growth rate of about 20%.Looking at the full year, TSMC’s cumulative revenue from January to December 2025 amounted to approximately NT$3.81 trillion, representing a 31.6% increase compared to the same period in 2024, fully demonstrating the absolute dominance of the semiconductor foundry leader.

Reviewing the Q3 report, TSMC amazed the world with an unexpected gross margin performance of 59.5% and full utilization of advanced process nodes.At that time, CEO C.C. Wei emphasized that the demand for AI 'is even stronger than what was anticipated three months ago,' and the company is accelerating the expansion of its 2-nanometer capacity in Arizona, USA, to address the supply shortage.

Looking ahead to this earnings report, investors are focusing on:

▶️Can the explosive growth of the AI business continue?In$NVIDIA (NVDA.US)$$Advanced Micro Devices (AMD.US)$$Broadcom (AVGO.US)$Against the backdrop of surging demand from major players for CoWoS advanced packaging, the increase in AI-related revenue is highly anticipated.

▶️How will the gross margin perform under the pressures of capacity expansion and rising costs?With the ramp-up of 3nm and more advanced process technologies, coupled with cost pressures brought by overseas capacity expansion, can the company's strong pricing power ensure profitability?

▶️Will the 2026 guidance provide confidence?Management's outlook on next year’s performance and capital expenditure will become a key indicator influencing market sentiment.

In terms of stock price, Taiwan Semiconductor has shown strong performance recently, closing at $331.77 on January 12, with a total market value reaching $1.72 trillion.Following a cumulative increase of 56% throughout 2025, the stock has risen more than 9% since the beginning of 2026.With the December revenue figures surpassing expectations, market optimism has increased, and investors generally expect the Q4 earnings to provide more solid validation!

So, facing the historic achievement of 'breaking through one trillion New Taiwan dollars for the first time,' along with the market's high hopes for continued growth in 2026,Can Taiwan Semiconductor’s stock price bring new surprises?

Come and participate in the prize interactive event~

🎁[Prize Event]

🏆Event 1: Bull Market Prophet

Correct prediction $Taiwan Semiconductor (TSM.US)$Fellow investors who correctly predict the opening price range on January 15 (US Eastern Time 9:30 AM / Beijing Time 10:30 PM) will share the prize equally.10,000 points!

(For example, if 10 fellow investors guess correctly, each person will receive 1,000 points; activity rewards will be distributed uniformly after this earnings season ends!)

🏆Activity Two: Futubull AI Opinion Leader

What are your thoughts on Taiwan Semiconductor's Q4 earnings?Leave a comment (minimum 50 words),Sir Earnings will comprehensively analyze depth and originality to select three insightful comments from fellow investors to reward.188 points!

Note: Both Event One and Event Two will end at 13:00 Beijing Time on January 15; rewards can be stacked and will be distributed uniformly after the end of this earnings season.

🔎[Institutional Views]

Prior to earnings, multiple Wall Street firms raised their target prices for Taiwan Semiconductor. 86% of institutions have assigned a 'Buy' rating, with the current average target price at $357.50 and the highest target price at $390 per share.

🔸JPMorgan: Raised target price for Taiwan Semiconductor by 24% to NT$2,100, maintaining an 'Outperform' rating.

JPMorgan analyst Gokul Hariharan noted in the report, 'We expect 2026 to be another year of strong growth for Taiwan Semiconductor, driven primarily by increasing demand for the company's most advanced process technologies and price hikes. Gross margin is also expected to improve further, reaching the lower end of the 60%-70% range.'

🔸Goldman Sachs: Raised target price to NT$2,330 and reiterated a 'Strong Buy' rating.

Goldman Sachs stated that AI has become the 'engine of growth for Taiwan Semiconductor for many years to come.' Over the next three years, the company is expected to invest approximately $150 billion in capacity expansion while continuing to improve its profit margins. The firm raised its target price for Taiwan Semiconductor to NT$2,330, reiterated a 'Strong Buy' rating, and predicted ongoing improvements in second-generation 3nm yield rates. More than 15 clients have already been secured for 2nm technology, further expanding its leading technological advantage.

🔸Bank of America Securities: Q4 net profit may increase 27% year-over-year to a record high, raising target price to NT$2,150.

Bank of America Securities forecasts that Taiwan Semiconductor's Q4 net profit will grow 27% year-over-year, setting a new historical high, driven primarily by full capacity utilization of 3nm production and stronger-than-expected AI orders. The firm raised its target price from NT$1,960 to NT$2,150, maintaining a 'Buy' rating, and expects sales growth of 27% and 22% respectively in 2026 and 2027, benefiting from a 43% CAGR in the AI foundry market.

🔸Nomura Securities: Target raised to NT$2,135! Taiwan Semiconductor enters the 'AI super cycle'

Nomura Securities believes that the long-term tight capacity of AI chips will support Taiwan Semiconductor's pricing power, effectively offsetting overseas expansion depreciation costs. Q4 performance is highly likely to exceed expectations. The firm has raised its target price to NT$2,135, clearly maintaining a bullish stance, stating that Taiwan Semiconductor is entering an 'AI super cycle.' The compound annual growth rate (CAGR) from 2026 to 2027 is expected to remain above 25%, reflecting strong and sustainable growth momentum.

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