How does TSMC's Q2 2024 revenue compare to previous quarters?

TSMC's Q2 2024 revenue is expected to show a positive trend compared to previous quarters, driven by strong demand for AI computing and advanced technologies: 1. **Q2 2024 Outlook**: TSMC anticipates revenue to range between $19.6 billion and $20.4 billion, indicating a 3.7-7.9% increase from the first quarter of 2024 and a double-digit increase year-over-year. 2. **Growth Drivers**: The forecasted growth is supported by robust demand for cutting-edge 3nm and 5nm technologies, particularly in AI applications. TSMC's leadership in advanced semiconductor nodes and packaging capabilities position it well to capitalize on the AI boom. 3. **Comparing to Previous Quarters**: - **Q1 2024**: TSMC's revenue for the first quarter was $18.87 billion, marking a 16.5% increase year-over-year. This growth was fueled by strong demand from AI firms and an 8.9% increase in net income. - **Q3 2023**: The third quarter of 2023 saw TSMC's revenue slip by 10% year-over-year to NT$480.84 billion ($15.68 billion), reflecting a broader industry slowdown and macroeconomic headwinds. - **Q4 2023**: TSMC reported flat financial results in the fourth quarter, with revenue essentially flat year-over-year at $19.62 billion, and a notable decline in net income by 19.3%. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |TSM|TSM.N|TSMC|2023 Q3|-12.103338268285006|1.695821224600646E10|169| |TSM|TSM.N|TSMC|2023 Q4|0.3587523897918089|2.042877003831E10|169| |TSM|TSM.N|TSMC|2024 Q1|11.22580799759517|1.856073333546051E10|169| |TSM|TSM.N|TSMC|2024 Q2|34.41455732149009|2.075532066094528E10|169| In summary, TSMC's Q2 2024 revenue is poised to build upon the growth momentum from the previous quarter, with AI-driven demand continuing to be a significant growth catalyst.