TSMC has just released their Q2 2024 Earnings.

EPS: $1.48 vs $1.39 estimate

Revenue: $20.82 billion vs $20.06 billion estimate

Gross margin for the quarter was 53.2%, operating margin was 42.5%, and net profit margin was 36.8%. For Q3 2024 TSMC expect revenue between $22.4-$23.2 billion. The middle is well above the estimate of $22.65 billion.

This seems like another good quarter for TSMC overall, but so far the market has pushed down the share price and now it is trading at a forward P/E of 23

Time to buy??