Taiwan Semiconductor Manufacturing (TSM, Financial) reported a 48% year-over-year surge in April revenue to NT$349.57 billion, driven by strong demand for AI chips.

Revenue for the month also rose 22% from March, when the chipmaker posted NT$285.96 billion. TSM produces chips for major tech players like Apple (AAPL, Financial), Nvidia (NVDA, Financial), and AMD (AMD, Financial).

For the first four months of 2025, total revenue reached NT$1.189 trillion, up 44% from the same period a year earlier.

The jump in April sales reflects a push by electronics firms to secure essential components ahead of expected tariff changes, the report said.

TSM CEO C.C. Wei noted during the company's first-quarter earnings call that customer demand remained steady despite potential tariff uncertainties. He added that TSM expects full-year 2025 revenue to rise by around 20% in U.S. dollar terms.

In its first-quarter results, TSM said demand for AI chips partly offset seasonal weakness in the smartphone market.

Is TSMC Stock a Buy?

Based on the one year price targets offered by 15 analysts, the average target price for Taiwan Semiconductor Manufacturing Co Ltd is $216.58 with a high estimate of $265.34 and a low estimate of $119.37. The average target implies a upside of +23.60% from the current price of $175.22.

Based on GuruFocus estimates, the estimated GF Value for Taiwan Semiconductor Manufacturing Co Ltd in one year is $205.91, suggesting a upside of +17.52% from the current price of $175.22.For deeper insights, visit the TSMC Forecast page.