Why Taiwan Semiconductor Stock Is Falling After Earnings

Taiwan Semiconductor beat expectations for the first quarter but its stock is notably lower. Here's why.

Taiwan Semiconductor logo on smartphone with computer keyboard in background under red lighting
(Image credit: Beata Zawrzel/NurPhoto via Getty Images)

Taiwan Semiconductor Manufacturing Company (TSM) stock fell nearly 6% out of the gate Thursday despite the company beating analysts' top- and bottom-line estimates for its first quarter.

In the three months ended March 31, the Taiwan-based chip manufacturer, whose clients include Magnificent 7 stocks Nvidia (NVDA) and Apple (AAPL), said revenue increased 12.9% year-over-year to $18.9 billion. 

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.