TSMC(TSMC) just released its Q1 earnings outlook, and the growth momentum is quite strong. Q1 revenue is expected to reach $34.6-35.8B, compared to $25.53B in the same period last year (Q1 2025), an increase of over 35%, which is quite significant. Gross profit margin is expected to be in the 63-65% range, up from Q4's 62.3%, further opening up profit margins. More notably, operating margin is expected to be 54-56% in Q1, roughly the same as Q4's 54.0%, indicating that scale effects and cost control are both in play. As the global leader in chip manufacturing, TSMC's earnings outlook signals a continued positive industry outlook, which is of important reference for the entire supply chain, including GPU chip supply.