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Taiwan Semiconductor Manufacturing Company Limited (TSM)

Taiwan Semiconductor Manufacturing Company makes chips that other companies design. As a foundry it manufactures semiconductors on silicon wafers from the proprietary integrated circuit designs its customers give it, and sells no chip of its own. It was founded in 1987 as a joint venture among the R.O.C. government and other private investors, is headquartered in the Hsinchu Science Park in Taiwan, and states its figures in NT$. The common shares have been listed on the Taiwan Stock Exchange since September 1994 and the American depositary shares on the New York Stock Exchange since October 1997.

Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company makes chips that other companies design. As a foundry it manufactures semiconductors on silicon wafers from the proprietary integrated circuit designs its customers give it, and sells no chip of its own. It was founded in 1987 as a joint venture among the R.O.C. government and other private investors, is headquartered in the Hsinchu Science Park in Taiwan, and states its figures in NT$. The common shares have been listed on the Taiwan Stock Exchange since September 1994 and the American depositary shares on the New York Stock Exchange since October 1997.

The fabs

In operation are one 150mm wafer fab, six 200mm wafer fabs, nine 300mm wafer fabs and seven advanced backend fabs. Nine of them sit in the Hsinchu Science Park with the corporate headquarters, two in the Central Taiwan Science Park, seven in the Southern Taiwan Science Park, two in the United States, one in Shanghai, one in Nanjing and one in Japan. ESMC owns a parcel of approximately 513,557 square meters in the city of Dresden in Germany, the site of Fab 24. The company owns all the buildings and equipment for its fabs other than certain equipment under leases at testing areas, and it leases most of the land from the science park administrations and the Kaohsiung City Government under agreements that come up for renewal on dates between 2026 and 2045.

The service

Because it can take a customer in at any stage of the foundry process, from design and mask making onward, it can serve companies with very different in-house capabilities, and the filing notes that a customer base spread across many applications smooths swings in demand. Manufacturing is mainly by the CMOS process, used for logic semiconductors, the mixed analog-and-digital and radio frequency parts that combine analog and digital circuitry on one chip, micro-electro-mechanical systems, and embedded memory that puts logic and memory together. Thousands of different products are at some stage of fabrication in the fabs at any moment. The company calls itself the longest existing dedicated foundry.

The technology

Wafer fabrication covers CMOS logic, mixed analog-and-digital, radio frequency, embedded memory and BiCMOS mixed analog-and-digital processes, and alongside them the company sells design services, mask making, the TSMC 3DFabric advanced silicon stacking and packaging service, and testing. The 2-nanometer technology entered volume production in 2025, and the filing states that development of the 16-angstrom technology is on track with risk production expected in 2026. The filing describes the company as the technology leader among the dedicated foundries in advanced semiconductors of 7-nanometer and below, and as one of the leaders in the industry for mainstream and specialty technologies.

Who buys

Customers are fabless semiconductor companies, system companies and integrated device manufacturers. By platform in 2025, high performance computing was 58% of net revenue, smartphones 29%, internet of things 5%, automotive 5%, digital consumer electronics 1% and other platforms 2%. High performance computing was 43% two years earlier, so the weight of the business has shifted. Counted by the country where a customer is headquartered, North America was 75% in 2025, Asia Pacific excluding China and Japan 9%, China 9%, Japan 4%, and Europe, the Middle East and Africa 3%.

What it spends

The filing states that capital expenditure in 2026 is expected to be between US$52 billion and US$56 billion, which may be adjusted later depending on market conditions. It is to go mainly on installing and expanding capacity for the 2-nanometer and 3-nanometer nodes, including building and facility expansion for Fab 20, Fab 21 and Fab 22; on capacity for specialty technologies and advanced packaging, including Fab 24; and on research projects for new process technologies. Capital spending has been funded from operating cash flow and the issue of corporate bonds. Research and development took NT$246,427 million in 2025, which the company translates as US$7,855 million. That was 6.5% of net revenue, against 8.5% in 2023. The work is split between centralised research on new logic, system-on-chip, derivative and packaging technologies and research conducted inside the fabs themselves.

From TSMC's annual report on Form 20-F for the year ended 31 December 2025. The filing

Compare with another name

Taiwan Semiconductor Manufacturing Company Limited files a 20-F with the SEC once a year, in New Taiwan dollars. In the year to 31 December 2025 it reported revenue of TWD 3,809,054 million ($122.4 billion at the year's average rate), up 31.6% on the year before. Its profit attributable to shareholders was TWD 1,697,604 million, up 46.5%, and diluted earnings per share TWD 65.47.

Taiwan Semiconductor Manufacturing (TSM) in brief

Taiwan Semiconductor Manufacturing (TSM) reported revenue of TWD 3.81 trillion for the year to 31 December 2025, up 31.6% on the year before.
Read moreProfit attributable to shareholders was TWD 1.70 trillion and diluted earnings per share TWD 65.47. Revenue was TWD 2.89 trillion in 2024, TWD 2.16 trillion in 2023, TWD 2.26 trillion in 2022 and TWD 1.59 trillion in 2021. Profit attributable to shareholders in the same years was TWD 1.16 trillion, TWD 852 billion, TWD 993 billion and TWD 592 billion. Revenue grew 23.3% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of Taiwan Semiconductor Manufacturing was $2.06 trillion, 39.8 times its earnings for 2025.

The share in the US

Last close$396.66 on 10 November 2026
52-week range$275.06 (21 November 2025) to $485.95 (5 October 2026)
Over one yearup 34.3%
Market cap$2,057.3 billion: 25,932,524,521 shares outstanding at 31 December 2025 (20-F), each US share standing for 5 ordinary shares
P/E, latest fiscal year39.8: the last close over diluted EPS for the year to Dec 2025, TWD 65.47 per ordinary share times 5, TWD 327.35 per US share, $9.96 at 32.85 TWD per US dollar on 6 November 2026 (FRED DEXTAUS). The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Dec 2025, in dollars

ROE31.7%
ROCE30.3%
Operating margin50.8%
Net margin44.6%
FCF margin26.3%
Interest cover156.51
Debt to equity0.19
Cash conversion1.34
Share count, last 12 months0.0%
Sales CAGR, 3 years18.9%
Profit CAGR, 3 years19.6%
EPS$9.96

At the close of 10 November 2026

Price$396.66
Market cap$2.06 trillion
Stock P/E39.81
Price to book12.62
EV / EBITDAn/a
Dividend yield0.7%
Market cap / sales17.74
52-week high$485.95
52-week low$275.06
Price, 1 year34.3%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Taiwan Semiconductor Manufacturing Company Limited's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
TSMgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, times the 5 ordinary shares one US share stands for, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TSM

DividendsTWD 17.00 a share in FY2024
Filings56 in twelve months: 54 reports on Form 6-K, most often adjustment to Cash Dividend Per Share (4); TSMC Board of Directors Meeting Resolutions (4); change of Treasurer of TSMC Arizona Corporation, a major subsidiary of TSMC (2); TSMC Reports Third Quarter EPS of NT$29.43 (1); TSMC September 2026 Revenue Report (1)
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.99 by open interest at the 10 November 2026 close; the straddle prices a 3.9% move to 13 November 2026
13F holders3,599 funds reported a position for the quarter to 30 June 2026; largest FMR LLC
Insider trading2 sales and 38 purchases on Form 4 in twelve months
Congress5 House trades disclosed in six months
Short interest32.2 million shares short, 2.62 days to cover at 30 October 2026

Income statement (profit and loss), 11 fiscal years

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue843,497947,938977,4471,031,4741,069,9851,339,2551,587,4152,263,8912,161,7362,894,3083,809,054
Cost of sales433,118473,077482,616533,488577,284628,125767,878915,536986,6251,269,9541,527,760
Gross profit410,395474,832494,826497,874492,702711,130819,5371,348,3551,175,1111,624,3542,281,294
Research and development65,54571,20880,73285,89691,419109,486124,735163,262182,370204,182246,427
Operating profit320,048377,958385,559383,624372,701566,784649,9811,121,279921,4661,322,0531,936,092
Finance costs3,1903,3063,3303,0513,2512,0825,41411,75011,99910,49512,370
Profit before tax350,478385,922396,162397,543389,862584,746663,0361,144,072979,3161,405,8402,041,655
Income tax47,64554,12451,12334,43735,83573,73870,155150,778128,289248,316346,530
Profit for the year302,833331,797345,039363,106354,027511,008592,881993,295851,0281,157,5241,695,125
Profit attributable to shareholders302,851331,714344,998363,053353,948510,744592,359992,923851,7401,158,3801,697,604
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
TWD million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Diluted EPS11.6812.7913.3014.0013.6519.7022.8438.2932.8544.6765.47
Basic EPS11.6812.7913.3014.0013.6519.7022.8438.2932.8544.6865.47
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

TWD per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by product or service

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Share
of the parts, latest year
Wafer766,229861,520875,461911,296927,3171,178,4561,405,3001,991,8561,882,5182,514,4613,272,55485.9%
Others77,26986,418101,986120,177142,668160,798182,115272,035279,218379,846536,50114.1%
WaferOthers
843.5Dec 2015977.4Dec 20171,070.0Dec 20191,587.4Dec 20212,161.7Dec 20233,809.1Dec 2025

TWD billion; hover a block for its figure and share

TWD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Revenue by region

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Share
of the parts, latest year
United States566,600626,435635,852632,822634,713817,9111,015,9961,493,3291,408,8421,992,2802,834,69274.4%
Chinan/a82,634110,201175,794208,101233,783164,552245,169267,154331,673327,5038.6%
Taiwan90,170125,10788,04678,26184,255129,083203,964210,471149,777270,414299,4467.9%
Japann/a44,37360,62858,12657,46963,29971,921119,099132,072144,240150,4283.9%
Europe, the Middle East and Africa57,06558,11269,04771,06867,56870,21389,010123,767117,348102,761126,5843.3%
Others5,95711,27713,67315,40317,87924,96541,97272,05686,54252,94070,4021.8%
Asia123,706n/an/an/an/an/an/an/an/an/an/an/a
United StatesChina FY2016 to FY2025TaiwanJapan FY2016 to FY2025Europe, the Middle East and AfricaOthersAsia FY2015
843.5Dec 2015977.4Dec 20171,070.0Dec 20191,587.4Dec 20212,161.7Dec 20233,809.1Dec 2025

TWD billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

TWD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from operations529,879539,835585,318573,954615,139822,6661,112,1611,610,5991,241,9671,826,1772,274,976
Purchase of property, plant and equipment257,517328,045330,588315,582460,422507,239839,1961,082,672949,817956,0061,272,410
Free cash flow272,363211,789254,730258,372154,716315,428272,965527,927292,150870,1711,002,565
Cash from investing-217,246-395,440-336,165-314,269-458,802-505,782-836,366-1,190,928-906,121-864,843-1,144,393
Cash from financing-116,734-157,800-215,698-245,125-269,638-88,615136,608-200,244-204,894-346,301-440,345
Buybacksn/an/an/an/an/an/an/an/a0.03,0890.0
Dividends paid116,684155,582181,513207,443259,304259,304265,786285,234291,722363,055466,779
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
TWD million, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Funded by
Equity attributable to shareholders1,194,9701,359,0511,493,7471,660,4291,613,7061,834,8112,149,2602,903,0203,429,5224,244,2665,355,039
Non-controlling interestsn/a7957006766829522,42314,81324,34435,00541,180
Borrowings, as filedn/a249,162213,968180,555175,422347,232732,868858,410927,5761,018,2871,032,988
Lease liabilitiesn/an/an/a19,90417,31722,38922,94132,36831,49231,80435,428
Other liabilitiesn/a277,289283,318228,468457,598555,216817,8111,155,8491,119,2621,362,4021,468,208
Total equity and liabilitiesn/a1,886,2971,991,7322,090,0312,264,7252,760,6003,725,3024,964,4595,532,1976,691,7657,932,842
Owned
Property, plant and equipment853,470997,7781,062,5421,072,0501,352,3771,555,5891,975,1192,693,8373,064,4753,234,9803,691,841
Cash and cash equivalents562,689541,254553,392577,815455,399660,1711,064,9901,342,8141,465,4282,127,6272,767,856
Inventoriesn/a48,68273,881103,23182,981137,353193,102221,149250,997287,869288,110
Other assetsn/a298,583301,917336,935373,967407,487492,091706,659751,2971,041,2891,185,036
Total assetsn/a1,886,2971,991,7322,090,0312,264,7252,760,6003,725,3024,964,4595,532,1976,691,7657,932,842
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
TWD million, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross margin48.7%50.1%50.6%48.3%46.0%53.1%51.6%59.6%54.4%56.1%59.9%
Operating margin37.9%39.9%39.4%37.2%34.8%42.3%40.9%49.5%42.6%45.7%50.8%
Net margin35.9%35.0%35.3%35.2%33.1%38.1%37.3%43.9%39.4%40.0%44.6%
Free cash flow margin32.3%22.3%26.1%25.0%14.5%23.6%17.2%23.3%13.5%30.1%26.3%
Return on year-end equity25.3%24.4%23.1%21.9%21.9%27.8%27.6%34.2%24.8%27.3%31.7%
Effective tax rate13.6%14.0%12.9%8.7%9.2%12.6%10.6%13.2%13.1%17.7%17.0%
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was Taiwan Semiconductor Manufacturing's revenue in 2025?

Taiwan Semiconductor Manufacturing (TSM) reported revenue of TWD 3.81 trillion for the year to 31 December 2025, up 31.6% on the year before.

How much did Taiwan Semiconductor Manufacturing earn in 2025?

Profit attributable to shareholders was TWD 1.70 trillion for the year to 31 December 2025, and diluted earnings per share TWD 65.47.

What is Taiwan Semiconductor Manufacturing's P/E ratio?

At the close of 10 November 2026, Taiwan Semiconductor Manufacturing traded at 39.8 times its earnings for 2025.

What is Taiwan Semiconductor Manufacturing's market cap?

The market cap of Taiwan Semiconductor Manufacturing was $2.06 trillion at the close of 10 November 2026.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.07 trillion21.3484.2%65.2%83.4%0.150.2%
Taiwan Semiconductor Manufacturing Company Limited TSM *$2.06 trillion39.8131.7%50.8%31.6%0.190.7%
Broadcom Inc. AVGO$1.59 trillion42.4138.4%48.0%48.7%0.610.8%
Advanced Micro Devices Inc. AMD$845.2 billion112.0411.1%17.7%41.9%0.10n/a
Micron Technology Inc. MU$819.8 billion9.7761.4%74.6%256.3%0.040.1%
Intel Corp. INTC$308.6 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$295.6 billion32.1236.2%29.6%7.8%0.260.5%
Texas Instruments Inc. TXN$274.7 billion38.9937.1%40.8%20.3%0.711.9%
Arm Holdings plc ARM *$193.0 billion213.4410.9%18.3%22.8%0.00n/a
Analog Devices Inc. ADI$190.6 billion46.6512.3%35.5%33.6%0.271.1%
Marvell Technology, Inc. MRVL$135.4 billion50.9514.2%16.5%30.6%0.270.2%
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CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.07 trillion21.3484.2%65.2%83.4%0.150.2%
Taiwan Semiconductor Manufacturing Company Limited TSM *$2.06 trillion39.8131.7%50.8%31.6%0.190.7%
Broadcom Inc. AVGO$1.59 trillion42.4138.4%48.0%48.7%0.610.8%
Advanced Micro Devices Inc. AMD$845.2 billion112.0411.1%17.7%41.9%0.10n/a
Micron Technology Inc. MU$819.8 billion9.7761.4%74.6%256.3%0.040.1%
Intel Corp. INTC$308.6 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$295.6 billion32.1236.2%29.6%7.8%0.260.5%
Texas Instruments Inc. TXN$274.7 billion38.9937.1%40.8%20.3%0.711.9%
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Arm Holdings plc ARM *$193.0 billion213.4410.9%18.3%22.8%0.00n/a
Analog Devices Inc. ADI$190.6 billion46.6512.3%35.5%33.6%0.271.1%
Qualcomm Inc. QCOM$185.9 billion13.6644.8%20.1%-2.6%0.502.1%
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ON Semiconductor Corp. ON$27.1 billion40.479.1%12.3%2.9%0.60n/a
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Lattice Semiconductor Corp. LSCC$15.8 billion347.913.2%9.1%63.4%0.61n/a
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Sitime Corp. SITM$13.4 billion472.590.8%0.9%142.6%0.38n/a
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Advanced Energy Industries Inc. AEIS$8.9 billion31.8618.2%16.0%31.7%0.800.2%
Rambus Inc. RMBS$8.7 billion33.2518.8%36.3%17.3%0.00n/a
Amkor Technology, Inc. AMKR$8.5 billion13.9012.9%9.5%15.7%0.521.0%
Sanmina Corp. SANM$8.3 billion27.8011.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$7.6 billion129.315.1%10.6%47.4%0.49n/a
TTM Technologies Inc. TTMI$7.6 billion28.7713.1%11.1%37.6%0.80n/a
Silicon Laboratories Inc. SLAB$7.4 billionn/a-1.8%-2.6%21.3%0.00n/a
Formfactor Inc. FORM$6.7 billion39.1214.7%18.3%29.1%0.01n/a
Esco Technologies Inc. ESE$6.2 billion19.6419.5%14.2%24.0%0.050.1%
Cirrus Logic, Inc. CRUS$6.0 billion15.1818.9%22.5%5.1%0.00n/a
Allegro Microsystems, Inc. ALGM$5.7 billion204.803.1%7.5%27.9%0.28n/a
Plexus Corp. PLXS$5.5 billionn/an/an/an/a0.18n/a
Impinj Inc. PI$5.3 billionn/a-3.1%-0.7%7.7%0.62n/a
Planet Labs PBC PL$5.2 billionn/a-63.8%-27.2%44.1%0.79n/a
Mercury Systems Inc. MRCY$5.1 billionn/a-0.3%2.7%8.4%0.22n/a
Maxlinear, Inc. MXL$4.9 billionn/a-5.5%-0.9%56.0%0.31n/a
Synaptics Inc. SYNA$4.7 billionn/a-53.2%-4.7%8.1%0.91n/a
Applied Optoelectronics, Inc. AAOI$4.3 billionn/a-1.5%-6.8%77.2%0.10n/a
Vishay Intertechnology Inc. VSH$4.3 billion43.213.2%5.2%17.6%0.251.5%
Universal Display Corp. OLED$4.1 billion18.3313.8%34.6%-1.9%n/a2.2%
Diodes Inc. DIOD$4.0 billion34.795.9%7.3%24.2%0.21n/a
Enphase Energy, Inc. ENPH$3.7 billion41.277.3%4.2%-19.9%0.46n/a
Kulicke & Soffa Industries Inc. KLIC$3.6 billion32.1312.7%13.2%44.4%0.001.2%
OSI Systems Inc. OSIS$3.1 billion21.1120.3%12.2%2.9%1.28n/a
Ondas Inc. ONDS$3.0 billionn/a10.6%-140.4%979.3%0.00n/a
IPG Photonics Corp. IPGP$3.0 billion73.951.9%1.9%14.8%0.00n/a
Intuitive Machines, Inc. LUNR$2.7 billionn/an/a-27.5%116.5%n/an/a
Penguin Solutions, Inc. PENG$2.7 billion17.1734.7%9.6%26.5%1.51n/a
Ambarella Inc. AMBA$2.7 billionn/a-9.1%-14.9%20.0%0.00n/a
AXT Inc. AXTI$2.6 billion1,965.250.5%3.1%45.8%0.09n/a
Nlight, Inc. LASR$2.6 billionn/a-2.9%-6.0%39.6%0.00n/a
Power Integrations Inc. POWI$2.5 billion55.666.4%8.4%2.3%0.001.9%
Benchmark Electronics Inc. BHE$2.3 billion41.135.0%3.5%12.9%0.141.1%
Ultra Clean Holdings, Inc. UCTT$2.1 billion81.863.7%4.3%15.8%0.87n/a
Vicor Corp. VICR$1.9 billion42.3319.9%24.9%27.0%0.00n/a
CTS Corp. CTS$1.8 billion24.3212.6%17.0%7.4%0.090.3%
Navitas Semiconductor Corp. NVTS$1.7 billionn/a-42.9%-323.5%-28.6%0.00n/a
Photronics Inc. PLAB$1.6 billion9.9012.9%22.5%1.2%0.00n/a
Solaredge Technologies, Inc. SEDG$1.6 billionn/a-54.0%-9.2%26.1%0.79n/a
Nextnav Inc. NN$1.4 billionn/a-33.4%-1,900.4%-36.5%0.00n/a
Wolfspeed, Inc. WOLF$1.4 billionn/a-69.6%-80.3%-18.0%2.09n/a
Shoals Technologies Group, Inc. SHLS$1.4 billion35.335.9%11.2%49.2%0.26n/a
Ichor Holdings, Ltd. ICHR$1.3 billion704.800.4%1.7%15.2%0.13n/a
Napco Security Technologies, Inc. NSSC$1.1 billion25.5222.1%22.7%8.7%0.001.9%
Ambiq Micro, Inc. AMBQ$1.1 billionn/a-8.6%-36.0%n/a0.00n/a
Harmonic Inc. HLIT$1.1 billionn/an/an/an/a0.09n/a
BlackSky Technology Inc. BKSY$981 millionn/a-14.0%-22.8%29.9%0.96n/a
Arteris, Inc. AIP$947 millionn/a-63.3%-46.2%41.0%n/an/a
Alpha & Omega Semiconductor Ltd. AOSL$857 millionn/a-5.8%-7.1%-3.2%0.000.0%
Varex Imaging Corp. VREX$778 million35.484.5%8.3%5.3%0.70n/a
Array Technologies, Inc. ARRY$729 millionn/an/a-8.2%-15.9%n/an/a
Unusual Machines, Inc. UMAC$631 millionn/a-9.0%-76.1%425.2%0.00n/a
Vishay Precision Group, Inc. VPG$604 millionn/a-1.0%1.1%11.6%0.05n/a
Kopin Corp. KOPN$603 millionn/a0.7%-30.1%9.3%0.00n/a
T1 Energy Inc. TE$581 millionn/a-190.1%-22.4%427.0%2.730.0%
Lightpath Technologies Inc. LPTH$561 millionn/a-12.8%-24.9%76.5%0.00n/a
indie Semiconductor, Inc. INDI$551 millionn/a-52.5%-59.3%13.9%1.50n/a
Kimball Electronics, Inc. KE$466 million23.153.5%4.4%-1.5%0.40n/a
Methode Electronics Inc. MEI$423 millionn/a-5.5%0.4%1.4%0.471.7%
Clearfield, Inc. CLFD$410 millionn/a-2.9%-0.2%-1.4%0.00n/a
NVE Corp. NVEC$390 million21.8330.8%61.6%24.1%0.005.0%
Adtran Holdings, Inc. ADTN$358 millionn/a-20.9%0.0%10.1%2.32n/a
Everspin Technologies Inc. MRAM$308 millionn/a-3.6%-15.5%20.9%0.010.0%
Turtle Beach Corp. TBCH$298 millionn/a-0.6%3.2%-13.0%0.93n/a
M-tron Industries, Inc. MPTI$283 million23.988.0%18.5%11.8%0.00n/a
Nano Dimension Ltd. NNDM$266 millionn/a-34.4%-117.3%n/a0.04n/a
BK Technologies Corp. BKTI$259 million20.2226.2%17.9%15.7%0.00n/a
Aviat Networks, Inc. AVNW$204 millionn/a-0.2%3.4%-4.2%0.32n/a
Vuzix Corp. VUZI$165 millionn/a-145.3%-521.9%6.8%0.00n/a
Quicklogic Corp. QUIK$151 millionn/an/an/an/a0.24n/a
Espey MFG & Electronics Corp. ESP$143 million12.2018.5%25.1%4.9%0.002.1%
Aeluma, Inc. ALMU$142 millionn/a-16.1%-228.3%-4.4%0.00n/a
GCT Semiconductor Holding, Inc. GCTS$132 millionn/an/a-852.0%-32.8%n/an/a
GSI Technology Inc. GSIT$123 millionn/a-22.8%-100.8%2.9%0.00n/a
Atomera Inc. ATOM$113 millionn/a-69.6%-10,969.4%476.3%0.00n/a
Magnachip Semiconductor Corp. MX$96 millionn/a-12.3%-24.2%-12.8%0.19n/a
Kulr Technology Group, Inc. KULR$93 millionn/a-116.0%-276.0%-0.4%0.00n/a
R F Industries Ltd. RFIL$79 million32.936.3%4.6%13.0%0.15n/a
Inseego Corp. INSG$70 millionn/an/a-10.4%-3.6%n/an/a
AmpliTech Group, Inc. AMPG$64 millionn/a-17.1%-34.7%24.2%0.00n/a
Tigo Energy, Inc. TYGO$54 million4.0627.3%-3.7%15.3%0.05n/a
LGL Group Inc. LGL$43 millionn/a-0.5%-21.8%9.3%0.00n/a
72 companies share its SEC industry code (Semiconductors & Related Devices); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202516 April 2026EDGAR
20-F31 December 202417 April 2025EDGAR
20-F31 December 202318 April 2024EDGAR
20-F31 December 202220 April 2023EDGAR
20-F31 December 202114 April 2022EDGAR
20-F31 December 202016 April 2021EDGAR
20-F31 December 201915 April 2020EDGAR
20-F31 December 201817 April 2019EDGAR
20-F31 December 201719 April 2018EDGAR
20-F31 December 201613 April 2017EDGAR
20-F31 December 201511 April 2016EDGAR
20-F31 December 201413 April 2015EDGAR