U.S. Movers: GE Aerospace, TSMC

Scott Peters
17 Jul, 2025
New York City

Taiwan Semiconductor Manufacturing Company increased 3.1% to $244.96 after the chip manufacturer reported sharply higher sales and earnings in the second quarter.

The company's sales surged more than 38%, and net income advanced 61%, driven in large part because of solid demand for its advanced chips used in artificial intelligence applications.

Revenue climbed to NT$933.8 billion from NT$673.5 billion, net earnings soared to NT$398.3 billion from NT$247.8 billion, and diluted earnings per share increased to NT$15.36 from NT$9.56 a year ago. 

TSMC guided third-quarter revenues to be between $31.8 billion and $33.0 billion, an increase of 38% from a year ago and a rise of 8% from the second quarter.

The company estimated a gross profit margin between 55.5% and 57.5% and an operating profit margin between 45.5% and 47.5%.

GE Aerospace advanced 0.6% to $267.77 after the industrial engineering company reported a 54% increase in net income in the June quarter.

Consolidated revenue in the quarter increased to $11 billion from $9.1 billion, net income jumped to $2 billion from $1.3 billion, and diluted earnings per share rose to $1.89 from $1.15 a year ago.

For the six-month period, revenue advanced to $21 billion from $18 billion, net income soared to $4 billion from $3.1 billion, and diluted earnings per share edged higher to $3.73 from $2.55 a year ago.

The company plans to increase its capital return to shareholders by 20% between 2024 and 2026, reaching around $24 billion. 

After 2026, it expects to keep returning at least 70% of its free cash flow to shareholders through dividends and stock buybacks.

GE Aerospace guided full-year revenue to be between $7.8 billion and $8.5 billion and diluted earnings per share between $5.10 and $5.80.

GE Aerospace Chairman and CEO H. Lawrence Culp, Jr., said, “The GE Aerospace team delivered an excellent second quarter with free cash flow nearly doubling and more than 20% growth in orders, revenue, operating profit, and EPS. We are raising our 2025 guidance."

The company's order backlog at the end of the quarter increased to $175 billion.