{ "ticker": "TSM", "reference_close": "2026-09-11", "analysis_path": "data/analyses-data/TSM.json", "analysis_sha256": "8c8a6c8c7a6af7a0eb210636c91ad715f877be17bffdd24f86bd9ce8fd4ad574", "editorial_assessment": { "kind": "editorial_judgment_v1", "attribution": "Jugement éditorial de l’agent de rédaction; ce n’est ni une observation de marché ni une évaluation humaine.", "total": 82, "components": { "business_quality": 30, "growth": 19, "balance_sheet": 14, "valuation": 12, "capital_and_governance_risk": 7 }, "rationale": "La note sépare qualité économique, croissance attestée, bilan rapproché en TWD/ADS, valorisation réalisée et risques de capital/gouvernance; elle n’utilise ni prix, ni RSI, ni objectif de cours." }, "claims": [ { "path": "meta.version", "value": 3, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/version" }, { "path": "meta.statusHistory.0.close", "value": 428.9100036621094, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/statusHistory/0/close" }, { "path": "meta.lastEvent.close", "value": 415.32000732421875, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/lastEvent/close" }, { "path": "header.price", "value": 433.24, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/price" }, { "path": "header.changePct", "value": 1.2172044015606565, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/changePct" }, { "path": "header.metrics.beta", "value": 1.247, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/metrics/beta" }, { "path": "verdict.score", "value": 82, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/score" }, { "path": "earnings.quarters.0.epsActual", "value": 2.92, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/0/epsActual" }, { "path": "earnings.quarters.0.epsEstimate", "value": 2.62516, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/0/epsEstimate" }, { "path": "earnings.quarters.1.epsActual", "value": 3.14, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/1/epsActual" }, { "path": "earnings.quarters.1.epsEstimate", "value": 2.97556, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/1/epsEstimate" }, { "path": "earnings.quarters.2.epsActual", "value": 3.49, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/2/epsActual" }, { "path": "earnings.quarters.2.epsEstimate", "value": 3.33393, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/2/epsEstimate" }, { "path": "earnings.quarters.3.epsActual", "value": 4.31, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/3/epsActual" }, { "path": "earnings.quarters.3.epsEstimate", "value": 3.88658, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/3/epsEstimate" }, { "path": "earnings.beatStreak", "value": 4, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/beatStreak" }, { "path": "technicals.rsi14", "value": 56.88589349418199, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/rsi14" }, { "path": "technicals.macd", "value": 3.5995117024828005, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/macd" }, { "path": "technicals.macdSignal", "value": 1.8504088741682456, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/macdSignal" }, { "path": "technicals.ema20", "value": 423.445746511573, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/ema20" }, { "path": "technicals.ema50", "value": 419.90148083325624, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/ema50" }, { "path": "technicals.ema200", "value": 375.0888600921259, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/ema200" }, { "path": "technicals.atr14", "value": 11.184287768269026, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/atr14" }, { "path": "technicals.supports.0", "value": 423.445746511573, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/supports/0" }, { "path": "technicals.supports.1", "value": 419.90148083325624, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/supports/1" }, { "path": "technicals.supports.2", "value": 375.0888600921259, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/supports/2" }, { "path": "technicals.resistances.0", "value": 444.29, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/resistances/0" }, { "path": "technicals.resistances.1", "value": 479, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/resistances/1" }, { "path": "risks.riskScore", "value": 6, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/riskScore" }, { "path": "tradeIdea.entry", "value": 426, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/entry" }, { "path": "tradeIdea.stop", "value": 408.09, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/stop" }, { "path": "tradeIdea.tp1", "value": 465.73, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/tp1" }, { "path": "blastRadius.groups.0.order", "value": 1, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/order" }, { "path": "blastRadius.groups.0.symbols.0.return5d", "value": -4.447320834896418, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/0/return5d" }, { "path": "blastRadius.groups.0.symbols.0.return21d", "value": -2.588202324156519, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/0/return21d" }, { "path": "blastRadius.groups.0.symbols.0.correlation", "value": 0.651038881422683, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/0/correlation" }, { "path": "blastRadius.groups.0.symbols.0.beta", "value": 0.5908890233875909, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/0/beta" }, { "path": "blastRadius.groups.0.symbols.0.r2", "value": 0.42385162512409824, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/0/r2" }, { "path": "blastRadius.groups.0.symbols.0.observations", "value": 124, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/0/observations" }, { "path": "blastRadius.groups.0.symbols.1.return5d", "value": 13.14670291125919, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/1/return5d" }, { "path": "blastRadius.groups.0.symbols.1.return21d", "value": 6.874724468292404, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/1/return21d" }, { "path": "blastRadius.groups.0.symbols.2.return5d", "value": 3.165497492118008, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/2/return5d" }, { "path": "blastRadius.groups.0.symbols.2.return21d", "value": -6.174894129779185, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/2/return21d" }, { "path": "blastRadius.groups.0.symbols.3.return5d", "value": 12.294220894753893, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/3/return5d" }, { "path": "blastRadius.groups.0.symbols.3.return21d", "value": 1.971373919142061, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/3/return21d" }, { "path": "blastRadius.groups.0.symbols.3.correlation", "value": 0.6040067005338239, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/3/correlation" }, { "path": "blastRadius.groups.0.symbols.3.beta", "value": 1.1618981131395911, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/3/beta" }, { "path": "blastRadius.groups.0.symbols.3.r2", "value": 0.36482409428975643, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/3/r2" }, { "path": "blastRadius.groups.0.symbols.3.observations", "value": 124, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/3/observations" }, { "path": "blastRadius.groups.1.order", "value": 1, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/order" }, { "path": "blastRadius.groups.1.symbols.0.return5d", "value": 1.8998154855463634, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/0/return5d" }, { "path": "blastRadius.groups.1.symbols.0.return21d", "value": -8.552300926773448, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/0/return21d" }, { "path": "blastRadius.groups.1.symbols.1.return5d", "value": 4.452411240892795, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/1/return5d" }, { "path": "blastRadius.groups.1.symbols.1.return21d", "value": -13.258103241296526, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/1/return21d" }, { "path": "blastRadius.groups.1.symbols.2.return5d", "value": 10.204751181830375, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/2/return5d" }, { "path": "blastRadius.groups.1.symbols.2.return21d", "value": -6.943694909156339, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/2/return21d" }, { "path": "blastRadius.groups.1.symbols.3.return5d", "value": 9.576314738118331, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/3/return5d" }, { "path": "blastRadius.groups.1.symbols.3.return21d", "value": -8.443157132512669, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/3/return21d" }, { "path": "blastRadius.groups.1.symbols.3.correlation", "value": 0.6142569972313481, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/3/correlation" }, { "path": "blastRadius.groups.1.symbols.3.beta", "value": 1.1985464095285954, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/3/beta" }, { "path": "blastRadius.groups.1.symbols.3.r2", "value": 0.37731165864767235, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/3/r2" }, { "path": "blastRadius.groups.1.symbols.3.observations", "value": 124, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/3/observations" }, { "path": "blastRadius.groups.2.order", "value": 2, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/order" }, { "path": "blastRadius.groups.2.symbols.0.return5d", "value": 1.23704373329383, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/0/return5d" }, { "path": "blastRadius.groups.2.symbols.0.return21d", "value": 9.932175351530192, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/0/return21d" }, { "path": "blastRadius.groups.2.symbols.0.correlation", "value": 0.030565451303983904, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/0/correlation" }, { "path": "blastRadius.groups.2.symbols.0.beta", "value": 0.019318358800055033, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/0/beta" }, { "path": "blastRadius.groups.2.symbols.0.r2", "value": 0.0009342468134162114, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/0/r2" }, { "path": "blastRadius.groups.2.symbols.0.observations", "value": 124, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/0/observations" }, { "path": "blastRadius.groups.2.symbols.1.return5d", "value": 7.949219908643301, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/1/return5d" }, { "path": "blastRadius.groups.2.symbols.1.return21d", "value": 11.590114674679587, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/1/return21d" }, { "path": "blastRadius.groups.2.symbols.1.correlation", "value": 0.2792639802918698, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/1/correlation" }, { "path": "blastRadius.groups.2.symbols.1.beta", "value": 0.41274540417096267, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/1/beta" }, { "path": "blastRadius.groups.2.symbols.1.r2", "value": 0.07798837068845783, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/1/r2" }, { "path": "blastRadius.groups.2.symbols.1.observations", "value": 124, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/1/observations" }, { "path": "blastRadius.groups.2.symbols.2.return5d", "value": 1.352335087915768, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/2/return5d" }, { "path": "blastRadius.groups.2.symbols.2.return21d", "value": -12.993609660764239, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/2/return21d" }, { "path": "blastRadius.groups.2.symbols.2.correlation", "value": 0.5798513224079276, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/2/correlation" }, { "path": "blastRadius.groups.2.symbols.2.beta", "value": 0.6358897884417299, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/2/beta" }, { "path": "blastRadius.groups.2.symbols.2.r2", "value": 0.33622755609822236, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/2/r2" }, { "path": "blastRadius.groups.2.symbols.2.observations", "value": 124, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/2/observations" }, { "path": "blastRadius.groups.3.order", "value": 2, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/order" }, { "path": "blastRadius.groups.3.symbols.0.return5d", "value": 2.882754774295093, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/0/return5d" }, { "path": "blastRadius.groups.3.symbols.0.return21d", "value": -2.7871347229109444, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/0/return21d" }, { "path": "blastRadius.groups.3.symbols.1.return5d", "value": 4.952210274790936, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/1/return5d" }, { "path": "blastRadius.groups.3.symbols.1.return21d", "value": -3.574743157780347, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/1/return21d" }, { "path": "blastRadius.groups.3.symbols.1.correlation", "value": 0.7948803649718867, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/1/correlation" }, { "path": "blastRadius.groups.3.symbols.1.beta", "value": 0.9844824313589408, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/1/beta" }, { "path": "blastRadius.groups.3.symbols.1.r2", "value": 0.6318347946178399, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/1/r2" }, { "path": "blastRadius.groups.3.symbols.1.observations", "value": 124, "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/3/symbols/1/observations" }, { "path": "meta.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/date" }, { "path": "meta.dateDisplay", "value": "12 septembre 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/dateDisplay" }, { "path": "meta.lastMcpRefresh", "value": "2026-09-12T16:34:00.188Z", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/lastMcpRefresh" }, { "path": "meta.description", "value": "TSM reste en watch : les revenus d’août progressent de 53,3 %, mais la marge brute guidée à 65–67 % contre 67,7 % au T2 impose de ne pas poursuivre le cours. L’invalidation de recherche reste définie à la clôture.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/description" }, { "path": "meta.levelsVerifiedAt", "value": "2026-09-12T16:34:00.188Z", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/levelsVerifiedAt" }, { "path": "meta.levelsCloseDate", "value": "2026-09-11", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/levelsCloseDate" }, { "path": "meta.statusHistory.0.at", "value": "2026-09-05T07:47:22.940Z", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/statusHistory/0/at" }, { "path": "meta.statusHistory.0.note", "value": "entrée déclenchée en clôture le 2026-08-31", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/statusHistory/0/note" }, { "path": "meta.lastEvent.date", "value": "2026-08-31", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/meta/lastEvent/date" }, { "path": "header.metrics.marketCap", "value": "$2.25T — ADS MCP × clôture, snapshot 2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/metrics/marketCap" }, { "path": "header.metrics.volume", "value": "10.5M", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/metrics/volume" }, { "path": "header.metrics.range52w", "value": "$257.98 – $479.00", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/metrics/range52w" }, { "path": "header.metrics.shortInterest", "value": "0.62%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/metrics/shortInterest" }, { "path": "header.metrics.analystTarget", "value": "$552.38", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/header/metrics/analystTarget" }, { "path": "verdict.summary", "value": "TSM fabrique des puces pour des clients tiers qui externalisent leur production. Le catalyseur le plus récent est le 6-K du 10 septembre : TWD 514.806bn de revenus d’août, +53.3% annuel et +10.1% mensuel. Il soutient la demande, sans justifier d’annualiser un mois. Le contre-argument déterminant est la guidance T3 : marge brute 65–67% contre 67.7% au T2, alors que les rampes et capacités hors Taïwan peuvent peser. À $433.24 le 11 septembre, TSM reste au-dessus de l’entrée historique $426.00 et de l’invalidation de recherche $408.09. La note B+ décrit la qualité opérationnelle; « watch » signifie qu’aucune nouvelle exécution n’est affirmée et qu’une information de marge ou de continuité industrielle impose une revue. Les ratios bruts du fournisseur sont exclus; le pont ADS/TWD est utilisé seulement dans le scénario explicite ci-dessous.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/summary" }, { "path": "verdict.whyBuy.0", "value": "Revenus d’août : TWD 514.806bn, +53.3% annuel et +10.1% mensuel (6-K du 10 septembre).", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyBuy/0" }, { "path": "verdict.whyBuy.1", "value": "RSI 56.9 et cours au-dessus des EMA vingt, cinquante et deux-cents séances.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyBuy/1" }, { "path": "verdict.whyBuy.2", "value": "T2 : chiffre d’affaires $40.20bn, BPA dilué $4.31 et marge brute 67.7%, selon le 6-K primaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyBuy/2" }, { "path": "verdict.whyBuy.3", "value": "Sur vingt-et-une séances, TSM +0.95% contre SOXX -3.57%; comparaison descriptive, pas attribution au chiffre d’août.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyBuy/3" }, { "path": "verdict.whyAvoid.0", "value": "Guidance T3 : chiffre d’affaires $44.6–45.8bn, marge brute 65–67% et marge opérationnelle 56–58%; la baisse de marge est le test suivant.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyAvoid/0" }, { "path": "verdict.whyAvoid.1", "value": "ATR 11.18 : un gap peut traverser une invalidation théorique.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyAvoid/1" }, { "path": "verdict.whyAvoid.2", "value": "Les ratios bruts VE 4.92x et prix/valeur comptable 88.66x sont écartés car leurs unités fournisseur ne sont pas cohérentes.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyAvoid/2" }, { "path": "verdict.whyAvoid.3", "value": "Le 15 octobre est une estimation fournisseur; le calendrier officiel consulté ne confirme pas une date de résultats T3. Le prochain événement officiel annoncé est la publication des revenus de septembre le 8 octobre.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyAvoid/3" }, { "path": "verdict.whyAvoid.4", "value": "Le P/E réalisé 31.26x se situe au 95e percentile des 40 séances post-T2 (médiane 30.11x). La croissance d’août soutient la demande, mais la marge T3 guidée à 65–67% contre 67.7% au T2 justifie d’attendre une confirmation plutôt que de poursuivre.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/verdict/whyAvoid/4" }, { "path": "business.overview", "value": "

TSM fabrique des circuits intégrés pour des clients qui externalisent la production. Son rôle se situe au cœur de la chaîne des puces avancées : la valeur dépend de la capacité à convertir les plans de production en rendements industriels, puis à allouer cette capacité entre informatique haute performance, mobile, automobile et électronique grand public. Cette position rend la société sensible aux dépenses de ses clients, à la disponibilité des équipements et à la vitesse d’adoption des nœuds de fabrication.

Le moteur économique n’est pas seulement l’IA. Les produits utilisés dans les smartphones, les serveurs et l’automobile partagent les mêmes usines mais n’ont ni le même cycle ni la même visibilité. Le 6-K T2 indique que les nœuds avancés représentaient 77% du chiffre d’affaires des wafers; cela décrit un mix technologique, pas des segments comptables publiés. Pour l’investisseur particulier, la lecture utile reste l’utilisation des capacités, la discipline de prix et les investissements de capacité.

Le principal avantage est une base de procédés, d’ingénierie et de relations clients difficile à reproduire. Il reste conditionnel : une perturbation géopolitique, une erreur d’exécution sur une rampe technologique ou une réduction des commandes peuvent toucher simultanément les volumes, les marges et le besoin de capex. La présente analyse sépare ce risque industriel de la géométrie du suivi ADR.

Couverture des facettes collectées
FacetteÉtatLecture retenue
État du marchéDisponibleClôture de référence
Instrument et profilDisponibleADR identifié
FondamentauxPartielSnapshot sans période sur certains champs
RentabilitéDisponibleRésultats T2 primaires
Structure du capitalPartielPont ADS/TWD explicite
RésultatsDisponiblePublication primaire relue
Réactions aux résultatsPartielContexte, pas causalité
AnalystesDisponibleSnapshot secondaire
Technique quotidienneDisponibleNiveaux datés
Technique intradayIndisponibleAucun fill affirmé
OptionsDisponibleContexte seulement
Short et empruntPartielPas de thèse squeeze
Volume FINRAPartielJamais relabelisé dark pool
Dépôts SECDisponibleCorpus primaire hashé
InitiésPartielADR/local non comparable
Détention institutionnellePartielCouverture secondaire
Sentiment socialIndisponibleAucun score substitué
ActualitésDisponible6-K récent intégré
SaisonnalitéPartielNon décisive
Pairs et corrélationsDisponibleSéries complètes seulement
Calendrier événementielPartielDates comparateurs secondaires
Régime de marchéDisponibleContexte, non causalité
Risque de capitalPartielDépôts et offre historiques distingués
", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/overview" }, { "path": "business.segments.0.detail", "value": "Le 6-K T2 indique 77% du chiffre d’affaires des wafers sur les nœuds avancés; le dossier ne reconstitue pas de segment reporté.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/segments/0/detail" }, { "path": "business.sourceRefs.0.name", "value": "TSMC 20-F — 0001628280-26-025362", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/sourceRefs/0/name" }, { "path": "business.sourceRefs.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/sourceRefs/0/url" }, { "path": "business.sourceRefs.0.date", "value": "2026-04-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/sourceRefs/0/date" }, { "path": "business.sourceRefs.1.name", "value": "TSMC 6-K résultats T2 — 0001046179-26-000451", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/sourceRefs/1/name" }, { "path": "business.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000451/a2q26e_withguidancexfinal.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/sourceRefs/1/url" }, { "path": "business.sourceRefs.1.date", "value": "2026-07-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/business/sourceRefs/1/date" }, { "path": "news.0.date", "value": "2026-09-10", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/0/date" }, { "path": "news.0.title", "value": "Revenus d’août communiqués en 6-K", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/0/title" }, { "path": "news.0.sourceUrl", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000658/tsm-revenue20260910.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/0/sourceUrl" }, { "path": "news.0.detail", "value": "Le 6-K rapporte TWD 514.806bn de revenus d’août, +53.3% annuel et +10.1% mensuel. Sur vingt-et-une séances, TSM +0.9531% contre SOXX -3.5747%, soit +4.5278 points; cette fenêtre commence le 12 août et ne prouve pas une causalité mensuelle.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/0/detail" }, { "path": "news.1.date", "value": "2026-07-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/1/date" }, { "path": "news.1.title", "value": "Résultats T2 et guidance T3", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/1/title" }, { "path": "news.1.sourceUrl", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000451/a2q26e_withguidancexfinal.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/1/sourceUrl" }, { "path": "news.1.detail", "value": "T2 : $40.20bn de chiffre d’affaires, BPA dilué $4.31 et marge brute 67.7%. Guidance T3 : $44.6–45.8bn, marge brute 65–67%, marge opérationnelle 56–58% et FX 32 TWD/USD.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/1/detail" }, { "path": "news.2.date", "value": "2026-10-08", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/2/date" }, { "path": "news.2.detail", "value": "Événement officiel de calendrier; il teste la continuité des revenus mensuels sans confirmer à lui seul la marge ni la date des résultats T3.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/2/detail" }, { "path": "news.3.date", "value": "2026-04-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/3/date" }, { "path": "news.3.title", "value": "Rapport annuel 20-F", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/3/title" }, { "path": "news.3.sourceUrl", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/news/3/sourceUrl" }, { "path": "fundamentals.rows.0.value", "value": "TWD 4.44T", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/0/value" }, { "path": "fundamentals.rows.0.signal", "value": "La croissance +36.0% se rapporte au T2 confirmé, pas à ce total sans période", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/0/signal" }, { "path": "fundamentals.rows.0.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/0/source" }, { "path": "fundamentals.rows.1.value", "value": "TWD 3.17T", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/1/value" }, { "path": "fundamentals.rows.1.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/1/source" }, { "path": "fundamentals.rows.2.value", "value": "64.2%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/2/value" }, { "path": "fundamentals.rows.2.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/2/source" }, { "path": "fundamentals.rows.3.value", "value": "60.3%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/3/value" }, { "path": "fundamentals.rows.3.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/3/source" }, { "path": "fundamentals.rows.4.value", "value": "49.9%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/4/value" }, { "path": "fundamentals.rows.4.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/4/source" }, { "path": "fundamentals.rows.5.value", "value": "40.0%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/5/value" }, { "path": "fundamentals.rows.5.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/5/source" }, { "path": "fundamentals.rows.6.value", "value": "TWD 3.52T", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/6/value" }, { "path": "fundamentals.rows.6.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/6/source" }, { "path": "fundamentals.rows.7.value", "value": "TWD 1.07T", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/7/value" }, { "path": "fundamentals.rows.7.source", "value": "MCP financials, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/7/source" }, { "path": "fundamentals.rows.8.signal", "value": "20 analystes observés le 12 septembre", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/8/signal" }, { "path": "fundamentals.rows.8.source", "value": "MCP analyst trend, 2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/8/source" }, { "path": "fundamentals.rows.9.value", "value": "$552.38", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/9/value" }, { "path": "fundamentals.rows.9.source", "value": "MCP analyst trend, 2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/9/source" }, { "path": "fundamentals.rows.10.value", "value": "$13.86", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/10/value" }, { "path": "fundamentals.rows.10.signal", "value": "3Q2025–2Q2026, quatre BPA ADS MCP; non prévisionnel.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/10/signal" }, { "path": "fundamentals.rows.10.source", "value": "MCP earnings_quarterly, snapshot 12 septembre", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/10/source" }, { "path": "fundamentals.rows.11.value", "value": "31.26x", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/11/value" }, { "path": "fundamentals.rows.11.signal", "value": "Trailing 3Q2025–2Q2026 : $433.24 / $13.86 de BPA ADS sur quatre trimestres reportés; sans projection.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/11/signal" }, { "path": "fundamentals.rows.12.metric", "value": "P/E historique post-T2", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/12/metric" }, { "path": "fundamentals.rows.12.value", "value": "27.03x / 30.11x / 31.67x", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/12/value" }, { "path": "fundamentals.rows.12.signal", "value": "Du 17 juillet au 11 septembre 2026, 40 séances et BPA ADS roulant constant de $13.86 : minimum / médiane / maximum. Le 28 août : $417.52, soit 30.12x; le 11 septembre : 31.26x, 95e percentile. Comparaison courte post-T2, pas moyenne de cycle.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/12/signal" }, { "path": "fundamentals.rows.13.metric", "value": "Sensibilité P/E réalisé 25x / 30x / 35x", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/13/metric" }, { "path": "fundamentals.rows.13.value", "value": "$346.50 / $415.80 / $485.10", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/13/value" }, { "path": "fundamentals.rows.13.signal", "value": "Scénario trailing 3Q2025–2Q2026 : $415.80 à 30x versus $433.24; plage d’analyse, ni consensus ni objectif.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/13/signal" }, { "path": "fundamentals.rows.14.value", "value": "18.0x", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/14/value" }, { "path": "fundamentals.rows.14.signal", "value": "Scénario secondaire daté 2026-09-12 : snapshot MCP sans période comptable fournie, FX 32 hypothétique; non utilisé pour le verdict.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/14/signal" }, { "path": "fundamentals.rows.14.source", "value": "MCP financials + 6-K T2", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/14/source" }, { "path": "fundamentals.rows.15.value", "value": "0.62%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/15/value" }, { "path": "fundamentals.rows.15.source", "value": "MCP stats, snapshot 2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/rows/15/source" }, { "path": "fundamentals.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/sourceRefs/0/date" }, { "path": "fundamentals.sourceRefs.1.name", "value": "TSMC 20-F — 0001628280-26-025362", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/sourceRefs/1/name" }, { "path": "fundamentals.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/sourceRefs/1/url" }, { "path": "fundamentals.sourceRefs.1.date", "value": "2026-04-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/sourceRefs/1/date" }, { "path": "fundamentals.sourceRefs.2.name", "value": "TSMC 6-K résultats T2 — 0001046179-26-000451", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/sourceRefs/2/name" }, { "path": "fundamentals.sourceRefs.2.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000451/a2q26e_withguidancexfinal.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/sourceRefs/2/url" }, { "path": "fundamentals.sourceRefs.2.date", "value": "2026-07-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/fundamentals/sourceRefs/2/date" }, { "path": "earnings.quarters.0.quarter", "value": "3Q2025", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/0/quarter" }, { "path": "earnings.quarters.0.surprise", "value": "11.2%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/0/surprise" }, { "path": "earnings.quarters.1.quarter", "value": "4Q2025", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/1/quarter" }, { "path": "earnings.quarters.1.surprise", "value": "5.5%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/1/surprise" }, { "path": "earnings.quarters.2.quarter", "value": "1Q2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/2/quarter" }, { "path": "earnings.quarters.2.surprise", "value": "4.7%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/2/surprise" }, { "path": "earnings.quarters.3.quarter", "value": "2Q2026", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/3/quarter" }, { "path": "earnings.quarters.3.surprise", "value": "10.9%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/quarters/3/surprise" }, { "path": "earnings.beatNote", "value": "T2 2026, 6-K du 16 juillet : chiffre d’affaires TWD 1,270.38bn ($40.20bn), BPA dilué $4.31, marge brute 67.7%, marge opérationnelle 60.3% et marge nette 55.6%. La guidance T3 est $44.6–45.8bn de chiffre d’affaires, marge brute 65–67%, marge opérationnelle 56–58% et hypothèse 32 TWD/USD. Les quatre surprises du fournisseur, récupérées le 12 septembre, sont positives (moyenne 8.1%); elles ne constituent pas un test point-in-time avant chaque publication et ne remplacent ni ces résultats reportés ni la confirmation future de marge. La date de résultats T3 est not confirmed dans le calendrier officiel consulté; le 15 octobre est une estimation fournisseur. Le prochain jalon officiel est la publication des revenus de septembre le 8 octobre.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/beatNote" }, { "path": "earnings.nextEarnings", "value": "Not confirmed — estimation fournisseur 2026-10-15; aucune date officielle de résultats T3 annoncée au 2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/nextEarnings" }, { "path": "earnings.sourceRefs.0.name", "value": "TSMC 6-K résultats T2 — 0001046179-26-000451", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/sourceRefs/0/name" }, { "path": "earnings.sourceRefs.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000451/a2q26e_withguidancexfinal.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/sourceRefs/0/url" }, { "path": "earnings.sourceRefs.0.date", "value": "2026-07-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/sourceRefs/0/date" }, { "path": "earnings.sourceRefs.1.name", "value": "TSMC 6-K revenus août — 0001046179-26-000658", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/sourceRefs/1/name" }, { "path": "earnings.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000658/tsm-revenue20260910.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/sourceRefs/1/url" }, { "path": "earnings.sourceRefs.1.date", "value": "2026-09-10", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/sourceRefs/1/date" }, { "path": "earnings.sourceRefs.2.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/earnings/sourceRefs/2/date" }, { "path": "insiders.institutionPct", "value": "15.5%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/insiders/institutionPct" }, { "path": "insiders.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/insiders/sourceRefs/0/date" }, { "path": "capitalStructure.sharesOutstanding", "value": "5.19B ADS dans le snapshot MCP; 20-F : un ADS représente cinq actions ordinaires", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalStructure/sharesOutstanding" }, { "path": "capitalStructure.shareHistory", "value": "Le 20-F vérifié atteste le ratio de cinq actions ordinaires par ADS et la publication des états en TWD. Pour 2025, il donne une moyenne pondérée de 25,928.3 millions d’actions ordinaires pour le BPA de base et de 25,930.6 millions pour le BPA dilué, dont 2.3 millions d’actions potentielles dilutives. Cette moyenne historique ne mesure pas une dilution pleinement diluée courante, qui reste indisponible dans les sources relues. Le nombre MCP de 5.19B ADS est proche de 25.93B actions ordinaires divisé par cinq, mais sa date de snapshot diffère du 20-F : c’est un pont d’unités, non une capitalisation harmonisée. Les ratios bruts fournisseur VE/PB sont donc rejetés; le P/E réalisé repose séparément sur quatre BPA ADS publiés. Les 424B5 de 2021 et 2022 sont des prospectus préliminaires de dette TSMC Arizona, pas des émissions d’ADS; aucun effet actuel de dilution n’est inféré.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalStructure/shareHistory" }, { "path": "capitalStructure.sourceRefs.0.name", "value": "TSMC 20-F — 0001628280-26-025362", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalStructure/sourceRefs/0/name" }, { "path": "capitalStructure.sourceRefs.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalStructure/sourceRefs/0/url" }, { "path": "capitalStructure.sourceRefs.0.date", "value": "2026-04-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalStructure/sourceRefs/0/date" }, { "path": "capitalStructure.sourceRefs.1.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalStructure/sourceRefs/1/date" }, { "path": "filingsReview.summary", "value": "Le corpus primaire cité comprend le 20-F, les 6-K de résultats T2, d’ajustement de dividende et de revenus d’août, ainsi que deux prospectus 424B5 historiques. Les ratios bruts fournisseur sont rejetés; le P/E réalisé est présenté séparément avec sa période et ses intrants.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/summary" }, { "path": "filingsReview.filings.0.date", "value": "2026-04-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/0/date" }, { "path": "filingsReview.filings.0.form", "value": "20-F", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/0/form" }, { "path": "filingsReview.filings.0.accession", "value": "0001628280-26-025362", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/0/accession" }, { "path": "filingsReview.filings.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/0/url" }, { "path": "filingsReview.filings.0.finding", "value": "Le rapport annuel établit que chaque ADS représente cinq actions ordinaires et que les états financiers sont publiés en TWD. Pour 2025, la moyenne pondérée est 25,928.3 millions d’actions de base et 25,930.6 millions diluées, avec 2.3 millions d’actions potentielles dilutives. La direction a conclu à l’efficacité du contrôle interne sur l’information financière au 31 décembre 2025; Deloitte & Touche a fourni une attestation. Le dossier ne tire aucune conclusion sur la continuité d’exploitation à partir du silence du document.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/0/finding" }, { "path": "filingsReview.filings.1.date", "value": "2026-07-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/1/date" }, { "path": "filingsReview.filings.1.form", "value": "6-K", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/1/form" }, { "path": "filingsReview.filings.1.accession", "value": "0001046179-26-000451", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/1/accession" }, { "path": "filingsReview.filings.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000451/a2q26e_withguidancexfinal.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/1/url" }, { "path": "filingsReview.filings.1.finding", "value": "Le 6-K T2 rapporte TWD 1,270.38bn ($40.20bn) de chiffre d’affaires, BPA dilué $4.31 et marge brute 67.7%. Sa guidance T3 indique $44.6–45.8bn, marge brute 65–67%, marge opérationnelle 56–58% et hypothèse 32 TWD/USD; elle ne confirme pas une date de publication T3.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/1/finding" }, { "path": "filingsReview.filings.2.date", "value": "2026-09-10", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/2/date" }, { "path": "filingsReview.filings.2.form", "value": "6-K", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/2/form" }, { "path": "filingsReview.filings.2.accession", "value": "0001046179-26-000658", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/2/accession" }, { "path": "filingsReview.filings.2.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000658/tsm-revenue20260910.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/2/url" }, { "path": "filingsReview.filings.2.finding", "value": "Le 6-K de revenus mensuels rapporte TWD 514.806bn pour août, +53.3% annuel et +10.1% mensuel. C’est une observation mensuelle récente qui soutient la demande, mais elle n’est ni annualisée ni assimilée à une marge ou à une guidance complète.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/2/finding" }, { "path": "filingsReview.filings.3.date", "value": "2026-09-01", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/3/date" }, { "path": "filingsReview.filings.3.form", "value": "6-K", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/3/form" }, { "path": "filingsReview.filings.3.accession", "value": "0001046179-26-000552", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/3/accession" }, { "path": "filingsReview.filings.3.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000552/tsm-dividendadjustmentx202.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/3/url" }, { "path": "filingsReview.filings.3.finding", "value": "Ce 6-K ajuste le dividende du premier trimestre 2026 de NT$7.0 à NT$7.00000137 par action après reprise d’actions attribuées en 2024. Il ne s’agit ni d’une publication de résultats, ni d’une offre de financement, ni d’une preuve d’émission primaire actuelle.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/3/finding" }, { "path": "filingsReview.filings.4.date", "value": "2022-04-18", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/4/date" }, { "path": "filingsReview.filings.4.form", "value": "424B5 historique", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/4/form" }, { "path": "filingsReview.filings.4.accession", "value": "0001193125-22-108080", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/4/accession" }, { "path": "filingsReview.filings.4.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000119312522108080/d257631d424b5.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/4/url" }, { "path": "filingsReview.filings.4.finding", "value": "Prospectus préliminaire de dette de TSMC Arizona Corporation, garanti par TSMC; il porte sur des notes senior non garanties et laisse montant, coupons et échéances en blanc. Ce document historique ne prouve ni vente finalisée, ni dette actuelle, ni émission d’ADS ou dilution en 2026.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/4/finding" }, { "path": "filingsReview.filings.5.date", "value": "2021-10-18", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/5/date" }, { "path": "filingsReview.filings.5.form", "value": "424B5 historique", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/5/form" }, { "path": "filingsReview.filings.5.accession", "value": "0001193125-21-301154", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/5/accession" }, { "path": "filingsReview.filings.5.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000119312521301154/d133627d424b5.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/5/url" }, { "path": "filingsReview.filings.5.finding", "value": "Prospectus préliminaire de dette de TSMC Arizona Corporation, garanti par TSMC; il porte sur des notes senior non garanties et laisse montant, coupons et échéances en blanc. Ce document historique ne prouve ni vente finalisée, ni dette actuelle, ni émission d’ADS ou dilution en 2026.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/filings/5/finding" }, { "path": "filingsReview.contrarianRisks.2", "value": "La marge brute guidée à 65–67% au T3 contre 67.7% au T2 est un contre-argument observable au prochain rapport.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/filingsReview/contrarianRisks/2" }, { "path": "shortInterest.siPct", "value": "0.62%", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/shortInterest/siPct" }, { "path": "shortInterest.daysToCover", "value": "2.96", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/shortInterest/daysToCover" }, { "path": "shortInterest.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/shortInterest/sourceRefs/0/date" }, { "path": "options.callOI", "value": "136,766", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/options/callOI" }, { "path": "options.putOI", "value": "239,639", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/options/putOI" }, { "path": "options.cpRatio", "value": "0.57", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/options/cpRatio" }, { "path": "options.maxPain", "value": "$410.00", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/options/maxPain" }, { "path": "options.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/options/sourceRefs/0/date" }, { "path": "technicals.badges.0", "value": "RSI 56.9", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/badges/0" }, { "path": "technicals.badges.2", "value": "Niveaux certifiés au 11 septembre", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/badges/2" }, { "path": "technicals.setupNote", "value": "Suivi technique historique: l’entrée historique $426.00 et l’invalidation à la clôture $408.09 restent les repères; aucun ordre stop n’est affirmé; aucune poursuite au marché. Les indicateurs techniques courants décrivent la tendance, sans garantir le prochain mouvement.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/setupNote" }, { "path": "technicals.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/technicals/sourceRefs/0/date" }, { "path": "macro.indicators.0.value", "value": "corrélation actuelle 0.79", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/macro/indicators/0/value" }, { "path": "macro.indicators.1.signal", "value": "15 octobre : estimation fournisseur; 8 octobre : revenus mensuels officiellement annoncés", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/macro/indicators/1/signal" }, { "path": "macro.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/macro/sourceRefs/0/date" }, { "path": "macro.sourceRefs.1.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/macro/sourceRefs/1/date" }, { "path": "risks.riskCards.1.points.1", "value": "Signal observable : revenus mensuels, puis marge brute T3 publiée contre la guidance 65–67%.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/riskCards/1/points/1" }, { "path": "risks.riskCards.1.verdict", "value": "La marge brute T3 est le test direct du contre-argument, plutôt que la seule progression de revenus.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/riskCards/1/verdict" }, { "path": "risks.riskCards.2.points.1", "value": "Signal observable : publication officielle des revenus de septembre le 8 octobre, puis guidance de l’émetteur.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/riskCards/2/points/1" }, { "path": "risks.sourceRefs.0.name", "value": "TSMC 20-F — 0001628280-26-025362", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/0/name" }, { "path": "risks.sourceRefs.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/0/url" }, { "path": "risks.sourceRefs.0.date", "value": "2026-04-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/0/date" }, { "path": "risks.sourceRefs.1.name", "value": "TSMC 6-K résultats T2 — 0001046179-26-000451", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/1/name" }, { "path": "risks.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000451/a2q26e_withguidancexfinal.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/1/url" }, { "path": "risks.sourceRefs.1.date", "value": "2026-07-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/1/date" }, { "path": "risks.sourceRefs.2.name", "value": "TSMC 6-K revenus août — 0001046179-26-000658", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/2/name" }, { "path": "risks.sourceRefs.2.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000104617926000658/tsm-revenue20260910.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/2/url" }, { "path": "risks.sourceRefs.2.date", "value": "2026-09-10", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/2/date" }, { "path": "risks.sourceRefs.3.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/risks/sourceRefs/3/date" }, { "path": "social.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/social/sourceRefs/0/date" }, { "path": "performance.ytd", "value": "42.6% depuis le 31 décembre 2025", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/performance/ytd" }, { "path": "performance.oneYear", "value": "66.3% sur 252 séances", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/performance/oneYear" }, { "path": "performance.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/performance/sourceRefs/0/date" }, { "path": "capitalFlow.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalFlow/sourceRefs/0/date" }, { "path": "capitalFlow.sourceRefs.1.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/capitalFlow/sourceRefs/1/date" }, { "path": "tradeIdea.stopPct", "value": "-4.20% risque", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/stopPct" }, { "path": "tradeIdea.tp1Pct", "value": "9.33% objectif", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/tp1Pct" }, { "path": "tradeIdea.rr", "value": "1:2.22", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/rr" }, { "path": "tradeIdea.thesis", "value": "TSM demeure un suivi technique historique au-dessus de l’entrée $426.00; ce niveau ne justifie pas une poursuite automatique. Le niveau $408.09 est une invalidation de recherche à la clôture, pas un ordre stop; l’objectif $465.73 ne vaut que si la tendance se maintient. Attendre une séance liquide et éviter de chasser une ouverture en gap. La taille doit rester compatible avec l’ATR, le slippage possible et le risque de résultats ou de géopolitique.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/thesis" }, { "path": "tradeIdea.invalidation.0", "value": "Clôture sous $408.09 : invalidation de recherche historique, sans prétendre documenter un ordre ou un prix exécuté.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/invalidation/0" }, { "path": "tradeIdea.statusNote", "value": "Les métadonnées archivées sont contradictoires : statut « entrée déclenchée » à $428.91 et lastEvent à $415.32. Elles sont conservées sans les réconcilier; aucune exécution, ordre stop ni fill n’est affirmé.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/tradeIdea/statusNote" }, { "path": "globalScore.keyTakeawaysPositive.2", "value": "L’invalidation historique à la clôture reste non touchée au 11 septembre.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/globalScore/keyTakeawaysPositive/2" }, { "path": "blastRadius.asOf", "value": "2026-09-11", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/asOf" }, { "path": "blastRadius.observationTime", "value": "Contexte observé le 12 septembre 2026; clôtures de performance au 11 septembre.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/observationTime" }, { "path": "blastRadius.window", "value": "Cinq et vingt-et-une séances certifiées jusqu’au 11 septembre.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/window" }, { "path": "blastRadius.methodology", "value": "Les rendements à cinq et vingt-et-une séances sont calculés sur fenêtres récentes complètes. Pour la régression, chaque série est d’abord contrôlée pour l’intégrité des séances; seuls les comparateurs ayant exactement les mêmes séances américaines complètes que TSM du 16 mars au 11 septembre sont admis. La formule est une OLS des rendements logarithmiques du comparateur sur ceux de TSM, beta=covariance/variance et R²=corrélation au carré. Aucun remplissage ni pont de dates n’est appliqué. Les contextes sont observés le 12 septembre, pas reconstruits au 11 septembre.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/methodology" }, { "path": "blastRadius.groups.0.symbols.0.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 17 nov. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/0/eventRisk" }, { "path": "blastRadius.groups.0.symbols.1.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 3 nov. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/1/eventRisk" }, { "path": "blastRadius.groups.0.symbols.2.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 14 oct. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/2/eventRisk" }, { "path": "blastRadius.groups.0.symbols.3.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 22 oct. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/0/symbols/3/eventRisk" }, { "path": "blastRadius.groups.1.symbols.0.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 21 oct. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/0/eventRisk" }, { "path": "blastRadius.groups.1.symbols.1.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 28 oct. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/1/eventRisk" }, { "path": "blastRadius.groups.1.symbols.2.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 26 oct. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/2/eventRisk" }, { "path": "blastRadius.groups.1.symbols.3.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 4 nov. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/1/symbols/3/eventRisk" }, { "path": "blastRadius.groups.2.symbols.0.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 29 oct. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/0/eventRisk" }, { "path": "blastRadius.groups.2.symbols.1.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 29 oct. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/1/eventRisk" }, { "path": "blastRadius.groups.2.symbols.2.eventRisk", "value": "Calendrier secondaire disponible : prochaine date de résultats estimée le 9 déc. 2026. Elle est hors de la fenêtre de suivi du 12 au 25 septembre; comparison_earnings ne contient aucun événement complémentaire.", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/groups/2/symbols/2/eventRisk" }, { "path": "blastRadius.sourceRefs.0.date", "value": "2026-09-12", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/sourceRefs/0/date" }, { "path": "blastRadius.sourceRefs.1.name", "value": "TSMC 20-F — 0001628280-26-025362", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/sourceRefs/1/name" }, { "path": "blastRadius.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/sourceRefs/1/url" }, { "path": "blastRadius.sourceRefs.1.date", "value": "2026-04-16", "as_of": "2026-09-11", "source_artifact": "analyses/TSM/_data/calculations.json", "source_sha256": "0818498a4e97d181720f6d1d5412c9f2d5eb22e456048c655728bd08ed2229ad", "source_pointer": "/values/blastRadius/sourceRefs/1/date" } ] }