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As of Q4'25, TSM's latest Revenue Surprise % stands at approximately -0.04%, while Revenue Growth (YoY) is at 21.59%. This marks a notable shift from earlier quarters, where Revenue Surprise % was consistently above 28%, and Revenue Growth (YoY) has moderated from its recent peak. From Q1'23 to Q2'24, TSM experienced strong positive revenue surprises, peaking at 32.53% in Q2'24, but this metric sharply declined to near zero and then slightly negative by Q1'25 and Q4'25. In contrast, Revenue Growth (YoY) showed a significant turnaround: after negative growth in 2023, it rebounded strongly in 2024, reaching a high of 41.61% in Q1'25 before gradually decelerating. The data indicates a transition from outperformance relative to expectations to more normalized results, while underlying revenue growth remains robust but is beginning to slow. The chart covers the period from Q1'23 to Q4'25.