October 12th 2026, 2:24 AM
TSMC Posts Record Profit for Fifth Consecutive Quarter Amid AI Surge
Key Summary
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to post its sixth consecutive quarter of record profit, driven by relentless demand for chips that power artificial intelligence. The company's Q3 revenue reached NT$1.49 trillion, a 50% increase from the same period last year, with net profit expected to hit NT$740.8 billion, a 64% increase from the previous year.
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Q3 Revenue Breakdown
TSMC's Q3 revenue was a significant achievement, reaching NT$1.49 trillion, a 50% increase compared to the same period last year. This marked a new high for the company, surpassing its own expectations and beating the LSEG SmartEstimate of NT$1.46 trillion.AI-Driven Growth
The relentless demand for AI-related high-performance computing chips and advanced processing technologies drove TSMC's growth. High-performance computing accounted for 66% of TSMC's Q2 revenue, while advanced process nodes, meaning 7nm and smaller, made up 77% of TSMC's wafer revenue in Q2.Full-Year Outlook
TSMC has lifted its full-year outlook, expecting 2026 revenue growth slightly above 40% in US dollar terms. The company's Q3 performance was driven by persistent demand for AI-related chips and advanced processing technologies.Earnings Conference
TSMC will hold its full Q3 earnings conference on October 15, 2026, at 2 p.m. Taiwan time. The revenue figure is already public, so attention will shift to what management says about the road ahead. The call is expected to offer insight into potential price adjustments for 2027 and capital expenditure plans to support expansion in Taiwan, Arizona, and other locations.#TSMC#Taiwan#AI#ChipManufacturing#US#Crypto#Finance