Taiwan Semiconductor Manufacturing Co. (TSMC) reported record third-quarter earnings. Net income surged 68.7% year over year. It reached NT$763.06 billion ($23.6 billion). Revenue climbed 50.9%. [1, 2, 14] Robust demand for advanced chips used in AI applications helped drive the results, which beat analyst expectations. [5, 8]
TSMC forecast fourth-quarter revenue of US$52.3 billion to US$54.3 billion. [1, 11] Its new 2-nanometer process accounted for 8% of total revenue. [9] The company raised its full-year 2026 sales growth forecast to approximately 44% in U.S. dollar terms. [6]
TSMC shares fell about 2% in Taipei ahead of the announcement. [8, 11, 14] The decline came amid a broader semiconductor selloff, as investors weighed the sustainability of the AI investment boom and macroeconomic uncertainty.