Taiwan Semiconductor Manufacturing Co. reported record third-quarter net profits of approximately $23.6 billion. This figure represents a nearly 69% increase over the previous year. Surging demand for artificial intelligence chips fueled the growth. High-performance computing segments accounted for 68% of the quarter's total revenue.
The manufacturer increased its 2026 revenue growth forecast to roughly 44% in U.S. dollars. Management also confirmed the company is evaluating a manufacturing expansion into Texas. This potential site would supplement existing projects in Arizona.
TSMC’s American Depositary Receipt (ADR) declined following the report. The stock traded approximately 13% below its recent high despite the record results.