TSMC delivers record Q3 profit of $23.55 billion

• Taiwan Semiconductor Manufacturing Company (NYSE:TSM) achieved a record third-quarter net profit of NT$763.06 billion ($23.55 billion), surging 68.7% year-over-year.
• Quarterly revenue climbed 50.9% to NT$1.49 trillion, beating analyst estimates on strong artificial intelligence demand.
• Management maintained its full-year capital expenditure budget while projecting fourth-quarter revenue to reach up to $54.3 billion.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) reported a record third-quarter net profit of NT$763.06 billion ($23.55 billion), driven by sustained global demand for artificial intelligence chips.

The result marked a 68.7% year-over-year profit surge that surpassed consensus analyst estimates of NT$746.3 billion.

Consolidated revenue rose 50.9% year-over-year to NT$1.49 trillion, delivering diluted earnings per share of NT$29.43.

Advanced technologies accounted for 79% of total wafer revenue, while gross margin landed at 66.4% due to initial production ramping for 2-nanometer chips.

For the fourth quarter of 2026, the company expects revenue to range between $52.3 billion and $54.3 billion.

Executives maintained their 2026 capital expenditure budget between $60 billion and $65 billion while adopting a cautious tone for 2027 amid macroeconomic uncertainties.