TSMC reported third-quarter revenue reaching T$1.49 trillion, or approximately $46.71 billion, marking the company’s highest-ever quarterly result and surpassing market expectations. The sharp increase, up 50% compared to the same period last year, was attributed primarily to heightened demand driven by artificial intelligence-related applications.
This performance exceeded analysts’ forecasts, with LSEG consensus placing anticipated third-quarter sales at T$1.46 trillion.
Between July and September, the tech giant, a key semiconductor supplier for corporations such as Nvidia and Apple, saw significant revenue growth. In its previous earnings call, it projected Q3 revenue in the range of $44.6 billion to $45.8 billion, providing its outlook exclusively in US dollars.
For September alone, the chipmaker announced revenue of T$511.86 billion, up 54.6% year-over-year, though showing a slight dip of 0.6% from August figures. TSMC holds the highest market valuation in Asia, with capitalization reaching $2.1 trillion, and is due to release its full third-quarter earnings report and provide updated guidance next Thursday.
Analyst consensus, as gathered by LSEG, projects TSMC’s net profit for the third quarter to show a 64% year-on-year increase, reaching approximately T$740.8 billion. TSMC’s stock, listed in Taipei, ended trading 1.35% lower before the latest data was announced. Year-to-date, the shares have risen 64.52%, matching the broader market’s performance.
Notably, TSMC has also announced plans to adopt ASML’s High-NA extreme ultraviolet lithography technology for advanced chip manufacturing in September, joining peers such as Samsung Electronics in this technological upgrade.
Earlier on Thursday, Samsung released preliminary figures suggesting its operating profit for the quarter would surpass 100 trillion won, propelled by strong demand and increased memory chip sales amid the AI boom.
