October 8th 2026, 11:37 AM
TSMC Beats Forecast with Record Revenue Growth
Key Summary
TSMC's Q3 revenue rose 54.6% year-over-year to a record NT$1.49 trillion, surpassing analyst forecasts of NT$1.46 trillion. The company's shares closed lower, but remain up 60.88% this year, driven by a strong second quarter. Analysts expect further growth, with net profit projected to climb 64% in Q4.
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Financial Results
TSMC's Q3 revenue rose 54.6% year-over-year to a record NT$1.49 trillion, surpassing analyst forecasts of NT$1.46 trillion.Market Impact
The company's shares closed lower, but remain up 60.88% this year, driven by a strong second quarter.Outlook
Analysts expect further growth, with net profit projected to climb 64% in Q4.Global Context
TSMC's results are closely watched by investors, with its American depositary receipts (ADRs) closing 2.09% lower at $472.20 on Wednesday.Performance
TSMC released the figures after Taiwan's market closed. As a result, the ADRs will trade on them first when US markets open on Thursday.Upcoming Earnings
The next test comes on October 15, when TSMC reports earnings. Analysts expect net profit to climb 64% to NT$740.8 billion, according to an LSEG SmartEstimate.#TSMC#US#Taiwan#Crypto#SEC