Overview

• Bank of America Securities’ Robert Cheng reiterated a Buy rating on Taiwan Semiconductor with a $330 price objective and raised 2026–2027 EPS estimates.
• The analyst cited an improved pricing outlook driven by a higher mix of U.S. production, advanced-node processes, and continued overseas expansion.
• TSMC reported September 2025 consolidated revenue of about NT$330.98 billion, down 1.4% from August but up 31.4% year over year.
• Revenue for January through September 2025 reached NT$2,762.96 billion, reflecting 36.4% growth from the same period a year earlier.
• Television host Jim Cramer said he expects a very rosy picture from TSMC’s upcoming earnings, while Brown Advisory highlighted the company’s leading-node edge in AI and high‑performance computing.