Overview

• Net profit rose 39.1% year over year in Q3 with EPS at NT$17.44, and U.S.-listed shares gained about 3.4% after hours.
• Advanced processes accounted for 74% of wafer revenue, with 3nm at 23%, 5nm at 37%, and 7nm at 14%.
• Management raised its 2025 revenue-growth forecast to the midpoint of 30% and flagged tariff risk in planning for 2026.
• The 2nm node is planned to enter volume production later this quarter, with the A16 process expected to ramp in the second half of the year.
• Capital expenditures reached US$29.39 billion in the first nine months as TSMC accelerates expansion in Arizona, starts construction of a second Japan fab, and targets added CoWoS capacity in 2026 to ease AI packaging constraints.