Overview
- TSMC reported September revenue of $16.06 billion, a 54.6% year-over-year increase driven by sustained demand for AI chips and data-center processors.
- High-performance computing products now account for roughly two-thirds of TSMC’s sales, concentrating revenue on chips used for AI training and inference.
- Advanced process nodes of 7nm and below made up about 77% of wafer revenue, with 5/4nm and 3nm capacity fully booked and 2nm in commercial ramp.
- Management raised full-year dollar revenue growth guidance to just above 40% and increased 2026 capital expenditure to $60–$64 billion to speed new fabs and tooling.
- The tight advanced-node supply benefits TSMC’s margins but heightens risk because a small group of large customers drives most demand and capacity relief will be gradual.