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TSMC Q3 Revenue Jumps 30%, Tops Forecasts on AI Chip Demand

Investors now await the Oct. 16 earnings release for updated guidance.

Overview

  • July–September revenue reached T$989.92 billion ($32.47 billion), up from T$759.69 billion a year earlier.
  • The result beat an LSEG SmartEstimate of T$973.26 billion and aligned with the midpoint of prior $31.8–$33 billion guidance.
  • Stronger orders tied to artificial intelligence applications offset softer demand in consumer electronics.
  • TSMC’s Taipei-listed shares are up 34% year to date versus an 18.5% gain for the broader market.
  • Foxconn, the world’s largest contract electronics maker and Nvidia’s biggest server assembler, posted its highest-ever third-quarter revenue.