Overview
- TSMC reported September revenue of about $16.06 billion, a roughly 54–55% year‑over‑year increase, the company said Thursday.
- High‑performance computing now represents about two‑thirds of sales and advanced process nodes (7nm and smaller) make up roughly 77% of wafer revenue, leaving 5/4nm and 3nm capacity fully booked.
- Management has raised 2026 capital expenditure to $60–$64 billion, confirmed adoption of ASML’s High NA lithography, and said 2nm is in commercial ramp as it expands U.S. fabs including Arizona and considering Texas.
- The stock fell about 2% after the monthly figures as investors weigh expected margin pressure from the 2nm ramp and the cost of large overseas fabs against continued AI demand.
- Analysts warn that heavy customer concentration—notably Nvidia and Apple—and the long lead time to monetize new fabs mean a demand slowdown could sharply reduce margins and test the company’s elevated valuation.