TSMC’s third-quarter revenue reached a record NT$1.49 trillion, underscoring the strength of demand for advanced chips used in artificial intelligence systems. The result was 50% higher than a year earlier and exceeded the company’s own quarterly guidance, whose upper limit was approximately NT$1.47 trillion. It also surpassed the average analyst forecast of NT$1.46 trillion, showing that chip demand remained stronger than many investors had anticipated.
September revenue came to NT$511.86 billion, a 54.6% increase from the same month last year. Although the figure was slightly below August’s record, it represented TSMC’s strongest September performance. Revenue for the first nine months of the year reached roughly NT$3.9 trillion, up 41.1%, as demand from AI chip developers and smartphone makers continued to support the company’s business.
The focus now turns to Oct. 15, when TSMC is expected to announce its full third-quarter results and provide a fresh outlook. Investors will be looking closely at net profit, gross margins and capital spending, as well as the company’s progress in advanced manufacturing and packaging. TSMC had previously forecast a third-quarter gross margin of 65% to 67%, below the 67.7% recorded in the second quarter.
The bigger questions extend beyond the latest revenue record. Investors will want to know whether demand for next-generation AI platforms and TSMC’s 2-nanometer technology can sustain the current growth rate, while also monitoring the company’s expansion in Arizona and possible future manufacturing activity in Texas. The Oct. 15 briefing could therefore reveal whether TSMC is entering a longer period of structural growth or approaching a point where capacity, pricing and geopolitical risks begin to weigh more heavily on its outlook.
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