🔥 TSMC reported consolidated Q3 revenue of NT$1.49424 trillion. Revenue in U.S. dollars reached US$46.72 billion, exceeding the upper end of its guidance of US$45.8 billion. EPS was NT$29.43, up 68.7% year over year.
Gross margin was 66.4%, within the guidance range of 65%–67%. Operating margin was 58.7%, slightly above the upper end of the 58% range. The 2 nm node accounted for 8% of wafer revenue, while HPC accounted for 68% of revenue.
Q4 guidance is now available. Revenue is expected to be US$52.3–54.3 billion, implying sequential growth of 12.0%–16.2% from Q3. Gross margin guidance is 65%–67%, and gross margin guidance is 56.5%–58.5%.
The results show that AI demand remains strong. TSMC could first affect risk appetite in TSM and AI stocks, with only an indirect spillover to #BTC.
✔️ TSMC earnings do not directly drive movement $BTC .
A more plausible path is for TSM and AI stocks to move first, followed by broader spillover in risk appetite.
Gross margin was 66.4%, within the guidance range of 65%–67%. Operating margin was 58.7%, slightly above the upper end of the 58% range. The 2 nm node accounted for 8% of wafer revenue, while HPC accounted for 68% of revenue.
Q4 guidance is now available. Revenue is expected to be US$52.3–54.3 billion, implying sequential growth of 12.0%–16.2% from Q3. Gross margin guidance is 65%–67%, and gross margin guidance is 56.5%–58.5%.
The results show that AI demand remains strong. TSMC could first affect risk appetite in TSM and AI stocks, with only an indirect spillover to #BTC.
✔️ TSMC earnings do not directly drive movement $BTC .
A more plausible path is for TSM and AI stocks to move first, followed by broader spillover in risk appetite.