TSMC Q3 Profit Jumps 69% to $23.6 Billion as AI Chip Demand Fuels Expansion
Profit beats expectations: TSMC’s third-quarter net profit surged 69% year-on-year to NT$763.1 billion ($23.6 billion), exceeding analyst estimates.
Revenue accelerates: Quarterly revenue rose 51% year-on-year to $47 billion, with the company reporting faster revenue growth over the past two quarters.
Record capital expenditure: TSMC reiterated that capital expenditure could reach a record $64 billion this year as it expands capacity to meet growing demand.
2027 spending forecasts climb: Goldman Sachs projects TSMC’s 2027 capex at $85 billion, while UBS estimates $90 billion, both above the institutional-survey average of $75 billion.
Around 20 fabs planned: TSMC is working to build and equip roughly 20 semiconductor fabrication plants simultaneously across Taiwan and overseas, compared with its historical norm of four to five concurrent projects.
$TSM $NVDA $SKHY
Profit beats expectations: TSMC’s third-quarter net profit surged 69% year-on-year to NT$763.1 billion ($23.6 billion), exceeding analyst estimates.
Revenue accelerates: Quarterly revenue rose 51% year-on-year to $47 billion, with the company reporting faster revenue growth over the past two quarters.
Record capital expenditure: TSMC reiterated that capital expenditure could reach a record $64 billion this year as it expands capacity to meet growing demand.
2027 spending forecasts climb: Goldman Sachs projects TSMC’s 2027 capex at $85 billion, while UBS estimates $90 billion, both above the institutional-survey average of $75 billion.
Around 20 fabs planned: TSMC is working to build and equip roughly 20 semiconductor fabrication plants simultaneously across Taiwan and overseas, compared with its historical norm of four to five concurrent projects.
$TSM $NVDA $SKHY