TSMC Q3 Net Profit Jumps 69% to Record NT$763.1 Billion on AI Chip Demand
Taiwan Semiconductor Manufacturing Company reported third-quarter net profit of NT$763.1 billion, up 69% year-on-year and above market estimates, marking a record high and a sixth consecutive quarter of record profit. Revenue reached NT$1.49 trillion, operating income was NT$876.45 billion, and earnings per share were NT$29.43. The company attributed the results to booming global demand for AI processors and advanced CoWoS packaging capacity.
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AI Chip Demand Drives TSMC Q3 Net Profit Up 69% to Record High
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, reported on Thursday that third-quarter net profit rose 69% year-on-year to NT$763.1 billion (about US$23.59 billion), a record high that beat institutional expectations of NT$746.3 billion. The company attributed the surge to booming global demand for artificial intelligence processors. The results cover the July-to-September period and were announced on October 15.
Read sourceTSMC Posts Record Profit for Sixth Straight Quarter on AI Demand
TSMC reported record quarterly profit for a sixth consecutive quarter, beating analyst estimates, according to CNBC, Bloomberg, Reuters, and WSJ. Reuters reported that Q3 profit jumped 69% to a record. The company disclosed third-quarter earnings per share of NT$29.43. The results were attributed to a rush of AI-related orders and sustained AI demand, which extended TSMC's record earnings streak.
Read sourceTSMC Q3 Net Profit Tops Estimates at NT$763.1 Billion
Taiwan Semiconductor Manufacturing Company reported third-quarter net profit of NT$763.1 billion, beating the market estimate of NT$739.49 billion. Gross margin came in at 66.4%, slightly below the expected 66.5%. Operating profit reached NT$876.45 billion, above the NT$854.35 billion forecast, with an operating margin of 58.7% versus the estimated 58.1%. Revenue for the quarter was NT$1.49 trillion, exceeding the market estimate of NT$1.46 trillion. The results reflect stronger-than-expected profitability and sales for the chipmaker.
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TSMC Reports Third-Quarter Net Profit of NT$763.1 Billion, Beating Market Estimate
Taiwan Semiconductor Manufacturing Company (TSMC) reported a third-quarter net profit of NT$763.1 billion, according to a Reuters (RTRS) report. The result exceeded the market estimate of NT$746.337 billion. The source item provides no further details on revenue, margins, guidance, or segment performance, and no executive commentary is included. The headline figure indicates TSMC's quarterly earnings came in above analyst expectations.
Read sourceAnalysts Expect TSMC to Post Sixth Straight Record Quarterly Profit
Analysts forecast that TSMC will report a record quarterly profit for the sixth consecutive quarter on Thursday, driven by strong infrastructure spending in the technology sector. They expect third-quarter net profit to rise 65% year-on-year to NT$746.3 billion (about $23.4 billion). The analysts cited continued strong market demand for TSMC's AI chip manufacturing capacity and its advanced CoWoS packaging technology. If net profit exceeds NT$706.56 billion, it would mark a record high for the company's single-quarter net profit and an 11th straight quarter of profit growth.