Thursday, Oct. 15, 2026
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TSMC Q3 Profit Jumps 69% to NT$763 Billion, Sees Up to $54.3B Sales

TSMC's third-quarter net income rose 68.7% to NT$763.06 billion on revenue of $46.72 billion, and it forecast fourth-quarter sales of $52.3 billion to $54.3 billion.

By Global Market News Staff · · 3 min read
A silicon wafer covered in a grid of iridescent microchip dies
Photo: Laura Ockel / Unsplash

Why it matters

  • TSMC said Thursday, Oct. 15, that third-quarter net income rose 68.7% from a year earlier to NT$763.06 billion, or NT$29.43 a diluted share (US$4.60 per ADR unit), on revenue of NT$1,494.24 billion.
  • Revenue in U.S. dollars was $46.72 billion, above the company's own guidance of $44.6 billion to $45.8 billion, and TSMC forecast fourth-quarter revenue of $52.3 billion to $54.3 billion.
  • TSMC shares closed down 2.0% at NT$2,440 in Taipei, and its U.S.-listed ADRs traded about 3.2% lower before the U.S. open, according to Yahoo Finance data.

Taiwan Semiconductor Manufacturing Co. (TSMC) said Thursday, Oct. 15, that its third-quarter net income rose 68.7% from a year earlier to NT$763.06 billion, or NT$29.43 a diluted share, as revenue climbed 50.9% to NT$1,494.24 billion. The world's largest contract chipmaker also forecast fourth-quarter revenue of $52.3 billion to $54.3 billion.

In U.S. dollars, third-quarter revenue was $46.72 billion, up 41.2% from a year earlier and 16.2% from the second quarter, TSMC said in its earnings release. That topped the $44.6 billion to $45.8 billion range the company had guided for the quarter, according to its earnings presentation.

TSMC third-quarter 2026 results at a glance

Measure3Q 20262Q 20263Q 2025
Revenue (US$)$46.72 billion$40.20 billion$33.10 billion
Revenue (NT$)NT$1,494.24 billionNT$1,270.38 billionNT$989.92 billion
Net incomeNT$763.06 billionNT$706.56 billionNT$452.30 billion
Diluted EPSNT$29.43NT$27.25NT$17.44
Gross margin66.4%67.7%59.5%
Operating margin58.7%60.3%50.6%
Capital expendituresNT$443.21 billionNT$496.00 billionNT$287.45 billion

Source: TSMC third-quarter 2026 earnings release and conference presentation (Form 6-K).

Gross margin of 66.4% was inside the company's 65% to 67% guidance but down from 67.7% in the second quarter. Operating margin of 58.7% was above the 56% to 58% range TSMC had guided.

What is TSMC's fourth-quarter guidance?

TSMC expects fourth-quarter revenue of $52.3 billion to $54.3 billion. The midpoint, $53.3 billion, would be about 14% above third-quarter revenue. Based on an exchange rate of 31.8 New Taiwan dollars per U.S. dollar, it expects a gross margin of 65% to 67% and an operating margin of 56.5% to 58.5%, the company said.

TSMC also said it expects 2026 revenue to increase by around 44% in U.S. dollar terms.

"Moving into fourth quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology," Chief Financial Officer Wendell Huang said in the release.

Which chips drove TSMC's revenue?

Advanced chips. Technologies of 7 nanometers and smaller made up 79% of wafer revenue, TSMC said. The 3-nanometer process accounted for 33%, 5-nanometer for 28%, 7-nanometer for 10% and the newest 2-nanometer process for 8%.

How did TSMC shares react?

TSMC shares fell 2.0% to close at NT$2,440 in Taipei on Thursday, from NT$2,490 on Wednesday, according to Yahoo Finance data. The Taipei session ends at 1:30 p.m. local time, before TSMC's results filing was accepted by the SEC at 6:40 a.m. ET. The decline came during a broad sell-off in Asia: Taiwan's Taiex fell 3.4%, South Korea's Kospi dropped 7.6% and Japan's Nikkei 225 lost 4.9%, Yahoo Finance data show.

TSMC's American depositary receipts traded at about $416.42 in premarket trading at 8:53 a.m. ET, down about 3.2% from Wednesday's close of $430.00, according to Yahoo Finance data.

For more chip-sector news, see how SpaceX plans to borrow $40 billion to buy Nvidia chips and SoftBank's shares after its final OpenAI payment. Follow more earnings coverage in our companies section.

Sources

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