TSMC Expected to Report Sixth Straight Quarter of Record Profit on AI Boom

3-line summary

• TSMC is expected to report Q3 net profit of about NT$746.3 billion (~$23.4 billion), up roughly 65% year-over-year, per an LSEG SmartEstimate based on 16 analysts, when it reports earnings and holds its conference call on October 15 (06:00 GMT); a figure above NT$706.56 billion would mark a record quarterly profit and an 11th straight quarter of profit growth. The call will also include Q4 and updated full-year guidance.
• Analysts cited continued strong demand for AI chip production capacity and CoWoS advanced packaging; TSMC is the key supplier to Nvidia and Apple, with a market cap of about $2 trillion, nearly double Samsung Electronics'. Last week's already-reported Q3 revenue rose about 50% year-over-year to a record high. TSMC raised its 2026 capex plan in July to $60-64 billion from $52-56 billion, and its $100 billion addition to Arizona investment (for a total of $265 billion) was also announced in July; its Taiwan-listed shares are up 63% this year, roughly in line with the broader Taiwan market's 69% gain.

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