Taiwanese foundry giant beats forecasts with 50 per cent top-line growth ahead of detailed third-quarter earnings release.
Taiwan Semiconductor Manufacturing Co (TSMC) reported record third-quarter revenue of $46.71 billion, representing a 50 per cent increase from the same period last year. The performance comfortably surpassed consensus market expectations, driven by unabated global demand for artificial intelligence processing hardware.
The July-to-September figure compares with $31.03 billion, same quarter last year. The figures beat an LSEG SmartEstimate of $45.77 billion. The performance also topped TSMC’s own quarterly revenue guidance provided in July, which had targeted sales between $44.6 billion and $45.8 billion. For September alone, TSMC reported that revenue rose 54.6% year-on-year to $16.03 billion.
The results highlight sustained momentum across the semiconductor supply chain, coinciding with rival Samsung Electronics forecasting a nine-fold jump in third-quarter operating profit on AI-driven memory sales. As the world’s leading foundry supplier to fabless tech giants including Nvidia and Apple, TSMC remains a central beneficiary of hyperscaler data centre infrastructure investments.
TSMC did not provide product breakdown details or forward guidance in its preliminary sales report. Asia’s most valuable listed entity, holding a market capitalisation of $2.1 trillion, is is scheduled to report third-quarter earnings next Thursday, where it is expected to report a 64% on-year rise in third- quarter net profit to T$740.8 billion, according to an LSEG SmartEstimate.
