TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom
Net income rose 69% to NT$763.1 billion as AI chip demand lifted revenue above forecasts, TSMC said.
- On Thursday, October 15, 2026, Taiwan Semiconductor Manufacturing reported a record third-quarter net profit of NT$763.1 billion, a 69% year-on-year surge driven by soaring global demand for AI processors.
- Booming infrastructure spending in the tech sector fuels this performance, with analysts noting strong demand for TSMC's AI chipmaking capacity and its advanced CoWoS chip packaging technology.
- Revenue reached NT$1.49 trillion in the quarter, while the company raised its 2026 capital expenditure forecast to between $60 billion and $64 billion, part of a $265 billion manufacturing investment in Arizona.
- ASML, the world's largest maker of AI chipmaking tools, reported on Wednesday that customers are already placing orders for 2029 and 2030, easing concerns the AI investment boom is losing momentum.
- TSMC's market capitalization now sits at approximately US$2 trillion, nearly double that of South Korean rival Samsung Electronics, with Taipei-listed shares having gained 57% so far in 2026.
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In the third quarter, Taiwanese TSMC's profit grew by 68 percent compared with last year.
Demand for AI chips continues to push TSMC • Net profit jumped 69% in the third quarter, and revenue reached $46.4 billion • Results beat analysts' forecasts, amid concerns in markets about AI panic
The Taiwanese chip manufacturer exceeds expectations with its result. This could also be a signal to the stock exchanges, where the fear of an end to the AI boom is growing.
Taiwan's TSMC, the world's largest foundry (semiconductor contract manufacturing) company, recorded sales of 62.5 trillion won and an operating profit of 36.7 trillion won in the third quarter of this year, driven by expanding demand for artificial intelligence (AI) semiconductors. Operating profit increased by 75% compared to the same period last year, and the operating profit margin reached 58.7%. As demand for advanced processes used in AI se…
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