TSMC reported October revenue of 586.89 billion New Taiwan dollars ($17.88 billion), up 59.7% year-over-year and up 14.7% month-over-month. The world's largest contract chipmaker attributed the jump to strong demand for advanced semiconductors as major technology companies invest heavily in artificial intelligence.
The company posted a record third-quarter net profit of NT$763.1 billion on revenue of NT$1.49 trillion, with an operating margin of 58.7% that exceeded its guidance range. TSMC expects capital expenditure from 2026 to 2028 to be significantly higher than in the previous three years to support customer demand.
TSMC shares closed 2.24% higher on Tuesday. Taiwan's exports surged 58.9% in October to $96.76 billion, with electronic components exports up 61.4%, driven by demand for advanced chips.