TSMC Posts NT$763.1 Billion Q3 Profit as AI Chip Demand Lifts Margins
Updated
Updated · CNBC · Oct 15
TSMC Posts NT$763.1 Billion Q3 Profit as AI Chip Demand Lifts Margins
1 articles · Updated · CNBC · Oct 15
Summary
NT$763.1 billion in third-quarter net income topped the NT$746.34 billion consensus, marking TSMC’s sixth straight record profit quarter and a 68.7% jump from a year earlier.
NT$1.49 trillion in revenue beat forecasts and operating margin reached 58.7%, above the top end of guidance, as strong AI-chip demand reinforced the company’s pricing power.
3-nanometer chips generated 33% of revenue, while high-performance computing contributed 68% and smartphones 21%; automotive was the fastest-growing segment quarter on quarter at 23%.
NT$476.56 billion in free cash flow surged from NT$139.38 billion a year earlier, and the board approved a NT$7.00 cash dividend for the second quarter.
TSMC is pairing that earnings strength with U.S. expansion plans, having outlined $265 billion of Arizona investment in July and weighing a further move into Texas.