TSMC Q3 sales beat estimates on surging AI chip demand Ayushman Ojha Thu, October 8, 2026 at 2:25 AM EDT 1 min read TSM -2.09% NVDA -0.74% TSM -2.09% AMD -0.55% AAPL +0.91% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com-- Taiwan Semiconductor Manufacturing Co's (TW:2330) third-quarter revenue topped market expectations as surging demand for artificial intelligence chips continued to fuel growth at the world's largest contract chipmaker.
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Third-quarter revenue reached about NT$1.49 trillion ($46.7 billion), according to calculations, up 50% from a year earlier and exceeding the NT$1.46 trillion estimate from analysts surveyed by Bloomberg.
September revenue jumped 55% year on year to NT$511.86 billion, TSMC said on Thursday. The figure was down 0.6% from August.
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Taipei-listed shares of the company fell more than 1% to NT$2,555.0 by 05:45 GMT.
The results underscore continued strength in demand for advanced chips used in AI accelerators and data centers, benefiting TSMC customers including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and Apple (NASDAQ:AAPL).
TSMC's revenue for the first nine months of 2026 rose 41.1% year on year to NT$3.90 trillion, the company said.
TSMC, which dominates production of the most advanced chips, has been expanding capacity to meet surging AI-related demand. The company is also investing heavily overseas, including in the United States, as governments seek to strengthen domestic semiconductor supply chains.
TSMC Q3 sales beat estimates on surging AI chip demand
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