TSMC's third-quarter revenue reached a record high. September revenue was more than 54% above the year-earlier level, with quarterly revenue reaching TWD 1.494 trillion. With ASML and TSMC scheduled to report earnings next week, the market reaction will be closely watched.
TSMC's third-quarter revenue reached a record level. September revenue was TWD 511.86 billion, up 54.6% year on year and down 0.6% month on month. As a result, third-quarter revenue reached TWD 1.494 trillion.
The quarter produced substantial growth, with revenue up 50.9% year on year and 17.6% quarter on quarter, broadly exceeding the prior consensus. Dollar-denominated revenue calculated using exchange-rate assumptions is said to have been broadly above guidance.
Among the areas of focus for semiconductor stocks, ASML Holding and TSM are scheduled to report earnings next week. Investors are watching trends in new orders and AI demand, as well as gross margin and future guidance.
TSMC has already achieved its third-quarter revenue target, and the focus is on whether next week's earnings release will provide a basis for further upward revisions in response to strong demand. Recent earnings trends, from semiconductor manufacturing equipment to demand for cutting-edge AI processors, may indicate the next phase.