TSMC and Moore Threads report strong third quarter financial results

TSMC reported a significant increase in revenue and profit for the third quarter of 2026, driven by high demand for advanced manufacturing technologies. The company's revenue reached 1.49424 trillion Taiwan dollars, a 50.9 percent increase compared to the previous year. Net profit rose by 68.7 percent year-on-year to 763.06 billion Taiwan dollars. Advanced technologies with structure widths of 7 nanometers or less accounted for 79 percent of wafer revenue, with 2-nanometer, 3-nanometer, and 5-nanometer chips contributing 8 percent, 33 percent, and 28 percent respectively.

TSMC provided a positive outlook for the fourth quarter, forecasting revenue between 52.3 and 54.3 billion US dollars and expecting a significant ramp-up in 2-nanometer technology production.

Separately, Chinese GPU developer Moore Threads achieved its first quarterly profit in its history during the third quarter of 2026. The company reported revenue of approximately 1.55 billion Yuan, representing a 1,773.92 percent increase over the same period last year. This turnaround occurred more than a year ahead of the company's original 2027 target. Moore Threads reported a net profit attributable to shareholders of approximately 49.26 million Yuan, or roughly 7.4 million US dollars.