TSMC reports record Q3 revenue driven by AI and HPC demand

Taiwan Semiconductor Manufacturing Company (TSMC) reported record third-quarter results, driven significantly by demand for artificial intelligence and high-performance computing (HPC). The company reported revenue of approximately $46.72 billion, representing a 50.9% increase from the previous year. Net income rose 68.7% year-over-year to reach approximately $23.59 billion.

HPC accounted for 68% of the company’s quarterly revenue, marking a substantial shift compared to other sectors like smartphones, which contributed 21%. Advanced manufacturing nodes, specifically those at 7nm and smaller, generated 79% of wafer revenue, with the 3nm process alone contributing 33%.

Looking ahead, TSMC raised its full-year outlook and guided fourth-quarter revenue to between $52.3 billion and $54.3 billion. The company also expects 2026 revenue growth of approximately 44% in US dollar terms. Strategic expansions include increasing 3nm capacity in Taiwan and a $100 billion investment commitment in Arizona.