TSM Taiwan Semiconductor Manufacturing Company Limited

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Taiwan Semiconductor Manufacturing Company Limited Beat Expectations, Sees Revenue Above Estimates

Thursday, October 15, 2026 · 3:00 AM ET

Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $4.60 per share on revenue of $46.72 billion for the third quarter ended September 2026. The consensus earnings estimate was $4.45 per share on revenue of $45.62 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 0.44% while revenue grew 41.16% on a year-over-year basis.

The company said it expects fourth quarter revenue of $52.30 billion to $54.30 billion. The current consensus revenue estimate is $48.78 billion for the quarter ending December 31, 2026.

Taiwan Semiconductor Manufacturing Co Ltd engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, it also manufactures masks.

Earnings Whisper Grade
Power Rating
Reported Earnings
$4.60
Earnings Whisper®
$4.58
Consensus Estimate
$4.45
Earnings Surprise
Earnings Growth57.5 %
Reported Revenue
$46.72B
Revenue Estimate
$45.62B
Revenue Surprise
Revenue Growth41.2 %

*Reported earnings and revenue figures shown above, and any guidance given, are preliminary and may be updated upon further review.*

TSMC Reports Third Quarter EPS of NT$29.43

Thursday, October 15, 2026 · 3:00 AM ET TSM

HSINCHU, Taiwan, R.O.C., Oct. 15, 2026 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$1,494.24 billion, net income of NT$763.06 billion, and diluted earnings per share of NT$29.43 (US$4.60 per ADR unit) for the third quarter ended September 30, 2026.

Year-over-year, third quarter revenue increased 50.9%, while net income and diluted EPS both increased 68.7%. Compared to second quarter 2026, third quarter results represented a 17.6% increase in revenue and an 8.0% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, third quarter revenue was $46.72 billion, which increased 41.2% year-over-year and increased 16.2% from the previous quarter.

Gross margin for the quarter was 66.4%, operating margin was 58.7%, and net profit margin was 51.1%.

In the third quarter, shipments of 2-nanometer accounted for 8% of total wafer revenue; 3-nanometer accounted for 33%; 5-nanometer accounted for 28%; and 7-nanometer accounted for 10%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 79% of total wafer revenue.

“Our business in the third quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into fourth quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology.”

Based on the Company’s current business outlook, management expects the overall performance for fourth quarter 2026 to be as follows:

  • Revenue is expected to be between US$52.3 billion and US$54.3 billion;
And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars,
  • Gross profit margin is expected to be between 65% and 67%;
  • Operating profit margin is expected to be between 56.5% and 58.5%.


For the full earnings release, please go here.