Switch to seedless. Get 30% off with SWITCH30 till Oct 21TSMC Q3 2026 profit jumps 68.7% on AI demand, shares dip
6.7 Markets TSMC's Q3 2026 profit surged 68.7% to $23.86B, revenue up 50.9% to $46.72B on AI chip demand. Despite beating forecasts, shares fell 3%.
TSMC achieved a record-breaking third quarter in 2026, with net profit soaring 68.7% year-on-year to $23.86 billion. Revenue also surged by 50.9%, reaching $46.72 billion, fueled by robust demand for AI chips. High-performance computing contributed significantly to sales, while advanced process technologies accounted for 79% of wafer revenue. Margins remained strong, with a gross margin of 66.4% and an operating margin of 58.7%. Despite surpassing analyst expectations and raising its 2026 growth outlook, TSMC's stock declined 3% after the announcement, reflecting investor caution regarding future guidance and capital expenditure. TSMC has increased its full-year revenue growth forecast to about 44% in US dollar terms, citing continued strong demand. The company is also reportedly considering further investments in Texas, expanding beyond its current Arizona plans.
