TLDR
- September net revenue hit NT$511.86 billion ($16.03 billion), up 55% year-over-year but down 1% from August.
- TSMC’s U.S.-listed stock traded near $472 and was down about 2% on the day.
- Third-quarter revenue came in around $46.7 billion, beating analyst estimates of $46 billion.
- TSMC is set to report full third-quarter earnings next week.
- The company is weighing a further expansion in Texas on top of its $265 billion Arizona buildout.
Taiwan Semiconductor (TSM) stock fell about 2% Thursday, trading near $472, even after the company posted another month of strong sales growth. The drop came just ahead of its full third-quarter earnings report, due out next week.
Taiwan Semiconductor Manufacturing Company Limited, TSM
September net revenue totaled NT$511.86 billion, or $16.03 billion. That’s up 55% from the same month last year.
The number did dip about 1% compared to August. TSMC’s Taiwan-listed stock closed roughly 1% lower the same day the figures came out.
Third-quarter revenue overall came to around NT$1.49 trillion, or $46.7 billion. That marks a 51% jump from a year earlier.
Third-Quarter Numbers Beat Estimates
Analysts had been looking for closer to NT$1.46 trillion in quarterly revenue. TSMC cleared that bar without much trouble.
$TSM reported $16.1B of September revenue which is up 55% YoY and has now generated more revenue in nine months of 2026 than in all of 2025.
September was supposed to fall ~10% but slipped just 0.6% as AI demand absorbed seasonal slowdown. pic.twitter.com/qvyLNYhNBi
— Shay Boloor (@StockSavvyShay) October 8, 2026
Full third-quarter results are due next week, with margins and forward guidance likely to get the most attention. Investors will also be watching for any update on 2027 capital spending.
TSMC counts Nvidia and Apple among its largest customers. Demand for advanced AI chips has kept its factories running at a steady pace all year.
In September, TSMC agreed to use ASML’s High NA extreme ultraviolet lithography machines. Samsung Electronics is adopting the same technology for its own future chip production.
AI Demand Shows Up Across the Supply Chain
Other chip companies had a strong week too. AMD CEO Lisa Su said this week that she expects chip demand to stay elevated for the next several years.
Samsung Electronics reported an operating profit jump of close to nine times. Hon Hai Precision Industry, which assembles AI servers, also beat its own quarterly sales targets.
TSMC is reportedly considering another expansion in Texas. That would build on its $265 billion commitment to its Arizona campus, which grew by $100 billion back in July.
North American customers made up more than 75% of TSMC’s total sales in the first half of 2026. That keeps U.S. demand at the center of the company’s growth story.
Reports out of Taiwan point to wafer price increases of 3% to 6% planned for 2027. Investors will likely want confirmation of this when TSMC reports earnings next week.
TSMC is also expected to give an update on its A14 chip node. CoWoS and CoPoS packaging capacity should get attention too, as the company tries to stay ahead of Intel’s 14A node and a growing backlog for EMIB-T packaging.
TSMC’s U.S.-listed stock hit a record high earlier this month. It remains up sharply for the year, even with Thursday’s pullback.
The stock traded at $472.20 as of the latest session, down 2% on the day, with premarket action showing a price near $467.50.
Chart Analysis
TSM has been in a steady uptrend since late 2025, climbing from around $270 to a recent high near $485 before pulling back to $472.20, down 2% on the day. The stock is still trading inside a rising channel, with the current pullback bringing price closer to the lower trendline of that channel rather than breaking it.
The Relative Strength Index sits at 64.47, which is on the stronger side but still short of overbought territory above 70. The MACD line remains above its signal line with a positive histogram, pointing to momentum that is still leaning bullish even after today’s drop.
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