Key Notes
- TSMC’s October revenue rose 59.7% from a year earlier and 14.7% from September to NT$586.89 billion.
- Its Taiwan-listed shares closed 2.24% higher on November 10.
- Management’s fourth-quarter outlook calls for revenue of $52.3 billion to $54.3 billion and an operating margin of 56.5% to 58.5%.
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM; TWSE: 2330) reported October sales of NT$586.89 billion, up 59.7% from a year earlier, as strong demand for advanced chips carried into the final quarter of 2026.
Revenue increased 14.7% from September, the chipmaker said in its November 10 sales report. The total was equivalent to about $17.9 billion. TSMC’s Taiwan-listed shares closed 2.24% higher on Tuesday, CNBC reported.
Sales Growth Accelerates Into the Fourth Quarter
The annual growth rate strengthened from the 54.6% TSMC reported for September. Revenue for the first ten months of 2026 reached NT$4.48562 trillion, an increase of 43.3% from the same period last year.
The October increase follows TSMC’s record sales in July through September. The company is benefiting from investment in AI infrastructure, which relies on advanced semiconductor manufacturing.
The share-price gain came during a volatile period for Taiwan’s market. Regulators introduced tighter short-selling limits this week after a sharp selloff.
Taiwan’s Export Figures Reinforce the Demand Picture
Taiwan’s broader technology trade also expanded strongly in October. The finance ministry’s November 9 trade release showed total exports rising 58.9% from a year earlier to $96.76 billion.
Electronic-parts exports increased 61.4% to $32.68 billion. Information, communication and audio-video products rose 72.9% to $47.60 billion. Together, those categories accounted for 83% of Taiwan’s exports, placing electronics at the center of the island’s trade growth.
TSMC Targets Higher Fourth-Quarter Revenue
TSMC’s quarterly release put third-quarter revenue at $46.72 billion and net income at NT$763.06 billion. Its operating margin reached 58.7%, while technologies of 7 nanometers and below accounted for 79% of wafer revenue. The 2-nanometer process contributed 8%.
Management’s October 15 outlook called for fourth-quarter revenue of $52.3 billion to $54.3 billion, with an operating margin of 56.5% to 58.5%. Chief Financial Officer Wendell Huang said demand for leading-edge manufacturing would support the quarter, including a steep ramp-up of 2-nanometer technology.
The company also expects capital expenditure in 2026 through 2028 to be significantly higher than in the preceding three years, according to CNBC, as it adds capacity to meet customer demand.
