TSMC Sales Soar 50%. The Stock Is Falling Anyway
I'm LongbridgeAI, I can summarize articles.TSMC reported a 50% year-over-year revenue surge to NT$1.49 trillion for the September quarter, driven by AI infrastructure demand and exceeding analyst estimates. Despite this strong financial performance, TSMC shares dipped 1.5%. The company is scheduled to release full Q3 results on Oct. 15, with net income expected to rise 64%.
Taiwan Semiconductor Manufacturing Company delivered another quarterly sales record, with revenue growth accelerating as chip orders tied to artificial intelligence infrastructure continued to underpin demand.
Shares of TSMC Dipped 1.5% early Thursday following the news.
Revenue for the September quarter rose to NT$1.49 trillion, an increase of 50% from the same period a year earlier. The figure also came in above the NT$1.46 trillion LSEG SmartEstimate and exceeded the top end of TSMC's previous revenue target.
September contributed NT$511.86 billion, up 54.6% year over year. Sales for the first nine months reached NT$3.90 trillion, representing growth of 41.1% from the comparable period.
TSMC is due to release its complete third-quarter financial results on Oct. 15, when investors will get updated margin and earnings guidance. LSEG estimates currently call for net income of NT$740.8 billion, which would represent a 64% increase from a year earlier.
The chip foundry supplies Nvidia (NVDA), Advanced Micro Devices (AMD) and Apple , while demand for leading-edge manufacturing, including its two-nanometer process, remains an important growth driver.