TSMC Hits Record Q3 and 9-Month Revenue, Up 36.4%

TSMC announced today that its consolidated revenue for September reached NT$330.98 billion, a slight 1.4% decline from August, but a solid 31.4% increase year over year.

For the third quarter, revenue hit a record NT$989.92 billion, up 6% from the previous quarter's NT$933.79 billion. Cumulative revenue for the first three quarters climbed to NT$2.76 trillion, marking a 36.4% annual growth—the highest level ever for the same period.

Earlier, TSMC projected Q3 revenue between US$31.8 billion and US$33 billion. Based on an exchange rate of NT$29 per US dollar, the actual results align well with the company's forecasted 6–8% quarter-on-quarter increase.

Analysts noted that the New Taiwan dollar weakened 1.86% to NT$30.469 per US dollar by the end of Q3, which could further boost TSMC's reported revenue and profit margins in local currency terms. With revenue hitting new highs, market watchers expect the company's Q3 profit to also set a fresh record.

Investor confidence rose after NVIDIA CEO Jensen Huang dismissed concerns over an AI bubble, driving TSMC's shares to an intraday record high of NT$1,445 before closing at NT$1,440, up 1.76%.

TSMC will hold its earnings call next Thursday (October 16) to announce Q3 results and share its outlook for the coming quarter. With strong demand for AI and advanced chips, the company's Q4 and 2025 outlook remain positive. However, investors will be closely watching whether TSMC will expand advanced process production in the U.S. amid growing pressure from the White House to increase local investments.