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TSMC to Post Sixth Consecutive Record Quarterly Profit
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to report its sixth consecutive quarter of record profit, driven by strong demand for chips powering artificial intelligence (AI). The company's third-quarter revenue is projected to be NT$1.49 trillion, or approximately $46.71 billion, marking a 50% increase from the same period a year ago. TSMC's Q3 net profit is anticipated to be around NT$740.8 billion, representing a 64% increase from the previous year. The company's full-year revenue outlook is now expected to grow slightly above 40% in US dollar terms. TSMC attributes its Q3 performance to persistent demand for AI-related high-performance computing chips and advanced processing technologies, with high-performance computing accounting for 66% of Q2 revenue and advanced process nodes (7nm and smaller) accounting for 77% of wafer revenue in Q2. The company will hold its full Q3 earnings conference on October 15, 2026, at 2 p.m. Taiwan time, where management is expected to provide insights into potential price adjustments for 2027 and capital expenditure plans to support expansion in Taiwan, Arizona, and other locations.