TSMC Surpasses Estimates with $10.9 Billion September Sales

Taiwan Semiconductor Manufacturing (TSMC) reported September sales of NT$331 billion ($10.9 billion), surpassing estimates of NT$302 billion. Revenue rose 31.4% YoY, but slipped 1.4% from August. TSMC is expected to report Q3 results on Oct. 16, with analysts predicting earnings of $2.61 a share on sales of $32.01 billion.

Taiwan Semiconductor Manufacturing Company (TSMC) reported its third-quarter (Q3) revenue of NT$989.92 billion ($32.47 billion), surpassing market expectations. This represents a 30% year-on-year increase, according to Reuters calculations TSMC posts forecast-beating Q3 revenue surge on AI boom^[1]. The result handily topped an LSEG SmartEstimate of NT$973.26 billion drawn from 22 analysts TSMC posts forecast-beating Q3 revenue surge on AI boom^[1].

TSMC's shares have soared 34% this year, compared to an 18.5% rise for the broader market TWSE:TAIEX TSMC posts forecast-beating Q3 revenue surge on AI boom^[1]. The company's strong performance is largely attributed to surging demand for its products in the artificial intelligence (AI) sector TSMC posts forecast-beating Q3 revenue surge on AI boom^[1]. TSMC's advanced process technologies, particularly its 3nm and 5nm nodes, are in high demand for AI applications TSMC Stock Soars on AI Boom: Record Highs, Big Ambitions & Geopolitical Risks (Oct 2025 Update)^[2].

The company is expected to report its full Q3 earnings on October 16, including an updated outlook for the current quarter and full year. Analysts predict earnings of $2.61 a share on sales of $32.01 billion TSMC Stock Soars on AI Boom: Record Highs, Big Ambitions & Geopolitical Risks (Oct 2025 Update)^[2]. Morgan Stanley has urged investors to "accumulate ahead" of a potential guidance boost on October 16, citing strong AI demand TSMC Stock Soars on AI Boom: Record Highs, Big Ambitions & Geopolitical Risks (Oct 2025 Update)^[2].

TSMC's stock has reached near all-time highs, trading around $294 on October 8, 2025, and up nearly 45% year-to-date TSMC Stock Soars on AI Boom: Record Highs, Big Ambitions & Geopolitical Risks (Oct 2025 Update)^[2]. The company's market capitalization now hovers around NT$35 trillion (over US$1.1 trillion) TSMC Stock Soars on AI Boom: Record Highs, Big Ambitions & Geopolitical Risks (Oct 2025 Update)^[2]. Despite the high valuation, analyst sentiment remains bullish, with many rating TSMC a "Buy" or equivalent TSMC Stock Soars on AI Boom: Record Highs, Big Ambitions & Geopolitical Risks (Oct 2025 Update)^[2].

Geopolitical tensions, such as Taiwan's rejection of U.S. calls for a "50-50" chip output split and Chinese military drills, have added to the complexity surrounding TSMC TSMC Stock Soars on AI Boom: Record Highs, Big Ambitions & Geopolitical Risks (Oct 2025 Update)^[2]. However, the company's strong financial performance and technological leadership in cutting-edge chip manufacturing are expected to continue driving its growth.