TSMC Q3 Earnings Preview: Record Highs & AI Bo

TSMC Q3 Earnings Preview: Record Highs & AI Boom Await

Thursday, October 16, 2pm in Taiwan

Market Expectations (NT$)

Revenue: NT$989.9B (confirmed) – Beat guidance, fresh record high

Net Profit: NT$410.58B – NT$415.4B

Market Expectations (US$)

Revenue: $31.5B

EPS: $2.59

TSMC Guidance

Revenue: US$31.8B – $33.0B

Gross Margin: 55.5% – 57.5% (beat expected)

Operating Margin: 45.5% – 47.5%

Top Analyst Questions (from media & reports):

Geopolitics: Tariffs? China rare earths risks?

US Pressure: More investments? Intel partner/invest rumors?

Taiwan Dollar Strength: Impact on earnings & sales?

Full-Year Outlook: Raise +30% YoY revenue target?

AI Surge: Effects of massive projects from OpenAI, Oracle, xAI & others?

AI Trends: TSMC view on semiconductor impact?

Global Buildout: Status in USA, Japan, Germany & Taiwan?

Capex Plans: Raise 2025 guidance? 2026 higher than 2025?

Q4 Outlook: Revenue & guidance details?

Process Tech: 2nm mass production timeline?

A16 & A14 updates?

Advanced Nodes (3/4/5/7nm): Reportedly fully booked – Demand outlook?

Pricing: Hikes next year?

CoWoS Capacity: Faster expansion? Revised 2025 view?

New Packaging Tech: What's next for 2026+?

Cost Savings: Can advanced packaging reduce front-end capex?

Expect greatness. AI demand is red-hot. What are you watching for? $Taiwan Semiconductor(TSM.US) $NVIDIA(NVDA.US) $Apple(AAPL.US) $AMD(AMD.US) $Broadcom(AVGO.US) #Semiconductors #semiconductor

Source: Dan Nystedt