The world’s leading contract chip manufacturer, Taiwan Semiconductor Manufacturing Company, saw its net profit rise by 69 per cent in the third quarter compared with the same period last year – to 763.1 billion New Taiwan dollars ($23.6 billion), according to its financial statements.
Revenue rose by 50 per cent to 1.49 trillion dollars.
The company thus ended the quarter with record figures for both profit and revenue.
Analysts had forecast, on average, that the company would post a profit of 746.3 billion with revenue of 1.47 trillion dollars, according to LSEG SmartEstimate.
TSMC’s free cash flow for July–September stood at $476.6 billion, compared with $139.4 billion a year earlier.
TSMC expects revenue in the fourth quarter to be in the range of $52.3–54.3 billion, compared with $33.73 billion for the same period in 2025.
The company also confirmed that capital expenditure this year is expected to be in the range of $60–64 billion.
TSMC’s share price fell by 2% at the close of trading on Thursday, although the results were published after the market had closed. Since the start of this year, the company’s market capitalisation has risen by 57%.
Its clients include the US firms Apple and Nvidia, as well as the Japanese firm Sony.