TSMC posts record third-quarter profit, beating estimates on AI chip demand

TSMC reported a record third-quarter net profit of NT$763.1 billion, above the NT$746.34 billion LSEG SmartEstimates expected. Revenue reached NT$1.49 trillion ($46.36 billion), and the operating margin hit 58.7%, above the top of its guidance range. High-performance computing made up 68% of revenue, and free cash flow rose to NT$476.56 billion.