TSMC reports October revenue up 59.7% year over year
Overview
TSMC reported October revenue of NT$586.89 billion ($17.88 billion), up 59.7% from a year earlier and 14.7% from September.
The company also reported a record third-quarter net profit of NT$763.1 billion and an operating margin of 58.7%. CNBC attributes the revenue growth to AI chip demand.
TSMC expects capital expenditure from 2026 to 2028 to be significantly higher than in the previous three years.
Written by AI from the articles below · updated Nov 10, 1:33 AM ET
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- CNBC · TechnologyNewsTSMC's October revenue rises 59.7% year over year on AI chip demand
AITSMC reported October revenue of NT$586.89 billion ($17.88 billion), up 59.7% from a year earlier and 14.7% from September. The chipmaker's third-quarter net profit hit a record NT$763.1 billion, and its operating margin reached 58.7%. TSMC expects capital expenditure from 2026 to 2028 to be significantly higher than in the previous three years.
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