TSMC posts record Q3 profit of NT$763.1 billion, beating estimates on AI chip demand
Overview
Taiwan Semiconductor Manufacturing Co reported a record third-quarter net profit of NT$763.1 billion, above the NT$746.34 billion that LSEG SmartEstimates expected.
Revenue reached NT$1.49 trillion ($46.36 billion), and the operating margin hit 58.7%, above the top of the company's guidance range.
High-performance computing, the segment that includes AI chips, made up 68% of revenue. Free cash flow rose to NT$476.56 billion. CNBC reports that TSMC attributed the results to global demand for AI chips.
Written by AI from the articles below · updated Oct 15, 2:14 AM ET
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- CNBC · TechnologyNewsTSMC posts record third-quarter profit, beating estimates on AI chip demand
AITSMC 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.
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