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Earnings1 min read
TSMC Sets Sixth Straight Quarterly Profit Record on AI Demand
The chipmaker reported NT$763.1 billion in third-quarter net income, above estimates, as demand for AI chips continued to support results.
Key takeaways
- TSMC reported third-quarter net income of NT$763.1 billion, up 68.7% from a year earlier.
- Revenue and net income both exceeded LSEG estimates.
Taiwan Semiconductor Manufacturing Co. reported a record third-quarter net profit for a sixth straight quarter, with net income rising 68.7% from a year earlier to NT$763.1 billion.
Revenue reached NT$1.49 trillion, compared with analyst estimates of NT$1.47 trillion, while net income topped the NT$746.34 billion estimate, according to LSEG SmartEstimates.
As of 05:24 UTC on Thursday, TSMC shares traded at NT$2,435, down 2.21% from the previous close.
Topics
2330TSMC
Further reading
CNBC: TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom ↗tagesschau: Marktbericht: Börsen zwischen KI-Euphorie und Inflationssorgen ↗The Economic Times: Global Market: TSMC set for sixth straight record quarterly profit on AI chip boom ↗
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
