TSMC's September Haul Puts Full-Year Guidance Within Reach Ahead of October 15 Earnings
Published on 10/09/2026 at 00:01 | Editorial boerse-global.de
Taiwan Semiconductor Manufacturing Co. closed out September with consolidated revenue of NT$511.86 billion, a 54.6% surge from the same month a year earlier. Sequentially, the figure slipped just 0.6% from August — a rounding-error dip that does little to dent a picture of sustained momentum at the world's largest contract chipmaker.
That monthly tally feeds into a third-quarter total of roughly NT$1.49 trillion, a record for the company and a result that clears the bar management set in July. Back then, TSMC guided to quarterly revenue of between $44.6 billion and $45.8 billion; the actual performance landed above that range, according to figures derived from the monthly disclosures. Analysts surveyed by Reuters had also penciled in a slightly softer number, meaning the foundry beat expectations on both fronts.
Nine-Month Tally Keeps Annual Target in Sight
For the first nine months of the year, revenue reached NT$3.89873 trillion — a 41.1% advance year over year. That pace puts the company on track for the upper end of its full-year forecast, which management raised in the summer to somewhat above 40%.
The engine behind the numbers remains familiar: unrelenting demand for cutting-edge semiconductors. Data-center processors and artificial intelligence applications are keeping order books full, while market watchers point to the ramp-up of mass production ahead of new smartphone launches as an additional tailwind. Major technology names including Nvidia and Apple continue to lock in substantial capacity for their most advanced computing chips.
Should investors sell immediately? Or is it worth buying TSMC?
Margin Questions Loom Over October 15 Report
The complete quarterly financials, due October 15, will offer the clearest read yet on profitability. Investors will be watching closely to see whether heavy spending on manufacturing capacity is starting to weigh on margins. Ramping new process technologies can temporarily pressure profitability, and the construction of additional fabs demands significant capital outlays — making any commentary on future utilization rates a focal point.
Management's task at the presentation will be to demonstrate that global capacity demand holds up over the medium term as well. Until then, the latest monthly figures underscore that utilization across TSMC's production sites remains elevated.
Analysts See More Room to Run
Industry experts remain constructive on the business outlook. Wedbush considers full-year revenue growth in the mid-40% range achievable. The firm also expects wafer price adjustments of 5% to 10% starting in early 2027. Citi analyst Atif Malik likewise anticipates further upward revisions to earnings estimates, projecting annual revenue growth above 40% through 2027.
Stock Retreats Despite Upbeat Fundamentals
Equity markets took the news in stride rather than celebrating it. In German trading, the shares changed hands at EUR 407.00, down 3.7% on the day, with traders attributing the pullback largely to a broad consolidation in technology stocks pressured by rising US Treasury yields. A separate reading put the stock at EUR 416.50 for a lighter daily loss of 1.4%.
The muted reaction reflects an already elevated expectations bar. Even after the recent softness, the stock has climbed 62% since the start of the year. The underlying momentum in high-performance computing remains intact — and whether the shares can resume their upward trajectory will hinge largely on the outlook for the closing quarter.
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TSMC Stock: New Analysis - 9 October
Fresh TSMC information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
