TSMC posts forecast-beating Q3 revenue surge on AI boom
The logo of Taiwan Semiconductor Manufacturing Company (TSMC) is displayed at its fabrication plant in Kaohsiung, Taiwan, June 7, 2025. REUTERS/Ann Wang
TAIPEI :TSMC, the world's largest contract chipmaker, reported on Thursday third-quarter revenue rose 30 per cent year-on-year, beating the market forecast, as demand for the company's products leapt on surging interest in artificial intelligence applications.
Revenue for July-September came in at T$989.92 billion ($32.47 billion), according to Reuters calculations, compared with T$759.69 billion in the year ago period.
The latest result handily topped an LSEG SmartEstimate of T$973.26 billion drawn from 22 analysts, and was in the mid-point of guidance of $31.8 billion to $33 billion issued by TSMC in July in its last earnings call. TSMC only gives guidance in U.S. dollars.
TSMC will report full third-quarter earnings on October 16, including an updated outlook for the current quarter and full year.
The company, whose customers include Nvidia and Apple, has been a major beneficiary of advances in AI, which has more than offset the tapering off of pandemic-led demand for chips used in consumer electronics like tablets.
TSMC's Taipei-listed shares have gained 34 per cent so far this year, compared with an 18.5 per cent rise for the broader market.
Taiwan's Foxconn, the world's largest contract electronics maker and Nvidia's biggest server maker, has also reported bumper sales, logging its highest-ever revenue for the third quarter.
($1 = 30.4880 Taiwan dollars)
