TSMC Reports Record Profits for Six Consecutive Quarters Driven by AI Demand

In October 2026, TSMC reported that its revenue for the third quarter ending in September reached NT$1.49 trillion (approximately $467 billion), representing a 51% year-over-year increase. This figure exceeded the average analyst expectation of NT$1.46 trillion and surpassed the upper limit of the company's previous guidance range of $446 billion to $458 billion. Driven by robust demand for AI computing power, financial institutions including Bank of America and HSBC raised their target prices for TSMC on October 12 while maintaining buy ratings, setting new targets at NT$3260 and NT$3800 respectively. TSMC's stock price had already reached historic highs earlier in the month, currently trading at NT$2550. As a core foundry partner for NVIDIA and Apple, TSMC is widely regarded as a key economic barometer for AI demand. The strong sales data reinforced market confidence in the future of AI demand amid investor concerns regarding rising debt levels, regulatory headwinds, and calls from OpenAI and Anthropic to moderate the pace of AI development. Concurrently, AMD CEO Lisa Su stated that chip demand is expected to grow significantly over the coming years, Samsung Electronics reported an operating profit increase of nearly nine times year-over-year, and AI server manufacturer Foxconn also posted quarterly sales that exceeded expectations. TSMC is scheduled to officially release its Q3 financial report on Thursday, October 15, with market expectations pointing toward a continuation of the upward growth momentum into the fourth quarter.