Business · Companies · 1 hr ago
TSMC third-quarter profit rises 69% to a record
Taiwan chipmaker TSMC reported a record third-quarter profit.
Its profit rose 69% from a year earlier, according to the reported results.
Before the results, analysts had forecast a 65% rise to T$746.3 billion, or US$23.4 billion.
The increase beat analysts’ expectations.
The forecast pointed to demand for chips used in artificial intelligence as a driver.
AI chip demand was central to the outlook.
The available information does not say what TSMC plans to do next.
Reuters reported that TSMC’s third-quarter profit rose 69% to a record.
Reuters’ headline said the result beat expectations.
Before that report, an LSEG SmartEstimate projected a 65% rise in third-quarter net profit.
The estimate was based on forecasts from 16 analysts and put profit at T$746.3 billion, or US$23.4 billion.
Tech in Asia linked expectations for record profit to demand for AI chips.
- Who
- Taiwan Semiconductor Manufacturing Co. (TSMC).
- What
- Reuters reported that third-quarter profit rose 69% to a record, beating expectations.
- When
- Third quarter; the reports were published on October 15, 2026.
- Where
- Not stated.
- Why
- Tech in Asia cited demand for AI chips in its headline, but the articles do not state why profit rose.
This story does not have two clearly opposing sides.
Tech in Asia reported an analyst estimate projecting a 65% rise in third-quarter net profit.
Reuters reported that third-quarter profit rose 69% to a record, beating expectations.
- Reported profit rise
- 69%
- Analyst forecast profit rise
- 65%
- Analyst forecast
- T$746.3 billion (US$23.4 billion)
- Forecast basis
- 16 analyst forecasts
- Reports published
- October 15, 2026