StocksMediumUpdated×4•Originally published 14 October 2026•Updated 15 October 2026•
1 min read
TSMC Q3 Profit Jumps 69% Beating Estimates on AI Chip Demand
Key Facts
1TSMC is forecast to report booming quarterly profits driven by robust AI chip demand.
2Investor focus is shifting toward TSMC's negotiations with Elon Musk regarding his Terafab project.
TSMC reported a 69% jump in third-quarter net profit on October 15, 2026, exceeding previous analyst expectations of 65% growth. This result marks the company's sixth consecutive record profit, fueled by sustained demand for artificial intelligence chips.
Investor attention remains on capital expenditure guidance for 2027 following reports of negotiations with Elon Musk regarding his Terafab project and expansion plans in Texas. TSM closed at $445.12 on October 13, 2026, after reaching a session high of $445.5.
Latest Updates · 1
- Notable·
Update: The company's revenue reached NT$1.49 trillion, representing a 50.9% increase year-over-year. TSM shares listed in the US closed at $430 on October 14, 2026, declining 3.4% ahead of the results announcement.