TSMC Revenue Hits $46.7 Billion on Surging AI Chip Demand

Key Facts

1TSMC reported third-quarter revenue of $46.7 billion, up 16.2% sequentially.

2TSMC's results exceeded the high end of its guidance due to growing AI chip demand.

TSMC reported third-quarter revenue of $46.7 billion, representing a 16.2% increase from the previous quarter. Benzinga reported that these results exceeded the high end of the company's previous guidance, driven by robust demand for artificial intelligence chips.

The acceleration of AI investment is compelling customers to expand equipment plans and increase chip orders across the industry. TSM closed at $412.61 on October 16, 2026, having reached a session high of $421.49 during the same day.