Taiwan Semiconductor Manufacturing Co. on Thursday reported a record third-quarter profit that beat estimates, powered by an unrelenting global appetite for AI chips.
Here are TSMC's third-quarter results against LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:
The world's largest contract chipmaker posted a record net profit for a sixth straight quarter, reporting 68.7% surge in the reported quarter from a year earlier.
TSMC's third-quarter operating margin came in at 58.7%, exceeding the upper end of its guidance range of 58%, showcasing the pricing power enjoyed by the company as the AI boom fuels demand for semiconductors.
By technology, 3-nanometer chips accounted for the largest share of its revenue in the third quarter at 33%, followed by 5-nanometer and 7-nanometer chips.