Chip-making colossus Taiwan Semiconductor Manufacturing Co (NYSE:TSM) said its revenues for the third quarter were up 30% on last year, beating the average analyst forecast, as the artificial intelligence market drove demand.
Revenue for September came in at T$330.98 billion (US$10.85 billion), down 1.4% from August 2025 but an increase of 31.4% on a year earlier, powered by production of microchips in extremely high volumes for customers led by Apple, Nvidia, Qualcomm, AMD, Broadcom and Intel.
For the nine months of the year to date, revenue totalled T$2.763 trillion (US$90.53 billion), which is 36.4% higher than the same period in 2024.
For the third quarter, revenue came to T$989.92 billion (US$32.47 billion), according to Reuters.
Analysts were expecting revenues of T$973.26 billion, on average, per LSEG data, while TSMC guided to a Q3 range of $31.8 billion to $33 billion in July.
TSMC said it will report full quarterly earnings on October 16, including new guidance.
In July, the company's Taipei-listed shares closed above a US$1 trillion market valuation, propelled by booming demand for chips used in AI, joining the ranks of the world’s most valuable companies alongside Nvidia, Apple, Alphabet and Meta.