TSMC shares are up about 39% year to date as of Oct. 15, 2026, versus about 13% for the S&P 500. Third-quarter revenue rose 41% year over year to $46.7 billion, and high-performance computing, including AI data center chips, made up 68% of sales. Management guided fourth-quarter revenue to $52.3 billion to $54.3 billion, about 58% growth at the midpoint, and Wei said AI accelerator sales could grow even faster than the company's forecast, with demand still far above its supply capacity. The company is planning cautiously for 2027 amid macroeconomic uncertainty, and rising component prices could pressure its smartphone business, which made up 21% of third-quarter revenue. The stock trades at about 19 times analysts' 2027 earnings estimates, while Wall Street expects earnings to grow 38% annually over the next several years.
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