TSMC reported record third-quarter results on Oct. 15, with revenue up 50% and net profit up 69%, marking its sixth straight quarter of record profit. Yet the stock slipped after the report and is still down 7% over the past month, after rising 39% year to date beforehand. Gross margin of 66.4% matched guidance of 65%–67% but fell from 67.7% in the second quarter as 2nm ramp-up and overseas fab expansion weighed, while capex is set to rise 47%–56% from 2025 and the company kept its target at $60 billion to $64 billion. Concerns include a possible AI slowdown that could cool HPC growth if hyperscalers such as Amazon and Microsoft rein in AI spending. TSMC raised its full-year revenue growth outlook to 44% in USD terms, its third guidance boost in 2026, and analysts expect 2025–2028 revenue and EPS CAGRs of 36% and 42%, with the stock trading at 16 times next year's earnings.
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TSMCsemiconductorsearningsartificial intelligenceNVDA
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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