TSMC posted its third straight earnings beat, with third-quarter EPS of $4.60 against a $4.46 consensus and revenue of $46.72 billion, up 41.2% in dollar terms. It guided fourth-quarter revenue to $52.3 billion to $54.3 billion. Even so, shares fell 10.97% over the past month and closed at $406.13. CFO Wendell Huang said that if the company executes well, revenue growth will outpace capex growth. The 24/7 Wall St. price target is $516.16, implying 27.09% upside, with a bull case of $536.47 and a bear case of $432.68, and the article flags margin dilution from overseas fabs as a risk, with gross margin down 1.3 points sequentially and guided margins of 65% to 67%.
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TSMCearningssemiconductorsartificial intelligence
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/04/2026 | 200.28 |
| Change that session | -3.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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