TSMC reported a record-breaking third quarter for 2026, with net income reaching $23.59 billion, a 68.7% increase year-over-year. Quarterly revenue hit $46.72 billion, marking a 50.9% rise compared to the same period in 2025.
The company has now achieved six consecutive quarters of record earnings and 11 straight quarters of year-over-year profit growth. Management projects fourth-quarter revenue between $52.3 billion and $54.3 billion, representing a potential growth of up to 61% year-over-year.
Advanced technologies, defined as 7nm and below, accounted for 79% of total wafer revenue in the third quarter. The contribution of 2nm chips to wafer revenue rose to 8% in the third quarter, up from 3% in the second quarter.
TSMC maintains significant capital expenditure plans, with annual spending projected between $60 billion and $64 billion. This investment strategy remains tied to sustained demand for high-performance computing and AI-related hardware.
