TSMC profit rises 68.7% as fourth-quarter revenue outlook climbs
TSM
TSMC reported third-quarter net income of NT$763.06 billion, up 68.7% from a year earlier. Its fourth-quarter revenue forecast of US$52.3 billion to US$54.3 billion points to further growth from the latest quarter.[1]
The figures behind the result
For the quarter ended September 30, revenue reached US$46.72 billion, up 41.2% year over year. Diluted earnings were NT$29.43 per share, or US$4.60 per ADR unit. Gross margin was 66.4%. The consolidated results follow Taiwan IFRS accounting standards.[1]
Currency matters: revenue grew 50.9% in Taiwan dollars, compared with 41.2% in US dollars. Those are two presentations of the same quarter, rather than competing growth figures.[1]
What matters for TSM investors
The outlook shifts attention from the quarter just reported to delivery in the next one. Revenue guidance exceeds the latest result, but remains a forecast. Investors will need to assess whether that growth translates into sustained profitability; a strong earnings report alone does not establish an attractive share valuation.[1]
TSM insider trading activity
In open-market trades dated in the last 90 days, 30 insiders bought $608K and no insider sold, per Form 4 filings.
- Lipen Yuan (VP) bought 3,473 shares for $255K, last filed Nov 3.
- Che-Chia Wei (Chairman and CEO) bought 445 shares for $34K, last filed Oct 8.
- Yuh-Jier Mii (EVP and Co-COO) bought 211 shares for $16K, last filed Oct 8.
- Yung-Pei Chin (EVP and Co-COO) bought 210 shares for $16K, last filed Oct 8.
- Yung-Chin Hou (SVP and Deputy Co-COO) bought 184 shares for $14K, last filed Oct 8.
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TSM 13F fund activity
In 13F filings for the quarter ended Jun 30, 2026, 18 funds we track made a large change in TSM: 8 opened a position or grew one by half or more, and 10 cut one by half or more, 2 of them selling out completely.
- Citadel Advisors LLC cut 3,509,823 shares.
- Situational Awareness LP added 2,626,612 shares.
- D. E. Shaw & Co., Inc. cut 2,285,747 shares.
- Dodge & Cox added 1,332,967 shares.
- Lone Pine Capital LLC cut 1,288,288 shares.
TSM Congress trades
3 members of Congress reported 5 trades in TSM dated in the last 180 days: 5 purchases and 0 sales. Congress reports a value range, not an exact amount.
- Rep. Cleo Fields (D) bought $1K-$15K on Oct 9, filed Oct 22.
- Rep. Gilbert Cisneros (D) bought $1K-$15K on Sep 22, filed Oct 12.
- Rep. Richard W. Allen (R) bought $1K-$15K on Aug 12, filed Sep 22.
- Rep. Cleo Fields (D) bought $1K-$15K on Jul 10, filed Jul 30.
- Rep. Richard W. Allen (R) bought $1K-$15K on May 8, filed Jun 16.
