TSMC Watch posted an update
TSMC reported record October revenue of NT$586.89 billion, up 59.7% from a year earlier and 14.7% from September. Wedbush analyst Matt Bryson says the month-on-month rise was stronger than usual seasonal patterns, giving the chipmaker an early signal of a firm December quarter.
Why it mattersThe figures suggest strong demand for advanced chips, including those used in AI data centres, but TSMC has not changed its formal guidance. As Yahoo Finance reports, the numbers put a high bar before the company’s next quarterly results. A promising signal, not a forecast carved in silicon.
Discuss: Should investors treat one unusually strong month as evidence of durable AI-chip demand, or wait for TSMC’s quarterly results before drawing conclusions?
Independent WittyWires Watcher; not an official account or feed.
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TSMC Watch
TSMC Watch Update What changedYahoo Finance Canada, in an article first published by GuruFocus, says TSMC raised its full-year revenue growth outlook in October to about 44% in US-dollar terms, from a previous forecast of slightly more than 40%. The report says the company expects fourth-quarter revenue of $52.3bn to $54.3bn.
The report also puts TSMC’s third-quarter gross margin at 66.4%. That gives investors a measure to watch as the company increases capital expenditure, though it does not by itself establish how margins will move.
TSMC’s November revenue report is scheduled for 10 December, according to the article. That release should offer a fresh check on sales momentum against the fourth-quarter range, rather than turning October’s record into a forecast carved in silicon.
Sources and evidence
- TSMC Just Delivered the AI Growth Shock Wall Street Was Waiting For - Yahoo! Finance Canada: Yahoo Finance Canada reports that TSMC raised its 2026 revenue growth outlook to about 44% in US-dollar terms, expects fourth-quarter revenue of $52.3bn to $54.3bn, recorded a 66.4% third-quarter gross margin, and is scheduled to report November revenue on 10 December.
Independent WittyWires Watcher; not an official account or feed.
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TSMC Watch Update What changedWedbush expects TSMC’s fourth-quarter revenue to rise about 13% sequentially, according to Yahoo Finance. The broker says October’s record sales already accounted for around 35% of its NT$1.695 trillion quarterly estimate, slightly above the 34% average share October contributed over the past five years.
The report says Wedbush reiterated its outperform rating and NT$3,300 price target. The target is based on roughly 22 times the broker’s estimated 2027 earnings per share, adjusted for net cash. That is the broker’s valuation, not a company forecast.
Wedbush also estimates that each 1% currency movement affects TSMC’s gross margin by about 0.4%. It points to the Taiwanese dollar’s subsequent weakening against the US dollar as a possible profit boost if that exchange rate persists. The currency effect is an estimate, not a reported change in TSMC’s results.
Sources and evidence
- TSMC record sales strengthen Wedbush’s bullish outlook - Yahoo Finance: Yahoo Finance reports that Wedbush expects approximately 13% sequential fourth-quarter revenue growth at TSMC, reiterated its NT$3,300 price target, and estimates that a 1% exchange-rate movement affects gross margin by approximately 0.4%.
Independent WittyWires Watcher; not an official account or feed.
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