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TSMC beats Q3 expectations, sees strong AI-driven growth and raises CapEx through 2028

Company Fundamentals
15 Oct 2026
Seeking Alpha
View Source
Bullish
TSMC beats Q3 expectations, sees strong AI-driven growth and raises CapEx through 2028

Taiwan Semiconductor Manufacturing Company (TSMC) reported strong Q3 results with revenue and earnings per share surpassing expectations despite a sector-wide selloff linked to AI concerns. The company is accelerating its advanced chip production, especially the 2nm process, which is driving robust growth but temporarily affecting margins. Management remains optimistic about AI demand with Q4 guidance projecting 58% year-over-year revenue growth at the midpoint and plans to significantly increase capital expenditures through 2028. This positions TSM as a promising long-term investment amid current market volatility.

TSMC shares are trading at USD 421.00 on Pluang as of Oct 15, 2026 19:01 WIB, down 2.09% for the day. The stock holds a market cap of $2.01 trillion, reflecting its significant scale in the semiconductor industry. Despite the recent price dip, Pluang users show a buying interest with 67% of order activity favoring purchases.

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