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Management expects production to remain below demand despite higher investment. Conflicting published revenue totals leave the month’s absolute sales figure unresolved.
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TSMC’s AI-driven growth is prompting a multiyear capacity push, but the company expects chip supply to remain below customer demand in coming quarters. Its October sales growth rates are consistent across reports, while the reported revenue totals are not: CNBC gives NT$586.89 billion and Investing.com gives NT$367.47 billion, a discrepancy that remains unresolved. The mismatch makes the growth rates more dependable than either total until the figures are reconciled.
TSMC said capital expenditure from 2026 through 2028 will be significantly higher than in the prior three years.
CEO C.C. Wei expects strong AI-related chip demand to continue well into 2027 and beyond, according to Investing.com.
Third-quarter net profit hit a record NT$763.1 billion, and the 58.7% operating margin exceeded the top of TSMC’s guidance range.
TSMC’s October sales rose 59.7% from a year earlier and 14.7% from September, adding another month of growth amid heavy AI investment. The figures, released November 10, come as the chipmaker prepares to spend more on production capacity—and warns that output is likely to fall short of demand in coming quarters.
The world’s largest contract chipmaker is benefiting from strong demand for advanced semiconductors as major technology companies continue investing heavily in artificial intelligence. CNBC linked that spending to October’s growth, which follows TSMC’s record third-quarter profit.
CNBC and Investing.com, whose article appeared on Yahoo Finance, give the same annual growth rate and approximately the same monthly increase. But their October revenue totals differ substantially. Both figures are in New Taiwan dollars; the discrepancy remains unresolved.
CNBC’s published October revenue figure.
The October revenue figure published by Investing.com and carried by Yahoo Finance.
TSMC reported third-quarter net profit of NT$763.1 billion, a record that beat estimates, while revenue reached NT$1.49 trillion. Its operating margin was 58.7%, exceeding the 58% upper end of its guidance range. The quarter therefore delivered both a profit beat and a margin above management’s target.
To support customer demand, TSMC expects capital expenditure from 2026 through 2028 to be significantly higher than in the preceding three years. The spending outlook spans a three-year period, putting the company’s expansion plans on a longer timetable than the latest monthly sales result.
CEO C.C. Wei forecasts that strong AI-driven chip demand will continue well into 2027 and beyond, according to Investing.com. The company plans to rapidly increase production capacity, but has warned that output is likely to remain below demand in coming quarters. Higher investment is not yet a promise of enough supply.
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