TSMC reports Q3 revenue up 50.9% YoY to $46.36B, net income up 68.7% to $23.7B, both above est., marking a sixth straight quarterly profit record on AI demand (Jenny Lee/CNBC)
TSMC’s quarterly net income exceeded half its revenue.
Third-quarter revenue rose 50.9% year over year to $46.36 billion, while net income climbed 68.7% to $23.7 billion. Both beat estimates. Strong demand for AI chips powered the company’s sixth consecutive quarterly profit record.
Techmeme's note
Third-quarter revenue rose 50.9% year over year to $46.36 billion, while net income climbed 68.7% to $23.7 billion. Both beat estimates. Strong demand for AI chips powered the company’s sixth consecutive quarterly profit record.
Techmeme's note
score 6