October Revenue Tops Chart, First 10 Months Up Over 40%
TSMC announced on the 10th that consolidated October revenue reached NT$5868.9 hundred million, up 14.7% month-on-month and 59.7% year-on-year, surpassing August's NT$5148.06 hundred million to set a new all-time single-month high. Cumulative revenue for the first 10 months of this year reached NT$4 trillion 4856.17 hundred million, up 43.3% year-on-year. The top three single-month revenues all occurred this year, with October leading at NT$5868.9 hundred million, about NT$720.84 hundred million higher than the original August record, an increase of about 14%; August ranked second at NT$5148.06 hundred million, while September's NT$5118.57 hundred million ranked third.
iPhone Pull-in and AI Demand Boost Momentum
Observing recent monthly revenue changes, TSMC rebounded strongly in October after a slight pullback in September, reflecting Apple's new iPhone pull-in peak season, plus strong global AI chip and advanced-process demand, continuing to boost operating momentum.
Q3 Profit Hits Double Highs With 66.4% Gross Margin
Looking back at the Q3 earnings report, TSMC posted quarterly revenue of NT$1 trillion 4942.43 hundred million, up 17.6% quarter-on-quarter and 50.9% year-on-year; after-tax net profit was NT$7630.6 hundred million, with earnings per share of NT$29.43, both setting new quarterly highs. Gross margin was 66.4% and operating profit margin reached 58.7%, reflecting strong advanced-process demand and high capacity utilization. However, initial 2nm mass-production costs and overseas expansion spending remain important factors to watch for subsequent profitability.
Q4 Guidance Progress and Share Price Near 60 Trillion
Looking ahead to Q4, TSMC estimated at its October investor conference that US-dollar revenue will fall between US$523 hundred million and US$543 hundred million, which converted at the assumed exchange rate of NT$31.8 to US$1 is about NT$1 trillion 6631.4 hundred million to NT$1 trillion 7267.4 hundred million. Based on October revenue of NT$5868.9 hundred million, about 34% of the midpoint of the Q4 revenue guidance has been achieved; to reach the upper end of the guidance, November and December combined still need to contribute about NT$1 trillion 1398.5 hundred million, averaging about NT$5699.3 hundred million per month. On capital expenditure, TSMC maintained its full-year plan of US$600 hundred million to US$640 hundred million, continuing to expand advanced-process and advanced-packaging capacity. As 2nm mass production accelerates and overseas fabs come online, initial depreciation and operating costs may still dilute gross margin, becoming a key focus for subsequent profit performance. On the share price, TSMC closed today at NT$2285, up NT$50 or 2.24%, with trading volume of about 34160 lots; based on issued shares, total market capitalization is about NT$59.26 trillion, an increase of about NT$1.3 trillion in a single day, just one step away from returning to the NT$60 trillion mark.