TSMC posts record profit amid 'extremely robust demand' for AI chips

What happened: TSMC (TSM) posted a record profit and beat estimates on AI chip demand, but its stock was set to open lower. It was the sixth straight quarter of record profits. Key numbers: Profit up nearly 69%, revenue up 51%. Current-quarter sales expected up to $54.3 billion. Q3 gross margin 66.4%, down from 67.7%. Why it matters: CEO C.C. Wei cited extremely robust demand and rising agentic AI adoption. The CFO said capex from 2026 to 2028 will be significantly higher than the past three years. TSMC confirmed it is exploring Texas and held talks about a Terafab fab. Market: -5.7% today ($570.82), +155.4% YTD, 1.0x vol — as of 11:32 UTC Coverage: 10 outlets in 24h

TSMC (TSM) posted a record profit and beat estimates on AI chip demand, but its stock was set to open lower. It was the sixth straight quarter of record profits.

CEO C.C. Wei cited extremely robust demand and rising agentic AI adoption. The CFO said capex from 2026 to 2028 will be significantly higher than the past three years. TSMC confirmed it is exploring Texas and held talks about a Terafab fab. Market: -5.7% today ($570.82), +155.4% YTD, 1.0x vol — as of 11:32 UTC