Can robust TSMC earnings help settle AI jitters?

What happened: TSMC reported a $23.59 billion net profit for Q3 2026, its sixth consecutive record quarter, but AI-linked semiconductor stocks kept selling off. Key numbers: Net profit $23.59 billion, up 68.7% year over year. EPS per ADR $4.60 vs $4.42 consensus. Taiwan-listed shares closed down 2%. Q4 revenue guidance $52.3 billion to $54.3 billion. Why it matters: The beat failed to halt the AI selloff. Vital Knowledge noted call language suggesting non-AI chip demand is sluggish, while CEO C.C. Wei said planning for 2027 is prudent amid rising component prices and macro uncertainty. Market: -4.0% today ($52.10), -30.6% YTD, 1.1x vol — as of 07:45 UTC

TSMC reported a $23.59 billion net profit for Q3 2026, its sixth consecutive record quarter, but AI-linked semiconductor stocks kept selling off.

The beat failed to halt the AI selloff. Vital Knowledge noted call language suggesting non-AI chip demand is sluggish, while CEO C.C. Wei said planning for 2027 is prudent amid rising component prices and macro uncertainty. Market: -4.0% today ($52.10), -30.6% YTD, 1.1x vol — as of 07:45 UTC