TSMC Q3 2026 earnings jump 68.7% to NT$763B
Advanced technologies accounted for 79% of wafer revenue, and management expects 2026 revenue to rise around 44% in U.S. dollar terms.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
6-K
Rhea-AI Filing Summary
Taiwan Semiconductor Manufacturing Company Limited reported third-quarter 2026 revenue of NT$1,494.24 billion and net income of NT$763.06 billion, up 50.9% and 68.7% year over year, respectively. Diluted EPS was NT$29.43 (US$4.60 per ADR unit), up 68.7%. Revenue and net income also rose 17.6% and 8.0% from the second quarter. Gross margin was 66.4%, operating margin 58.7%, and net profit margin 51.1%.
Advanced technologies, defined as 7-nanometer and more advanced, accounted for 79% of total wafer revenue. Management expects continued demand for leading-edge process technologies, including a steep ramp-up of 2-nanometer technology.
For fourth-quarter 2026, management expects revenue of US$52.3 billion to US$54.3 billion. Based on an exchange-rate assumption of US$1 to NT$31.8, it expects gross profit margin of 65% to 67% and operating profit margin of 56.5% to 58.5%. Management expects 2026 revenue to increase around 44% in U.S. dollar terms.
3 points · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter revenue rose 50.9% year over year to NT$1,494.24 billion.
- Moderate pointThird-quarter net income increased 68.7% year over year to NT$763.06 billion.
- Moderate pointThird-quarter cash from operating activities: NT$919.77 billion versus NT$426.83 billion a year earlier.
Negative
- None.
Filing Explained
Gross and operating margins were lower than Q2.
This Form 6-K furnishes TSMC’s third-quarter earnings release and conference presentation. The balance-sheet table reports cash and marketable securities of
The presentation defines free cash flow as cash from operating activities less capital expenditures. It reports Q3 free cash flow, compared with Q2 and Q3 2025.
Gross margin was
Key Figures
Revenue: NT$1,494.24 billion
Net income: NT$763.06 billion
Diluted EPS: NT$29.43 per share
+5 more
8 metrics
Revenue
NT$1,494.24 billion
Third-quarter 2026; increased 50.9% year over year.
Net income
NT$763.06 billion
Third-quarter 2026; increased 68.7% year over year.
Diluted EPS
NT$29.43 per share
Third-quarter 2026; increased 68.7% year over year.
Cash from operating activities
NT$919.77 billion
Third-quarter 2026; NT$426.83 billion in third-quarter 2025.
Fourth-quarter revenue outlook
US$52.3 billion to US$54.3 billion
Management's fourth-quarter 2026 outlook.
2026 revenue growth outlook
Around 44%
Management expects revenue to increase in U.S. dollar terms.
Gross profit margin outlook
65% to 67%
Management's fourth-quarter 2026 outlook.
Operating profit margin outlook
56.5% to 58.5%
Management's fourth-quarter 2026 outlook.
Key Terms
pure-play foundry, advanced technologies, Free Cash Flow, weighted average outstanding shares
4 terms
pure-play foundry technical
"pioneered the pure-play foundry business model"
advanced technologies technical
"defined as 7-nanometer and more advanced technologies"
Free Cash Flow financial
"Free cash flow = Cash from operating activities – Capital expenditures"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were TSM's third-quarter 2026 results?
TSMC reported NT$1,494.24 billion in revenue and NT$763.06 billion in net income for third-quarter 2026. Revenue rose 50.9% and net income rose 68.7% year over year.
What is TSM's fourth-quarter 2026 outlook?
Management expects fourth-quarter 2026 revenue of US$52.3 billion to US$54.3 billion. It expects gross profit margin of 65% to 67% and operating profit margin of 56.5% to 58.5%, based on an exchange-rate assumption of US$1 to NT$31.8.
How much free cash flow did TSM report for third-quarter 2026?
TSMC reported NT$476.56 billion in free cash flow for third-quarter 2026. The company defines free cash flow as cash from operating activities minus capital expenditures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
1934 Act Registration No. 1-14700
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 6-K
_____________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
(Commission File Number: 001-14700)
_____________________________
Taiwan Semiconductor Manufacturing Company Limited
(Translation of Registrant’s Name Into English)
_____________________________
No. 8, Li-Hsin Road 6
Hsinchu Science Park
Hsinchu 300-096, Taiwan
Hsinchu 300-096, Taiwan
Republic of China
(Address of Principal Executive Offices)
_____________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1):o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7):o
| SIGNATURES | |||||||||||||||||||||||
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | |||||||||||||||||||||||
| Taiwan Semiconductor Manufacturing Company Limited | |||||||||||||||||
| Date: October 15, 2026 | By | /s/ Wendell Huang | |||||||||||||||
| Wendell Huang | |||||||||||||||||
| Senior Vice President & Chief Financial Officer | |||||||||||||||||
Exhibits
| Exhibit Number | Exhibit Description | ||||
| 99.1 | Press release issued by TSMC on October 15, 2026. | ||||
| 99.2 | 2026 Third Quarter Earnings Conference Presentation Material. | ||||
 | ||
TSMC Reports Third Quarter EPS of NT$29.43
HSINCHU, Taiwan, R.O.C., Oct. 15, 2026 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$1,494.24 billion, net income of NT$763.06 billion, and diluted earnings per share of NT$29.43 (US$4.60 per ADR unit) for the third quarter ended September 30, 2026.
Year-over-year, third quarter revenue increased 50.9%, while net income and diluted EPS both increased 68.7%. Compared to second quarter 2026, third quarter results represented a 17.6% increase in revenue and an 8.0% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, third quarter revenue was $46.72 billion, which increased 41.2% year-over-year and increased 16.2% from the previous quarter.
Gross margin for the quarter was 66.4%, operating margin was 58.7%, and net profit margin was 51.1%.
In the third quarter, shipments of 2-nanometer accounted for 8% of total wafer revenue; 3-nanometer accounted for 33%; 5-nanometer accounted for 28%; and 7-nanometer accounted for 10%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 79% of total wafer revenue.
“Our business in the third quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into fourth quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology.”
Based on the Company’s current business outlook, management expects the overall performance for fourth quarter 2026 to be as follows:
•Revenue is expected to be between US$52.3 billion and US$54.3 billion;
And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars,
•Gross profit margin is expected to be between 65% and 67%;
•Operating profit margin is expected to be between 56.5% and 58.5%.
| ||
TSMC’s 2026 third quarter consolidated results:
(Unit: NT$ million, except for EPS)
3Q26 Amounta | 3Q25 Amount | YoY Inc. (Dec.) % | 2Q26 Amount | QoQ Inc. (Dec.) % | |||||||||||||
Net sales | 1,494,243 | 989,918 | 50.9 | 1,270,381 | 17.6 | ||||||||||||
Gross profit | 992,379 | 588,543 | 68.6 | 860,311 | 15.4 | ||||||||||||
Income from operations | 876,445 | 500,685 | 75.0 | 766,603 | 14.3 | ||||||||||||
Income before tax | 911,039 | 525,369 | 73.4 | 862,430 | 5.6 | ||||||||||||
Net income | 763,064 | 452,302 | 68.7 | 706,562 | 8.0 | ||||||||||||
EPS (NT$) | 29.43b | 17.44c | 68.7 | 27.25b | 8.0 | ||||||||||||
a: 3Q2026 figures have not been approved by Board of Directors
b: Based on 25,932 million weighted average outstanding shares
c: Based on 25,930 million weighted average outstanding shares
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 305 distinct process technologies, and manufactured 12,682 products for 534 customers in 2025 by providing the broadest range of advanced, specialty and advanced packaging technology services. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
# # #
TSMC Spokesperson: Wendell Huang Senior Vice President and CFO | Media Contacts: Nina Kao Head of Public Relations Tel: 886-3-563-6688 ext.712-5036 Mobile: 886-988-239-163 E-Mail: press@tsmc.com | Ulric Kelly Public Relations Tel: 886-3-563-6688 ext.712-6541 Mobile: 886-978-111-503 E-Mail: press@tsmc.com | |||||||||
Unleash Innovation © 02026 TSMC, Ltd TSMC Property Unleash Innovation 2026 Third Quarter Earnings Conference October 15, 2026
Unleash Innovation © 12026 TSMC, Ltd TSMC Property Agenda • Welcome Jeff Su, IR Director • 3Q26 Financial Results and 4Q26 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A
Unleash Innovation © 22026 TSMC, Ltd TSMC Property Safe Harbor Notice • TSMC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Information as to those factors that could cause actual results to vary can be found in TSMC’s 2025 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 16, 2026 and such other documents as TSMC may file with, or submit to, the SEC from time to time. • Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Unleash Innovation © 32026 TSMC, Ltd TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q26 3Q26 2Q26 3Q25 3Q26 Over 2Q26 3Q26 Over 3Q25(In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 46.72 44.6-45.8 40.20 33.10 +16.2% +41.2% Net Revenue 1,494.24 1,270.38 989.92 +17.6% +50.9% Gross Margin 66.4% 65.0%-67.0% 67.7% 59.5% -1.3 ppts +6.9 ppts Operating Expenses (116.43) (98.98) (87.76) +17.6% +32.7% Operating Margin 58.7% 56.0%-58.0% 60.3% 50.6% -1.6 ppts +8.1 ppts Non-Operating Items 34.59 95.83 24.68 -63.9% +40.1% Net Income Attributable to Shareholders of the Parent Company 763.06 706.56 452.30 +8.0% +68.7% Net Profit Margin 51.1% 55.6% 45.7% -4.5 ppts +5.4 ppts EPS (NT Dollar) 29.43 27.25 17.44 +8.0% +68.7% ROE 45.5% 45.9% 37.8% -0.4 ppts +7.7 ppts Shipment (Kpcs, 12"-equiv. Wafer) 4,476 4,336 4,085 +3.2% +9.6% Average Exchange Rate--USD/NTD 31.98 32.0 31.60 29.91 +1.2% +6.9% * Diluted weighted average outstanding shares were 25,932mn units in 3Q26 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company
Unleash Innovation © 42026 TSMC, Ltd TSMC Property 3Q26 Revenue by Technology
Unleash Innovation © 52026 TSMC, Ltd TSMC Property 3Q26 Revenue by Platform
Unleash Innovation © 62026 TSMC, Ltd TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q26 2Q26 3Q25 (In NT$ billions) Amount % Amount % Amount % Cash & Marketable Securities 4,016.98 39.9 % 3,518.01 37.5 % 2,751.06 37.4 % Accounts Receivable 483.56 4.8 % 440.92 4.7 % 307.81 4.2 % Inventories 427.75 4.3 % 385.53 4.1 % 288.69 3.9 % Long-term Investments 224.63 2.2 % 227.93 2.4 % 148.98 2.0 % Net PP&E 4,526.49 45.0 % 4,302.88 45.9 % 3,499.34 47.6 % Total Assets 10,052.89 100.0 % 9,375.65 100.0 % 7,354.11 100.0 % Current Liabilities 1,967.75 19.6 % 1,857.76 19.8 % 1,275.91 17.3 % Long-term Interest-bearing Debts 818.38 8.1 % 864.27 9.2 % 918.23 12.5 % Total Liabilities 3,009.66 29.9 % 2,901.18 30.9 % 2,318.53 31.5 % Total Shareholders' Equity 7,043.23 70.1 % 6,474.47 69.1 % 5,035.58 68.5 % Key Indices A/R Turnover Days 28 29 25 Inventory Turnover Days 82 87 74 Current Ratio (x) 2.6 2.5 2.7 Asset Productivity (x) 1.4 1.2 1.2 * Total outstanding shares were 25,932mn units at 9/30/26 ** Asset productivity = Annualized net revenue / Average net PP&E
Unleash Innovation © 72026 TSMC, Ltd TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 3Q26 2Q26 3Q25 Beginning Balance 3,134.22 3,035.64 2,364.52 Cash from operating activities 919.77 783.36 426.83 Capital expenditures (443.21) (496.00) (287.45) Cash dividends (155.59) (155.59) (116.70) Bonds payable (0.85) (31.66) (9.06) Investments and others 167.55 (1.53) 92.62 Ending Balance 3,621.89 3,134.22 2,470.76 Free Cash Flow * 476.56 287.36 139.38
Unleash Innovation © 82026 TSMC, Ltd TSMC Property 4Q26 Guidance Based on our current business outlook, management expects: ▪ Revenue to be between US$52.3 billion and US$54.3 billion And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars, management expects: ▪ Gross profit margin to be between 65% and 67% ▪ Operating profit margin to be between 56.5% and 58.5%
Unleash Innovation © 92026 TSMC, Ltd TSMC Property Future Outlook Based on our current business outlook, management expects: ▪ 2026 revenue to increase by around 44% in US dollar terms
Unleash Innovation © 102026 TSMC, Ltd TSMC Property • Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements • ASML and TSMC Announce Initiative to Pioneer Industry Transition to Large-Format Photomasks for High NA EUV (2026/09/08) • Sony Semiconductor Solutions and TSMC Agreed to Establish Joint Venture for Next- Generation Image Sensors (2026/08/11) • TSMC Board of Directors Approved NT$7.00 Cash Dividend for the Second Quarter of 2026 and Set December 10, 2026 as Ex-Dividend Date, December 16, 2026 as the Record Date and January 7, 2027 as the Distribution Date (2026/08/11) Recap of Recent Major Events
Unleash Innovation © 112026 TSMC, Ltd TSMC Property https://www.tsmc.com invest@tsmc.com