TSMC reported third-quarter consolidated revenue of NT$1,494.24 billion on 15 October, with net income of NT$763.06 billion and diluted earnings of NT$29.43 a share. The Taiwanese foundry builds the processors behind most of the world’s AI accelerators, so its quarterly figures are the closest thing the industry has to a demand reading that is not supplied by a vendor’s own marketing department.
Two growth numbers are worth separating. In Taiwan dollars, revenue rose 50.9% on the year. In US dollars, the same quarter rose 41.2%, to $46.72 billion. Both are TSMC’s own figures and both are correct: the gap is currency, so anyone quoting a single growth rate should say which one they mean.
Margins were 66.4% gross and 58.7% operating. The leading-edge mix is the part that matters for AI capacity. Shipments of 2nm chips reached 8% of total wafer revenue, 3nm 33% and 5nm 28%, with 7nm and more advanced nodes together accounting for 79%. A 2nm node contributing 8% this early points to a faster ramp than recent generations managed.
For the fourth quarter TSMC guided to revenue of $52.3 billion to $54.3 billion and gross margin of 65% to 67%, on an assumed rate of 31.8 Taiwan dollars to the US dollar. The full release is on TSMC’s investor newsroom.