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TSMC Raises Full-Year Revenue Growth Forecast to 44%, Projects 14% Q4 Jump

Electronic Technology · Semiconductors · economic_daily · 2026-10-15

TSMC has upgraded its full-year revenue growth outlook to 44% and expects a 14% quarterly revenue increase for Q4, driven by robust demand for advanced process technologies.

What Happened

Q4 Outlook: TSMC provided a positive outlook for the fourth quarter, projecting revenue between $52.3 billion and $54.3 billion, representing a 14% quarter-over-quarter increase. The company expects to maintain high profitability, with gross margins estimated between 65% and 67% and operating margins between 56.5% and 58.5%.

Growth Targets: CEO C.C. Wei announced an upward revision of the full-year revenue growth target to 44%, surpassing previous guidance of slightly exceeding 40%. This adjustment underscores the strong market demand for the company's advanced manufacturing technologies and its sustained competitive edge.

Technological Drivers: Management highlighted that demand for advanced nodes remains robust, with the ramp-up of 2nm process technology serving as a key growth catalyst. The company's diverse customer base and technological differentiation continue to provide a solid foundation for future operational performance.

Financial Performance: CFO Wendell Huang noted that at the midpoint, Q4 revenue is expected to grow 58% year-over-year. With continued expansion of advanced capacity, TSMC remains confident in its long-term profitability and its dominant position within the global semiconductor foundry market.

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The Taiwan Stock Exchange suffered a massive sell-off on the 15th, with foreign investors dumping a record NT$302.5 billion, dragging the index down by 3.41%.

2059, 2308, 2330, 2360, 2383, 2412, 2454, 2884, 2886, 2890, 2891, 2892, 3045, 3665, 3711, 4904, 5274, 5876, 6187, 6223, 6510, 6515, 6669, 7734, 8996