Institutions: TSMC's Q3 net profit is expected to surge 65% year-on-year, setting a record high for the sixth consecutive quarter.

BlockBeats news, October 12 - Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest advanced AI chip foundry, will release its third-quarter earnings report on Thursday. It is widely expected that driven by the AI boom, TSMC is poised to achieve a record-high profit for the sixth consecutive quarter. According to LSEG SmartEstimate, which aggregates forecasts from 16 analysts, TSMC's third-quarter net profit is expected to surge 65% year-over-year to NT$746.3 billion ($23.4 billion).

If net profit exceeds NT$706.56 billion, it will once again set a new record for the company's single-quarter net profit and mark 11 consecutive quarters of profit growth. Last Thursday, TSMC's preliminary data showed that the company's third-quarter revenue was NT$1.49 trillion (approximately $46.7 billion), up 51% year-over-year, exceeding market expectations and hitting a record high. (Jinshi)