TSMC's Q3 net profit may rise 65%, on track for a sixth consecutive quarter of record highs.

动察 Beating AI News Flash: TSMC's third-quarter net profit is expected to reach NT$746.3 billion, approximately $23.4 billion, a year-on-year increase of 65%. This is the forecast compiled by LSEG from 16 analysts. If realized, TSMC will set a new single-quarter net profit record for the 6th consecutive quarter. The official financial report will be released on October 15.

Third-quarter revenue has already set a record first. According to TSMC's monthly data, total revenue from July to September was approximately NT$1.49 trillion, a year-on-year increase of 50.9%, equivalent to about $46.7 billion. This figure exceeds the upper limit of the company's previous forecast of $45.8 billion. Analysts believe that demand for AI chip manufacturing and CoWoS advanced packaging remains strong.