TSMC's Q3 earnings report is approaching day by day, and an on-chain account already holds over $1 million in long positions on TSM.

BlockBeats news, October 12: TSMC will release its third-quarter earnings report on October 15. Bloomberg expects the company's Q3 revenue to be approximately NT$1.49 trillion (about $46.7 billion), up 51% year-over-year, exceeding market expectations and the upper end of its previous guidance. The current market focus is on whether the ramp-up of advanced process nodes can continue to drive better-than-expected performance.

2nm is seen as a key growth driver. Bank of America expects its revenue share to rise from 3% in Q2 to about 11% in Q3, and further to 18% in Q4; however, yield ramp-up and overseas expansion may weigh on gross margin. The bank expects TSMC's Q3 and Q4 gross margins to be 67.0% and 67.8%, respectively, with a target price of NT$3,260; HSBC is more optimistic, with a target price of NT$3,800.

According to TradingBeats monitoring, the TSM perpetual contract on Hyperliquid is last quoted at $455.16, up about 0.4% from the previous day's settlement price, with 24-hour volume of about $563,000 and open interest notional value of about $7.71 million. Before the earnings release, address 0xfd6a...7737 holds about 3,001 TSM perpetual long positions, with a notional position value of about $1.37 million and an average price of about $437.5.