TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom

A TSMC logo is displayed on a wall in Hsinchu, Taiwan April 15, 2025. Ann Wang | ReutersTaiwan Semiconductor Manufacturing Co. on Thursday reported a record third-quarter profit that beat estimates, powered by an unrelenting global appetite for AI chips.Here are TSMC's third-quarter results against LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: 1.49 trillion new Taiwan dollars ($46.36 billion) vs. NT$1.47 trillion Net Income: NT$763.1 billion vs. NT$746.34 billion expected The world's largest contract chipmaker posted a record net profit for a sixth straight quarter, reporting 68.7% surge in the reported quarter from a year earlier. TSMC's third-quarter operating margin came in at 58.7%, exceeding the upper end of its guidance range of 58%, showcasing the pricing power enjoyed by the company as the AI boom fuels demand for semiconductors. By technology, 3-nanometer chips accounted for the largest share of its revenue in the third quarter at 33%, followed by 5-nanometer and 7-nanometer chips.By platform, high-performance computing accounted for the largest share of revenue at 68%, followed by smartphones at 21%. Mea...