In TrendsStock MarketGST Council Meeting LiveStocks To WatchNifty OutlookGold and Silver PricesAsian StocksTSMC's third-quarter revenue surges 50%, rides on AI wave to beat market forecastTSMC reported record third-quarter revenue of T$1.49 trillion, beating forecasts and rising 50% year-on-year driven by surging demand for AI applications.By Reuters October 8, 2026, 11:49:08 AM IST (Published)TSMC, the world's largest contract chipmaker, reported on Thursday record third-quarter revenue of T$1.49 trillion ($46.71 billion), beating the market forecast and rising 50% from the year-earlier period due to surging demand for AI applications.Revenue in the July-September quarter of this year came in at T$1.49 trillion, according to Reuters calculations, compared with T$989.92 billion in the year-ago period. An LSEG SmartEstimate, drawn from 19 analysts, had predicted third-quarter revenue of T$1.46 trillion.Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to companies, including Nvidia and Apple.In July, on its last earnings call, the company predicted third-quarter revenue of between $44.6 billion and $45.8 billion. The company gives its forecast only in US dollars and not in Taiwan dollars.For September alone, TSMC reported that revenue rose 54.6% year-on-year to T$511.86 billion.Samsung Electronics earlier on Thursday projected its quarterly operating profit would top 100 trillion won, a world first…
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