Written and reviewed by Kevin Nerway · Last verified 15 October 2026
Key Takeaways
- Taiwan Semiconductor Manufacturing Co Ltd (TSM) reported a 41.1% year-over-year Q3 revenue increase to $46.72 billion on October 15, 2026, topping analyst projections of $45.7 billion.
- TSMC projected strong Q4 sales between $52.3 billion and $54.3 billion, well above consensus expectations of $50.48 billion.
- Despite reporting earnings per ADR that beat estimates and stellar revenue guidance, TSM shares dipped 2% in premarket trading as the market weighed valuation metrics.
- TSMC currently trades at $430.00, placing it roughly 14.3% above its intrinsic GF Value metric of $376.12, even as its 98/100 GF Score highlights top-tier business quality.
TSMC Q3 Revenue Beats Consensus as AI Semiconductor Demand Surges
On October 15, 2026, Taiwan Semiconductor Manufacturing Co Ltd (TSM) published its third-quarter financial results, delivering a 41.1% revenue expansion to $46.72 billion. This figure surpassed consensus analyst expectations of $45.7 billion, driven by robust demand for advanced nodes supporting artificial intelligence (AI) and high-performance computing. TSMC's earnings per American depositary receipt (ADR) also topped forecasts. At PropFirmScan, we tracked how institutional traders processed this announcement against the backdrop of TSMC's $2.00 trillion market capitalization. Traders monitoring smart money reaction to TSMC Reports 41.1% Q3 saw immediate repositioning in tech-linked index futures and semiconductor equities.