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Taiwan Semiconductor Manufacturing Company (TSMC) will report its September quarter results on October 16, 2023. The company has experienced a 31.4% year-over-year increase in sales for September and a 36.4% year-to-date sales growth, with total trailing revenue nearly doubling to approximately $105 billion over the past five years.
TSMC is critical to the AI economy, holding 67% of the global foundry market and 90% of advanced chip production, primarily powering chips from NVIDIA, AMD, and Apple used in generative AI and high-performance computing. Their current advanced processes, including 5nm and 3nm nodes, accounted for 58% of wafer revenue in Q1 2025.
Large investors are optimistic about TSMC, reflected in a recent EPS estimate increase from $9.28 to $9.77 for 2025, indicating a projected 39% annual growth. TSMC’s ongoing capacity expansion includes a new facility in Phoenix, Arizona.
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