TSMC on Thursday reported revenue of $33.10 billion, marking its best quarter ever. The record earnings were driven by booming sales of AI processors and infrastructure — which now command nearly two-thirds of the company's sales — as well as ramp-up of Apple's latest N3P-based processors for smartphones and PCs. The company expects AI drive to continue in the foreseeable future and forecasts further revenue growth in the final quarter of the year.
TSMC's third quarter revenue topped $33.1 billion (NT$989.92 billion, nearly a trillion Taiwan Dollars), up 40.8% year-over-year and 10.1% quarter-over-quarter. The foundry posted net income of $14.77 billion (NT$452.30 billion), up 39.1% year-on-year, while earnings per share came in at NT$17.44, or US$2.92 per American Depositary Receipt. TSMC's gross margin reached 59.5%, which is an extraordinary result for a foundry that makes chips for others and does not sell them itself. Still, as the company is ramping up its fabs in Japan and the U.S., its gross margin is taking a hit.
