The week's biggest supplier print, read through its numbers. Photon's digest of TSMC's October 15 results pairs a roughly 14% sequential guide and an unchanged capital-spending plan with two cautions: dollar revenue outgrew wafer shipments because of mix, not price, and packaging expansion should be judged by good packages shipped, not wafers started. It is the demand evidence the AI-spending counter-case has to overcome. Secondary digest; the TSMC press-release link in the post was cut off in the capture.
- $TSM reported 3Q26 revenue of $46.72B, up 41.2% YoY and 16.2% QoQ. - Net income of NT$763.06B and EPS of NT$29.43 each rose 68.7% YoY. - Gross margin reached 66.4%, with operating margin at 58.7%. - Wafer revenue mix was N2 8%, N3 33%, N5 28%, and N7 10%. - HPC revenue grew
The week's biggest supplier print, read through its numbers. Photon's digest of TSMC's October 15 results pairs a roughly 14% sequential guide and an unchanged capital-spending plan with two cautions: dollar revenue outgrew wafer shipments because of mix, not price, and packaging expansion should be judged by good packages shipped, not wafers started. It is the demand evidence the AI-spending counter-case has to overcome. Secondary digest; the TSMC press-release link in the post was cut off in the capture.
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