🇺🇸 SECTaiwan Semiconductor MfgDoubao · 实盘不做把握 5/10不做原因:其他
北京时间·🕒 发布 18:40:56·⟳ 抓取 18:41:18 +22s·⚡ 决策 10-15 18:44:13 +2m55s·11.9 天前
台积电3Q26营收净利双创高、Q4指引中值超预期约6%，盘前ADR却下挫约2%
Q4指引中值超一致预期约6%、全年增速上调至44%属实质正向surprise；股价财报前5日已累计回调约9%、无抢跑，盘前再跌约1.9%提供折价入场点，虽有sell-the-news先例但正向预期差与回调位置支持小仓做多
📄 原文Taiwan Semiconductor Mfg↗ 原文
----- tsm-20261015x6k.htm ----- 6-K 1 tsm-20261015x6k.htm 6-K Document 1934 Act Registration No. 1-14700 UNITED STATES…
不做 台积电ADR（TSM.US）
[契约校验:LIMIT_AND_CHASE] entry: limit_price 与 max_chase_pct 只能二选一(给了 limit_price 就把 max_chase_pct 置空) 原交易逻辑:Q4指引超预期约6%、全年上调至44%，盘前跌约2%且事前回调9%，折价买
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
台积电3Q26营收/EPS大超指引上沿，Q4营收指引中值533亿美元超市场预期约6%、全年增速上调至44%，2nm陡峭爬坡；尽管基本面强劲，ADR盘前反跌约2%，叠加财报前一周已回调约9%，定价偏向悲观，给小仓折价做多、开盘承接验证。
消息传播链
- TSMC提交6-K并附3Q26业绩新闻稿(EX-99.1)与法说会材料(EX-99.2)，官方一手披露Q3业绩及Q4指引市场反应:ADR盘前(截至06:41 ET)报421.76美元，较前收430跌1.92%，盘前区间418.55-426
- 当日14:00台北/02:00美东召开法说会，管理层确认AI需求火爆、上调全年增速至44%、维持capex 600-640亿美元并宣布台南新建3nm厂
- 媒体量化指引差：Q4指引中值533亿较市场预估503.5亿高约6%，全年增速上调至44%
关键理由
- 4Q26营收指引中值US$533亿较一致预期US$503.5亿高约6%，全年美元营收增速由略高于40%上调至约44%，为可量化的正向预期差
- 财报前5个交易日ADR累计下跌约9%、无利好抢跑，盘前-1.9%更多是sell-the-news与对65-67%毛利率指引/高capex的担忧，基本面预期差未被同向重定价
主要风险
- TSMC近四次财报后1日/3日中位收益仅+0.18%/-1.14%，2Q26、3Q25强业绩后均高开低走，存在见光死派发风险
- 毛利率环比承压(3Q 66.4%→Q4指引中值66%)、未来三年资本开支偏高及海外厂稀释可能主导盘面，若开盘跌破盘前低点418.55则证伪
反向证据
- 做多前查反向 · 来源 web · 日期 2026-10-15 · 影响 weakens
市场担忧集中于Q4毛利率指引中值66%环比微降、未来三年高资本开支与海外厂稀释；未见订单下修或需求证伪，属利润率节奏而非需求反转
检索:TSMC 3Q26 earnings margin guidance capex concern analyst downgrade 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-10-15 · 影响 weakens
盘前ADR -1.9%显示资金借强业绩兑现，但财报前一周已跌约9%、无抢跑，与典型见光死前的拉升形态不同
检索:TSM pre-market reaction sell the news October 15 2026 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例使仓位压到small、采用限价折价入场而非开盘追高、收紧止损至-6%、时限放宽到5日等待发酵，不设重仓
方向:4次对齐先例1日胜率50%(中位+0.18%)、5日胜率75%(中位+0.24%)，方向偏中性略正；beat-and-raise并不保证上涨，关键区别在事前是否抢跑
涨幅量级:样本质量thin、decision_grade无高相似计数，不能据此定大幅目标；上涨先例(1月+4.4%、4月+5.3%@5日)与下跌先例(7月、去年10月)并存，目标取保守4-8%
形态:两次(2Q26、3Q25)强业绩后高开低走/连跌，见光死概率不低；但去年10月那次事前1日抢跑+3%，本次事前5日反跌约9%，更接近4月那次回调后beat的情形
历史先例(按相似度)
- 相似度 7/10 TSM 2026-07-16 2Q26财报上调全年营收至略高于40%、capex至600-640亿 原文 ↗
事件后 +1日 -2.3% · +2日 -5.0% · +3日 -4.1% · +4日 +1.2% · +5日 +0.4%
⚠未核对目标相位 — 该行涨幅别用来定止盈止损
相似度依据:同为盘前财报+上调全年指引/capex，但本次指引超预期幅度更大且股价事前回调更深
经验:强业绩叠加上调指引仍可能高开低走，1日-2.3%/3日-4.1%，第5日才回正，sell-the-news风险真实 - 相似度 7/10 TSM 2026-04-17 1Q26业绩超预期、Q2指引强劲，财报前一周回调 原文 ↗
事件后 +1日 +2.0% · +2日 +0.8% · +3日 +1.3% · +4日 +6.6% · +5日 +5.3%
⚠未核对目标相位 — 该行涨幅别用来定止盈止损
相似度依据:同为盘前AI驱动beat，事前股价回调，与本次情境最接近
经验:事前回调后的beat逐步发酵，+1日+2.0%、+5日+5.3%，支持折价做多 - 相似度 7/10 TSM 2025-10-16 3Q25业绩Q4指引beat、上调全年，但事件前1日已涨3%抢跑 原文 ↗
事件后 +1日 -1.6% · +2日 -3.2% · +3日 -2.3% · +4日 -3.4% · +5日 -5.2%
⚠未核对目标相位 — 该行涨幅别用来定止盈止损
相似度依据:同为10月三季报+AI指引beat，季节性与相位完全对齐
经验:三季报beat后反而连跌5日(-5.2%)，前期抢跑+3%后见光死，警示若无抢跑才可做多 - 相似度 6/10 TSM 2026-01-15 4Q25业绩与FY26 AI展望强劲 原文 ↗
事件后 +1日 +4.4% · +2日 +4.7% · +3日 +0.0% · +4日 -0.3% · +5日 +0.1%
⚠未核对目标相位 — 该行涨幅别用来定止盈止损
相似度依据:4Q25业绩+FY26展望强劲，事件日大涨但后续回吐
经验:事件日+4.4%后3-5日基本回吐，财报行情短促
工具执行结果 · 成功 4 · 降级 1 · 失败 0 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 12 ms
{"result": "search_processed_events:agent query=`tsmc 3q26 earnings q4 guidance us$52.3 billion 54.3 billion | tsmc 台积电 2026 第三季度 财报 eps 29.43 指引 | 台积电 3q26 法说会 2奈米 2026全年营收增长44%`；结构化索引覆盖完整 72 小时；旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整)，返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选，不能据此证明消息首发或不是重复；按当前事件继续正常研判。"} - stock_quote 成功 stock_tools HTTP · 1,300 ms
{ - web_search 成功 doubao_search · 1,948 ms
豆包搜索结果（原始查询:TSMC Q3 2026 earnings consensus estimate Q4 guidance analyst reaction October 2026；API SearchType:web） - web_search 成功 doubao_search · 1,718 ms
豆包搜索结果（原始查询:台积电 2026 第三季 法说 财报 分析师 预期 第四季 指引 AI 2奈米；API SearchType:web） - event_study 降级 stock_tools HTTP · 30 ms
1 precedent(s) rejected; 0 benchmark warning(s)
原文全文
展开原文 · 11,000 字
----- tsm-20261015x6k.htm -----
6-K
1
tsm-20261015x6k.htm
6-K
Document
1934 Act Registration No. 1-14700
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 6-K
_____________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
(Commission File Number: 001-14700)
_____________________________
Taiwan Semiconductor Manufacturing Company Limited
(Translation of Registrant’s Name Into English)
_____________________________
No. 8, Li-Hsin Road 6
Hsinchu Science Park
Hsinchu 300-096, Taiwan
Republic of China
(Address of Principal Executive Offices)
_____________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1):
o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7):
o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Taiwan Semiconductor Manufacturing Company Limited
Date: October 15, 2026
By
/s/ Wendell Huang
Wendell Huang
Senior Vice President & Chief Financial Officer
Exhibits
Exhibit Number
Exhibit Description
99.1
Press release issued by TSMC on
October
1
5
,
2026.
99.2
2026
Third
Quarter Earnings Conference Presentation Material.
----- a3q26e_withguidancexfinal.htm -----
EX-99.1
2
a3q26e_withguidancexfinal.htm
EX-99.1
Document
TSMC Reports Third Quarter EPS of NT$29.43
HSINCHU, Taiwan, R.O.C., Oct. 15, 2026 --
TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$1,494.24 billion, net income of NT$763.06 billion, and diluted earnings per share of NT$29.43 (US$4.60 per ADR unit) for the third quarter ended September 30, 2026.
Year-over-year, third quarter revenue increased 50.9%, while net income and diluted EPS both increased 68.7%. Compared to second quarter 2026, third quarter results represented a 17.6% increase in revenue and an 8.0% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, third quarter revenue was $46.72 billion, which increased 41.2% year-over-year and increased 16.2% from the previous quarter.
Gross margin for the quarter was 66.4%, operating margin was 58.7%, and net profit margin was 51.1%.
In the third quarter, shipments of 2-nanometer accounted for 8% of total wafer revenue; 3-nanometer accounted for 33%; 5-nanometer accounted for 28%; and 7-nanometer accounted for 10%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 79% of total wafer revenue.
“Our business in the third quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into fourth quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology.”
Based on the Company’s current business outlook, management expects the overall performance for fourth quarter 2026 to be as follows:
•
Revenue is expected to be between US$52.3 billion and US$54.3 billion;
And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars,
•
Gross profit margin is expected to be between 65% and 67%;
•
Operating profit margin is expected to be between 56.5% and 58.5%.
TSMC’s 2026 third quarter consolidated results:
(Unit: NT$ million, except for EPS)
3Q26
Amount
a
3Q25
Amount
YoY
Inc. (Dec.) %
2Q26
Amount
QoQ
Inc. (Dec.) %
Net sales
1,494,243
989,918
50.9
1,270,381
17.6
Gross profit
992,379
588,543
68.6
860,311
15.4
Income from operations
876,445
500,685
75.0
766,603
14.3
Income before tax
911,039
525,369
73.4
862,430
5.6
Net income
763,064
452,302
68.7
706,562
8.0
EPS (NT$)
29.43
b
17.44
c
68.7
27.25
b
8.0
a: 3Q2026 figures have not been approved by Board of Directors
b: Based on 25,932 million weighted average outstanding shares
c: Based on 25,930 million weighted average outstanding shares
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 305 distinct process technologies, and manufactured 12,682 products for 534 customers in 2025 by providing the broadest range of advanced, specialty and advanced packaging technology services. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
# # #
TSMC Spokesperson:
Wendell Huang
Senior Vice President and CFO
Media Contacts:
Nina Kao
Head of Public Relations
Tel: 886-3-563-6688 ext.712-5036
Mobile: 886-988-239-163
E-Mail: press@tsmc.com
Ulric Kelly
Public Relations
Tel: 886-3-563-6688 ext.712-6541
Mobile: 886-978-111-503
E-Mail: press@tsmc.com
----- a3q26presentatione.htm -----
EX-99.2
3
a3q26presentatione.htm
EX-99.2
a3q26presentatione
Unleash Innovation © 02026 TSMC, Ltd TSMC Property Unleash Innovation 2026 Third Quarter Earnings Conference October 15, 2026
Unleash Innovation © 12026 TSMC, Ltd TSMC Property Agenda • Welcome Jeff Su, IR Director • 3Q26 Financial Results and 4Q26 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A
Unleash Innovation © 22026 TSMC, Ltd TSMC Property Safe Harbor Notice • TSMC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Information as to those factors that could cause actual results to vary can be found in TSMC’s 2025 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 16, 2026 and such other documents as TSMC may file with, or submit to, the SEC from time to time. • Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Unleash Innovation © 32026 TSMC, Ltd TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q26 3Q26 2Q26 3Q25 3Q26 Over 2Q26 3Q26 Over 3Q25(In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 46.72 44.6-45.8 40.20 33.10 +16.2% +41.2% Net Revenue 1,494.24 1,270.38 989.92 +17.6% +50.9% Gross Margin 66.4% 65.0%-67.0% 67.7% 59.5% -1.3 ppts +6.9 ppts Operating Expenses (116.43) (98.98) (87.76) +17.6% +32.7% Operating Margin 58.7% 56.0%-58.0% 60.3% 50.6% -1.6 ppts +8.1 ppts Non-Operating Items 34.59 95.83 24.68 -63.9% +40.1% Net Income Attributable to Shareholders of the Parent Company 763.06 706.56 452.30 +8.0% +68.7% Net Profit Margin 51.1% 55.6% 45.7% -4.5 ppts +5.4 ppts EPS (NT Dollar) 29.43 27.25 17.44 +8.0% +68.7% ROE 45.5% 45.9% 37.8% -0.4 ppts +7.7 ppts Shipment (Kpcs, 12"-equiv. Wafer) 4,476 4,336 4,085 +3.2% +9.6% Average Exchange Rate--USD/NTD 31.98 32.0 31.60 29.91 +1.2% +6.9% * Diluted weighted average outstanding shares were 25,932mn units in 3Q26 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company
Unleash Innovation © 42026 TSMC, Ltd TSMC Property 3Q26 Revenue by Technology
Unleash Innovation © 52026 TSMC, Ltd TSMC Property 3Q26 Revenue by Platform
Unleash Innovation © 62026 TSMC, Ltd TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q26 2Q26 3Q25 (In NT$ billions) Amount % Amount % Amount % Cash & Marketable Securities 4,016.98 39.9 % 3,518.01 37.5 % 2,751.06 37.4 % Accounts Receivable 483.56 4.8 % 440.92 4.7 % 307.81 4.2 % Inventories 427.75 4.3 % 385.53 4.1 % 288.69 3.9 % Long-term Investments 224.63 2.2 % 227.93 2.4 % 148.98 2.0 % Net PP&E 4,526.49 45.0 % 4,302.88 45.9 % 3,499.34 47.6 % Total Assets 10,052.89 100.0 % 9,375.65 100.0 % 7,354.11 100.0 % Current Liabilities 1,967.75 19.6 % 1,857.76 19.8 % 1,275.91 17.3 % Long-term Interest-bearing Debts 818.38 8.1 % 864.27 9.2 % 918.23 12.5 % Total Liabilities 3,009.66 29.9 % 2,901.18 30.9 % 2,318.53 31.5 % Total Shareholders' Equity 7,043.23 70.1 % 6,474.47 69.1 % 5,035.58 68.5 % Key Indices A/R Turnover Days 28 29 25 Inventory Turnover Days 82 87 74 Current Ratio (x) 2.6 2.5 2.7 Asset Productivity (x) 1.4 1.2 1.2 * Total outstanding shares were 25,932mn units at 9/30/26 ** Asset productivity = Annualized net revenue / Average net PP&E
Unleash Innovation © 72026 TSMC, Ltd TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 3Q26 2Q26 3Q25 Beginning Balance 3,134.22 3,035.64 2,364.52 Cash from operating activities 919.77 783.36 426.83 Capital expenditures (443.21) (496.00) (287.45) Cash dividends (155.59) (155.59) (116.70) Bonds payable (0.85) (31.66) (9.06) Investments and others 167.55 (1.53) 92.62 Ending Balance 3,621.89 3,134.22 2,470.76 Free Cash Flow * 476.56 287.36 139.38
Unleash Innovation © 82026 TSMC, Ltd TSMC Property 4Q26 Guidance Based on our current business outlook, management expects: ▪ Revenue to be between US$52.3 billion and US$54.3 billion And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars, management expects: ▪ Gross profit margin to be between 65% and 67% ▪ Operating profit margin to be between 56.5% and 58.5%
Unleash Innovation © 92026 TSMC, Ltd TSMC Property Future Outlook Based on our current business outlook, management expects: ▪ 2026 revenue to increase by around 44% in US dollar terms
Unleash Innovation © 102026 TSMC, Ltd TSMC Property • Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements • ASML and TSMC Announce Initiative to Pioneer Industry Transition to Large-Format Photomasks for High NA EUV (2026/09/08) • Sony Semiconductor Solutions and TSMC Agreed to Establish Joint Venture for Next- Generation Image Sensors (2026/08/11) • TSMC Board of Directors Approved NT$7.00 Cash Dividend for the Second Quarter of 2026 and Set December 10, 2026 as Ex-Dividend Date, December 16, 2026 as the Record Date and January 7, 2027 as the Distribution Date (2026/08/11) Recap of Recent Major Events
Unleash Innovation © 112026 TSMC, Ltd TSMC Property https://www.tsmc.com invest@tsmc.com
6-K
1
tsm-20261015x6k.htm
6-K
Document
1934 Act Registration No. 1-14700
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 6-K
_____________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
(Commission File Number: 001-14700)
_____________________________
Taiwan Semiconductor Manufacturing Company Limited
(Translation of Registrant’s Name Into English)
_____________________________
No. 8, Li-Hsin Road 6
Hsinchu Science Park
Hsinchu 300-096, Taiwan
Republic of China
(Address of Principal Executive Offices)
_____________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1):
o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7):
o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Taiwan Semiconductor Manufacturing Company Limited
Date: October 15, 2026
By
/s/ Wendell Huang
Wendell Huang
Senior Vice President & Chief Financial Officer
Exhibits
Exhibit Number
Exhibit Description
99.1
Press release issued by TSMC on
October
1
5
,
2026.
99.2
2026
Third
Quarter Earnings Conference Presentation Material.
----- a3q26e_withguidancexfinal.htm -----
EX-99.1
2
a3q26e_withguidancexfinal.htm
EX-99.1
Document
TSMC Reports Third Quarter EPS of NT$29.43
HSINCHU, Taiwan, R.O.C., Oct. 15, 2026 --
TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$1,494.24 billion, net income of NT$763.06 billion, and diluted earnings per share of NT$29.43 (US$4.60 per ADR unit) for the third quarter ended September 30, 2026.
Year-over-year, third quarter revenue increased 50.9%, while net income and diluted EPS both increased 68.7%. Compared to second quarter 2026, third quarter results represented a 17.6% increase in revenue and an 8.0% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, third quarter revenue was $46.72 billion, which increased 41.2% year-over-year and increased 16.2% from the previous quarter.
Gross margin for the quarter was 66.4%, operating margin was 58.7%, and net profit margin was 51.1%.
In the third quarter, shipments of 2-nanometer accounted for 8% of total wafer revenue; 3-nanometer accounted for 33%; 5-nanometer accounted for 28%; and 7-nanometer accounted for 10%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 79% of total wafer revenue.
“Our business in the third quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into fourth quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology.”
Based on the Company’s current business outlook, management expects the overall performance for fourth quarter 2026 to be as follows:
•
Revenue is expected to be between US$52.3 billion and US$54.3 billion;
And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars,
•
Gross profit margin is expected to be between 65% and 67%;
•
Operating profit margin is expected to be between 56.5% and 58.5%.
TSMC’s 2026 third quarter consolidated results:
(Unit: NT$ million, except for EPS)
3Q26
Amount
a
3Q25
Amount
YoY
Inc. (Dec.) %
2Q26
Amount
QoQ
Inc. (Dec.) %
Net sales
1,494,243
989,918
50.9
1,270,381
17.6
Gross profit
992,379
588,543
68.6
860,311
15.4
Income from operations
876,445
500,685
75.0
766,603
14.3
Income before tax
911,039
525,369
73.4
862,430
5.6
Net income
763,064
452,302
68.7
706,562
8.0
EPS (NT$)
29.43
b
17.44
c
68.7
27.25
b
8.0
a: 3Q2026 figures have not been approved by Board of Directors
b: Based on 25,932 million weighted average outstanding shares
c: Based on 25,930 million weighted average outstanding shares
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 305 distinct process technologies, and manufactured 12,682 products for 534 customers in 2025 by providing the broadest range of advanced, specialty and advanced packaging technology services. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
# # #
TSMC Spokesperson:
Wendell Huang
Senior Vice President and CFO
Media Contacts:
Nina Kao
Head of Public Relations
Tel: 886-3-563-6688 ext.712-5036
Mobile: 886-988-239-163
E-Mail: press@tsmc.com
Ulric Kelly
Public Relations
Tel: 886-3-563-6688 ext.712-6541
Mobile: 886-978-111-503
E-Mail: press@tsmc.com
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a3q26presentatione
Unleash Innovation © 02026 TSMC, Ltd TSMC Property Unleash Innovation 2026 Third Quarter Earnings Conference October 15, 2026
Unleash Innovation © 12026 TSMC, Ltd TSMC Property Agenda • Welcome Jeff Su, IR Director • 3Q26 Financial Results and 4Q26 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A
Unleash Innovation © 22026 TSMC, Ltd TSMC Property Safe Harbor Notice • TSMC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Information as to those factors that could cause actual results to vary can be found in TSMC’s 2025 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 16, 2026 and such other documents as TSMC may file with, or submit to, the SEC from time to time. • Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Unleash Innovation © 32026 TSMC, Ltd TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q26 3Q26 2Q26 3Q25 3Q26 Over 2Q26 3Q26 Over 3Q25(In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 46.72 44.6-45.8 40.20 33.10 +16.2% +41.2% Net Revenue 1,494.24 1,270.38 989.92 +17.6% +50.9% Gross Margin 66.4% 65.0%-67.0% 67.7% 59.5% -1.3 ppts +6.9 ppts Operating Expenses (116.43) (98.98) (87.76) +17.6% +32.7% Operating Margin 58.7% 56.0%-58.0% 60.3% 50.6% -1.6 ppts +8.1 ppts Non-Operating Items 34.59 95.83 24.68 -63.9% +40.1% Net Income Attributable to Shareholders of the Parent Company 763.06 706.56 452.30 +8.0% +68.7% Net Profit Margin 51.1% 55.6% 45.7% -4.5 ppts +5.4 ppts EPS (NT Dollar) 29.43 27.25 17.44 +8.0% +68.7% ROE 45.5% 45.9% 37.8% -0.4 ppts +7.7 ppts Shipment (Kpcs, 12"-equiv. Wafer) 4,476 4,336 4,085 +3.2% +9.6% Average Exchange Rate--USD/NTD 31.98 32.0 31.60 29.91 +1.2% +6.9% * Diluted weighted average outstanding shares were 25,932mn units in 3Q26 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company
Unleash Innovation © 42026 TSMC, Ltd TSMC Property 3Q26 Revenue by Technology
Unleash Innovation © 52026 TSMC, Ltd TSMC Property 3Q26 Revenue by Platform
Unleash Innovation © 62026 TSMC, Ltd TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q26 2Q26 3Q25 (In NT$ billions) Amount % Amount % Amount % Cash & Marketable Securities 4,016.98 39.9 % 3,518.01 37.5 % 2,751.06 37.4 % Accounts Receivable 483.56 4.8 % 440.92 4.7 % 307.81 4.2 % Inventories 427.75 4.3 % 385.53 4.1 % 288.69 3.9 % Long-term Investments 224.63 2.2 % 227.93 2.4 % 148.98 2.0 % Net PP&E 4,526.49 45.0 % 4,302.88 45.9 % 3,499.34 47.6 % Total Assets 10,052.89 100.0 % 9,375.65 100.0 % 7,354.11 100.0 % Current Liabilities 1,967.75 19.6 % 1,857.76 19.8 % 1,275.91 17.3 % Long-term Interest-bearing Debts 818.38 8.1 % 864.27 9.2 % 918.23 12.5 % Total Liabilities 3,009.66 29.9 % 2,901.18 30.9 % 2,318.53 31.5 % Total Shareholders' Equity 7,043.23 70.1 % 6,474.47 69.1 % 5,035.58 68.5 % Key Indices A/R Turnover Days 28 29 25 Inventory Turnover Days 82 87 74 Current Ratio (x) 2.6 2.5 2.7 Asset Productivity (x) 1.4 1.2 1.2 * Total outstanding shares were 25,932mn units at 9/30/26 ** Asset productivity = Annualized net revenue / Average net PP&E
Unleash Innovation © 72026 TSMC, Ltd TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 3Q26 2Q26 3Q25 Beginning Balance 3,134.22 3,035.64 2,364.52 Cash from operating activities 919.77 783.36 426.83 Capital expenditures (443.21) (496.00) (287.45) Cash dividends (155.59) (155.59) (116.70) Bonds payable (0.85) (31.66) (9.06) Investments and others 167.55 (1.53) 92.62 Ending Balance 3,621.89 3,134.22 2,470.76 Free Cash Flow * 476.56 287.36 139.38
Unleash Innovation © 82026 TSMC, Ltd TSMC Property 4Q26 Guidance Based on our current business outlook, management expects: ▪ Revenue to be between US$52.3 billion and US$54.3 billion And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars, management expects: ▪ Gross profit margin to be between 65% and 67% ▪ Operating profit margin to be between 56.5% and 58.5%
Unleash Innovation © 92026 TSMC, Ltd TSMC Property Future Outlook Based on our current business outlook, management expects: ▪ 2026 revenue to increase by around 44% in US dollar terms
Unleash Innovation © 102026 TSMC, Ltd TSMC Property • Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements • ASML and TSMC Announce Initiative to Pioneer Industry Transition to Large-Format Photomasks for High NA EUV (2026/09/08) • Sony Semiconductor Solutions and TSMC Agreed to Establish Joint Venture for Next- Generation Image Sensors (2026/08/11) • TSMC Board of Directors Approved NT$7.00 Cash Dividend for the Second Quarter of 2026 and Set December 10, 2026 as Ex-Dividend Date, December 16, 2026 as the Record Date and January 7, 2027 as the Distribution Date (2026/08/11) Recap of Recent Major Events
Unleash Innovation © 112026 TSMC, Ltd TSMC Property https://www.tsmc.com invest@tsmc.com
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