Revenue has hit the 300 billion yuan mark for three consecutive months, and TSMC’s third-quarter revenue is better than expected

TSMC, the leading wafer foundry, announced its consolidated revenue in September 2025, which amounted to approximately NT$330.98 billion, a decrease of 1.4% from August and an increase of 31.4% from the same period in 2024. Cumulatively, revenue in the third quarter of 2025 reached 989.917 billion yuan, a new high for the same period. Cumulatively, revenue in the first nine months of 2025 was approximately 2.762964 billion yuan, an increase of 36.4% compared with the same period in 2024.

Last quarter’s third quarter outlook, TSMC stated that revenue in US dollars would be US$31.8 billion to US$33 billion. That's up 8% from the previous quarter and 38% from the same period in 2024. Calculated at an exchange rate of 1 U.S. dollar to 29 U.S. dollars, revenue is approximately 922.2 billion to 957 billion yuan, gross profit margin is 55.5%~57.5%, and operating profit rate is 45.5%~47.5%. Now that revenue data has been released first, TSMC's third-quarter operating performance is better than previous market expectations.

According to news previously released by the Kaohsiung City Government, the first batch of 12-inch 2nm wafers for trial production at TSMC’s Kaohsiung Fab 22 plant have been successfully produced, announcing that TSMC’s Kaohsiung plant’s 2nm production is ahead of schedule. The Kaohsiung plant is expected to have an initial annual output value of more than 150 billion yuan and will expand to five plants in Nanzi.

As the 2nm advanced process production progress is ahead of schedule, and customers including NVIDIA, AMD and others have recently formed alliances with the AI ​​application leader OpenAI, the market is expected to benefit TSMC’s business performance. On the 9th, TSMC’s closing stock price rose to 1,440 yuan per share, only one step away from the highest price in history of 1,455 yuan. TSMC will also hold its third quarter 2025 press conference on October 16, at which time it will announce its operating conditions in detail. The market is also looking forward to what kind of trends TSMC will bring to the semiconductor industry.