TradingKey - On November 10, the world's largest contract chipmaker TSMC (TSM) reported its latest monthly sales data. In October 2026, consolidated revenue reached NT$586.890 billion (approximately $17.971 billion), up 59.7% year-over-year and 14.7% month-over-month, setting an all-time monthly high and showing that the company's business growth momentum in artificial intelligence (AI) chips and advanced processes remains strong.

Source: TSMC

According to TSMC's official announcement, October revenue grew significantly from NT$511.857 billion in September, with the year-over-year growth rate further accelerating to 59.7% from 54.6% in September. From January to October this year, the company's cumulative revenue reached NT$4.4856 trillion, up 43.3% year-over-year, outpacing the 41.1% cumulative growth rate in the first nine months.

TSMC's continued revenue growth was mainly driven by demand for AI accelerators, high-performance computing, and advanced process chips. As global tech giants continue to invest in AI data centers, demand from chip designers such as Nvidia and AMD for advanced wafer manufacturing and packaging capacity has provided significant growth momentum for TSMC.

Previously released third-quarter financial results showed that TSMC's quarterly revenue reached NT$1.494 trillion, up 50.9% year-over-year, while net profit reached NT$763.06 billion, up 68.7% year-over-year. Among them, 3nm, 5nm, and 2nm processes contributed 33%, 28%, and 8% of wafer revenue, respectively, with 7nm and more advanced processes accounting for a combined 79%, reflecting the importance of advanced processes in the company's revenue structure.

Looking ahead to the fourth quarter, TSMC previously projected revenue of $52.3 billion to $54.3 billion, with a gross margin between 65% and 67%, and an operating margin expected to be 56.5% to 58.5%. The company also raised its full-year 2026 revenue growth forecast in U.S. dollar terms to approximately 44% year-over-year, mainly considering sustained strong demand for advanced process technologies and the further ramp-up of 2nm process capacity.

The record-high October revenue provides a solid start for TSMC to achieve its fourth-quarter guidance. However, as the expansion of advanced processes and overseas fab investments continue to advance, the scale of capital expenditure, capacity utilization rates, and cost controls will continue to impact future profitability. Going forward, the market will closely watch revenue in November and December, as well as whether AI chip demand can continue to support the company's growth expectations.

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