国海海外·陈梦竹 | 台积电2025Q3财报点评:2025Q3业绩&Q4指引超预期,继续上修2025全年收入指引

陈梦竹海外研究...
Oct 22, 2025

事件:2025年10月16日,台积电发布2025年Q3财报:2025Q3,公司实现收入9,899.2亿元新台币/331.0亿美元(新台币价值QoQ+6.0%,YoY+30.3%);归母净利4,523.0亿元新台币(QoQ+13.6%,YoY+39.1%);晶圆季出货量(等效12英寸晶圆)408.5万片(QoQ+9.9%,YoY+22.4%)。投资要点:2025Q3收入和毛利率均超预期2025Q3,...

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