
TSMC (TSM) Q3 2025 Earnings Call Transcript

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TSMC reported Q3 2025 earnings with revenue of $33.1 billion, a 10.1% increase sequentially, and a gross margin of 59.5%. Operating margin rose to 50.6%, with EPS at TWD 17.44, up 39% year-over-year. The company anticipates mid-30s percent revenue growth for 2025 and has allocated 70% of CapEx to advanced processes. AI demand has exceeded expectations, with management noting strong signals for additional capacity. TSMC is expanding its facilities in Arizona and Japan, and advanced packaging revenue is nearing 10% of total revenue.
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