---
title: "TSMC Stocks Fall Despite Record NT$1.49 Trillion Quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301308391.md"
description: "TSMC shares fell 1.14% to $466.83 despite reporting a record Q3 revenue of NT$1.49 trillion, up 50% year-over-year and exceeding guidance. The decline reflects investor skepticism regarding valuation, which sits significantly above GF Value estimates, and concerns over future profitability margins and capital expenditure requirements ahead of the Oct. 15 earnings report."
datetime: "2026-10-08T17:33:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301308391.md)
  - [en](https://longbridge.com/en/news/301308391.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301308391.md)
generator: "portal-rs"
---

# TSMC Stocks Fall Despite Record NT$1.49 Trillion Quarter

TSMC , the world's largest contract chipmaker, slipped approximately 1.14% to $466.83 at 10am EST on Oct. 8, despite delivering a record quarter. According to Reuters, the company reported third-quarter revenue of NT$1.49 trillion, up 50% from a year earlier. Strong growth. A weaker stock. Investors still want more.

Quarterly revenue reached $46.71 billion, clearing management's $45.8 billion guidance ceiling by roughly 2%. September contributed NT$511.86 billion, up 54.6% year over year but down 0.6% from August. That small monthly dip hardly dents the quarterly result. The bigger question is how much of that sales surge reaches the bottom line.

The valuation graphic puts the shares 24.79% above the $374.10 GF Value estimate, suggesting substantial growth expectations are already baked into the price. Revenue alone cannot settle the margin debate: product mix, manufacturing costs and customer concentration still matter. The Oct. 15 earnings report is the next test. Investors need to see whether booming demand produces stronger profitabilityand how much additional capital spending it takes to sustain that growth.

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## Related News & Research

- [Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Quintet Private Bank Europe S.A.](https://longbridge.com/en/news/301306179.md)
- [Insider Buying: Taiwan Semiconductor Manufacturing (NYSE:TSM) CEO Purchases 144 Shares of Company Stock](https://longbridge.com/en/news/301265154.md)
- [1,149 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM Purchased by Whalen Wealth Management Inc.](https://longbridge.com/en/news/301308294.md)
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- [LIVE MARKETS-TSMC earnings could cause another round of consensus upgrades](https://longbridge.com/en/news/301145455.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**