$Taiwan Semiconductor(TSM.US) just posted a record Q3 and guided Q4 well above Wall Street

Revenue came in at $46.72 billion, up 41.2% from a year ago in US dollars and above the company's own $44.6-45.8 billion guide

Net income hit NT$763.1 billion, up 68.7%, the sixth straight quarter of record profit per CNBC. EPS was $4.60 per ADR vs about $4.48 expected

Gross margin landed at 66.4% and operating margin at 58.7%, above the top of the 56-58% guide

Q4 revenue is guided to $52.3-54.3 billion. The midpoint is up 58% from a year ago, vs estimates near $49.1 billion

$Taiwan Semiconductor(TSM.US) also raised its 2026 growth outlook to about 44% in US dollars, up from slightly above 40% in July, and kept 2026 capex at $60-64 billion

3nm was 33% of wafer revenue and high performance computing was 68% of sales. The second Arizona fab is built and volume production is now expected in Q3 2027, slightly ahead of plan

This lands right after a multi day slide in chip stocks on worries about AI capex. The company that makes most of the world's leading AI chips just raised its full year number again and says demand is still running above its capacity. If the AI trade is cracking, it is not showing up at the foundry yet. Hyperscaler capex guidance later this month is the next check

Source: StockMarket.News