TSMC said September revenue reached NT$511.86 billion, or roughly $16.1 billion, compared with NT$331.43 billion a year earlier. Revenue slipped just 0.6% from August despite the large annual increase, according to the chipmaker’s official monthly revenue report.
The strong numbers did not immediately lift the stock. TSMC’s Taiwan-listed shares fell about 1.35% on Thursday, while its U.S.-listed ADR, TSM, had dropped 2.1% in the previous session to $472.20 as rising bond yields and oil prices weighed on technology stocks broadly.
TSMC Revenue Hits Another Record
September completed a record third quarter for the world's largest contract chipmaker.
Revenue for the three months reached approximately NT$1.49 trillion ($46.7 billion), up around 50% year over year and above the NT$1.46 trillion expected by analysts. It also surpassed TSMC's earlier Q3 guidance of $44.6 billion to $45.8 billion.
The results extend the momentum seen in TSMC's Q2 earnings, when revenue rose 36% and net income jumped 77.4%.
High-performance computing already accounted for 66% of TSMC's revenue in Q2, up from 60% a year earlier. Advanced nodes of 7nm and below generated 77% of wafer revenue, including a growing contribution from the company's new 2nm process.
Why Is TSMC Stock Falling?
The decline appears less about TSMC's operating performance and more about the broader market environment.
Oil prices jumped above $105 on Thursday while U.S. Treasury yields remained elevated, pressuring growth and semiconductor stocks. Nasdaq futures fell alongside Nvidia, AMD and other major technology names before the U.S. open.
Expectations around TSMC are also exceptionally high after a major run in semiconductor stocks.
The company sits at the center of the AI chip market, manufacturing advanced processors for customers including Nvidia and Apple.
