TSMC October Revenue Surges Nearly 60% as AI Chip Demand Fuels Growth

TSM said on November 10 that October revenue came to approximately NT$586.89 billion, an increase of 59.7% from October 2025 and 14.7% from September. US dollar conversions vary by outlet because the company does not give one: CNBC put the figure at $17.88 billion, while a GuruFocus write-up used $18.84 billion. Cumulative revenue for the first ten months of 2026 rose 43.3% to about NT$4.49 trillion.

The monthly report is a short statement and carried no new outlook. The guidance it sits against comes from the October 15 third-quarter call, where CEO C.C. Wei said TSMC expects full-year 2026 revenue growth of around 44% in US dollar terms, and the CFO reiterated a 2026 capital budget of $60 billion to $64 billion. For the current quarter the company guided to revenue of US$52.3 billion to US$54.3 billion with gross margin of 65% to 67%. Analysts expect fourth-quarter growth of about 63%, and October's pace came in just under that estimate.

The print landed alongside broad strength in Taiwan's export data: the island's October exports rose 58.9% to $96.76 billion, with electronic components up 61.4%. TSMC counts NVDA and AAPL among its customers, and demand for advanced AI chips appears to be driving the gains, although the release does not break out revenue by customer. Taipei-listed shares closed about 2.2% higher on Tuesday, while the US-listed ADR was down 0.39% in premarket trading.

What to watch: November and December monthly figures will show whether the quarter lands inside the US$52.3 billion to US$54.3 billion range, and the January call will set the first read on 2027 growth and capital spending. Because the business is concentrated in leading-edge AI and smartphone silicon, any change in hyperscaler capital budgets would likely show up in these monthly numbers first.