TSMC (TSM/2330 TT) Q3 guidance (USD): revenue at 44.6-45.8bln (exp. 42.6bln); gross margin 66-67% (exp. 65.9%), 2026 capex 60-64bln (prev. saw 52-56bln)
Newsquawk Staff ·
- Notes "very" strong demand for leading-edge technologies
- Do not foresee a bottleneck for the capacity expansion plan.
- Expect continued strong demand in Q3.
- Challenge due to rising component prices.
- AI related demand is extremely robust.
- Customers and their customers provide us with very strong signals and outlook.
- Expect FY26 revenue to be slightly above 40% in USD terms (prev. fcst above 30%)
- AI is driving CPU demand in data centres.
- To invest another USD 100bln into Arizona, USA; will be for N2 and below tech and packaging; will continue to invest in Taiwan; building 13 leading-edge packaging fabs in Taiwan in the next few years; increasing mature node capacity in Japan; will be "many" fabs in Arizona, "maybe" an additional four more to be built.
- A14 development is on track; production from 2028; A12, 13 volume production from 2029.
- Strong conviction in AI megatrend.
- Capex in the next three years will be "significantly" higher than the past three years.
- Packaging capacity is tight; working hard to shorten gap between demand and capacity for advanced packaging.
- Up to 2030, demand will be very strong.
- Not concerned about customer concentration.
- Will not abruptly raise prices.
- New few years will be vrey good business.
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
- White House says President Trump has further modified Canadian products subject to tariffs under Section 338; tariff changes will take effect on 30th October 2026
- Foreign Ministers of Egypt, Saudi Arabia, Turkey and Pakistan say ‘Israeli occupation is the main source of instability in the region and beyond’, according to a statement
- Citi says it remains neutral on copper until more energy-market and tariff clarity emerges; views any associated risk-off episodes as good long-term buying opportunities
- US Ambassador to Turkey Tom Barrack says US could strike Iran as soon as this weekend, AFP reports citing an interview on Israeli radio
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