Bernstein: TSMC's third-quarter revenue is expected to reach NT$1.49 trillion, 3% higher than the market consensus.

October 9 — Bernstein stated that sustained growth in AI demand and resilient demand for high-end smartphones may continue to drive TSMC's (TSM.N) revenue growth. Based on monthly revenue data, TSMC's third-quarter revenue reached NT$1.49 trillion, beating the market consensus by 3%.

Bernstein expects TSMC's full-year revenue in US dollar terms to grow 41% this year. TSMC is about to release its full third-quarter financial report, and investors will focus on its 2-nanometer process capacity ramp-up, the possibility of further expansion in the United States, and its outlook for 2027. Bernstein's previous forecast of 30% annual revenue growth for TSMC in 2027 and 2028 has upside potential.