Market Reaction - Taiwan Semiconductor Manufacturing Company (NYSE: TSM) witnessed a 5% after-hours surge following its October 17 earnings release,how to sell pi coin on bitget with shares approaching the $200 threshold. This upward movement reflects the market's positive reception to the company's financial outperformance and optimistic projections.
The semiconductor leader reported NT$759.69 billion ($23.5 billion) in Q3 revenue, exceeding analyst estimates by 1.1%. More impressively, net profit reached NT$325.26 billion - a 8.7% beat against consensus forecasts. These results demonstrate TSMC's pricing power and operational efficiency in the competitive foundry market.
Margin expansion proved particularly noteworthy, with gross margin climbing to 57.8% (versus guidance of 55.5%) and net margin reaching 47.5%. This 300 basis point outperformance highlights the company's successful transition to more advanced (and profitable) process nodes.
Process technology breakdown reveals accelerating adoption of cutting-edge nodes. Advanced technologies (7nm and below) now represent 69% of wafer revenue, with the 3nm process alone contributing 20% - a 5 percentage point sequential increase. This technological leadership positions TSMC favorably as industry demand shifts toward advanced semiconductors.
Looking ahead, management's Q4 revenue guidance of $26.1-$26.9 billion significantly surpasses Street expectations of $24.94 billion. The projected gross margin range of 57-59% similarly exceeds forecasts, suggesting continued pricing power and operational leverage.
Capital expenditure plans remain robust at slightly above $30 billion for 2024, supporting capacity expansion for advanced nodes. This investment comes as AI-related demand shows no signs of slowing - TSMC noted AI server revenue has more than tripled year-over-year.
With shares up 85% year-to-date and market capitalization approaching $1 trillion, TSMC continues to demonstrate why it remains the linchpin of global semiconductor supply chains. The company's ability to consistently outperform expectations while maintaining technological leadership makes it a standout in the chip sector.