Taiwan Semiconductor Manufacturing (TSM) Expected to Announce Earnings on Thursday

Key Points

• TSMC is expected to report Q3 2026 results on October 15 before the market opens, with analysts forecasting earnings of $4.42 per share and revenue of $45.37 billion.
• AI-chip demand, strong foundry leadership and the ramp-up of its advanced 2-nanometer process are key growth drivers, while analysts maintain a broadly bullish consensus “Buy” rating and a $524.89 average price target.
• TSMC shares recently traded near their 12-month high, but the company reduced its quarterly dividend to $1.0854 per share from $1.1136, producing an annualized yield of approximately 0.9%.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) is anticipated to release its Q3 2026 results before the market opens on Thursday, October 15th. Analysts expect Taiwan Semiconductor Manufacturing to announce earnings of $4.42 per share and revenue of $45.3727 billion for the quarter. Investors are encouraged to explore the company's upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Thursday, October 15, 2026 at 2:00 AM ET.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. The firm had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. On average, analysts expect Taiwan Semiconductor Manufacturing to post $17 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Taiwan Semiconductor Manufacturing Trading Down 2.0%

Taiwan Semiconductor Manufacturing stock opened at $472.64 on Thursday. The firm has a 50 day moving average of $431.08 and a 200 day moving average of $412.62. The firm has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 1.07 and a beta of 1.37. Taiwan Semiconductor Manufacturing has a 12-month low of $266.82 and a 12-month high of $487.47. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. This is a decrease from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is presently 24.96%.

Key Stories Impacting Taiwan Semiconductor Manufacturing

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: Analyst support remains firm: Goldman Sachs raised its target to TWD 3,300, while Barclays increased its target to $665 and maintained an “overweight” rating. Goldman Sachs raises target for TSM stock
• Positive Sentiment: AI-related demand continues to support TSMC, with analysts highlighting strong expected third-quarter growth, record recent sales, and the ramp of its advanced 2-nanometer process. The October 15 earnings report will likely focus on revenue growth, margins and production plans. TSMC October 15 earnings preview
• Positive Sentiment: TSMC remains a favored AI investment because of its foundry leadership, roughly 45% net margin, dependable earnings and exposure to rising chip demand from customers such as AMD. Top chip stocks for the AI boom
• Neutral Sentiment: Musk said TSMC could potentially sublease part of the Texas Terafab site, but Tesla and SpaceX would retain ownership and operate the facility themselves. Any commercial benefit for TSMC therefore remains uncertain. Musk rules out TSMC operational role
• Negative Sentiment: The lack of an operational role in Terafab, combined with Intel’s confirmed continued participation, removed speculation that TSMC would displace Intel or secure a substantial manufacturing contract. That clarification was the main near-term pressure on TSM shares. Elon Musk rules out potential TSMC role

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSM. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a research note on Thursday, July 16th. Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They issued a "buy" rating and a $515.00 target price for the company. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $524.89.

Insider Activity at Taiwan Semiconductor Manufacturing

In related news, VP Shyue-Shyh Lin purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were bought at an average price of $74.13 per share, for a total transaction of $74,130.00. Following the acquisition, the vice president owned 30,269 shares of the company's stock, valued at approximately $2,243,840.97. This represents a 3.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lipen Yuan acquired 350 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of $73.58 per share, with a total value of $25,753.00. Following the completion of the purchase, the vice president directly owned 2,000 shares of the company's stock, valued at $147,160. This trade represents a 21.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 14,559 shares of company stock worth $1,067,931. Company insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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