TSMC posts record quarter results as skyrocketing AI and HPC demand drives two-thirds of revenue — company pulls in $33.1 billion

TSMC reported record revenue of $33.10 billion in its best quarter ever, driven by strong sales of AI processors and infrastructure, which now make up two-thirds of its sales. The company's earnings were also boosted by the production of Apple's latest N3P-based processors for smartphones and PCs. TSMC's gross margin reached 59.5%, despite ramping up fabs in Japan and the U.S. HPC products accounted for 57% of total wafer sales, with AI and HPC demand expected to remain strong in the future. TSMC anticipates continued revenue growth in the final quarter of the year, projecting revenue between $32.2 billion and $33.4 billion.