TSMC Q4 Profit Surges 27% on AI Chip Demand, Setting Stage for 2026 Growth
Taiwan Semiconductor Manufacturing Co. (TSMC) is poised to report a record T$475.2 billion ($15.02 billion) net profit for Q4 2023, marking an eighth consecutive quarter of growth. The 27% year-over-year jump reflects insatiable demand for AI accelerators and full utilization of its 3-nanometer production lines.
Revenue climbed 20.45% to NT$1.05 trillion as Apple's iPhone 17 chips and AI infrastructure needs dominated capacity. Analysts now project 2026 revenue growth of 25-30% in dollar terms, up from prior estimates, with the AI server accelerator market expected to expand 78% annually.
Options markets anticipate a 5.34% stock MOVE post-earnings. TSMC shares gained 44.2% in 2023, outperforming Taiwan's broader market, as Wall Street forecasts $2.85 EPS (+30% YoY) and $32.74 billion revenue (+22%).
