TSMC Set to Report Record Q4 Profit Amid AI and Smartphone Chip Demand Surge
Taiwan Semiconductor Manufacturing Co. (TSMC) is projected to post a historic net profit of T$475.2 billion ($15.02 billion) for Q4 2023, marking a 27% year-over-year increase. The forecast, derived from LSEG SmartEstimates aggregating 19 analyst projections, suggests the chipmaker will eclipse its previous record of T$452.3 billion. This WOULD extend TSMC's profit growth streak to eight consecutive quarters.
The company's revenue already outperformed expectations last week with a 20.45% quarterly jump, driven by full utilization of advanced 3-nanometer production lines. Apple's iPhone 17 adoption of A19 chips and sustained AI accelerator orders created perfect demand conditions. IDC now raises its 2026 revenue growth forecast for TSMC to 25-30% in USD terms, up from 22-26%, citing accelerating AI server demand and upcoming 2-nanometer process capacity.
