Taiwan Semiconductor Manufacturing Company Limited · TSM · Next earnings

Taiwan Semiconductor Manufacturing Company Limited reports Thursday, Oct 15, 2026

TSM reports before market open with consensus EPS at $4.45 and revenue at $45.67B. Last quarter: TSMC demand remains strong as 2nm ramp weighs on margins

Reports Before market open0 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $4.45 Calendar consensus
Consensus revenue $45.67B Calendar consensus
Report date Oct 15, 2026 Thursday, date estimated
Session Before market open 0 days away

Where TSM left off: FY2026 Q3

Full report

TSMC demand remains strong as 2nm ramp weighs on margins

EPS surprise — Reported — vs $4.45
Revenue surprise — Reported — vs $45.67B
Stock move -2.8% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained its outlook while setting a Q4 revenue target of $52.3-$54.3 billion; the analysis notes a modest margin dip as 2nm and overseas-fab costs rise.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Margin dilution from the 2nm ramp and higher overseas-fab costs.
  • Power-grid constraints and shortages of tools and components could limit expansion.
  • A slowdown in AI demand could increase overcapacity risk after the planned capacity buildout.

Questions analysts left open

  • Whether AI accelerator growth, including CPUs, can remain above the prior mid-to-high-50% CAGR range.
  • Whether High-NA EUV timing and higher capital intensity pressure profitability.
  • Whether power-grid constraints, tool shortages and rising component costs affect customer forecasts.

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Recent TSM quarters

All TSM earnings
-2.8%FY2026 Q3-2.3%FY2026 Q2-1.3%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.