Bernstein said continued growth in artificial intelligence demand and resilient demand for high-end smartphones could keep lifting Taiwan Semiconductor Manufacturing Co. revenue. Based on monthly revenue data, the firm estimated TSMC’s third-quarter revenue at NT$1.49 trillion, or 3% above broad market expectations. Bernstein also said it expects TSMC’s full-year revenue, measured in U.S. dollars, to rise 41% this year. With the company set to release its full third-quarter results soon, investors are expected to focus on progress in ramping 2-nanometer capacity, the possibility of further expansion in the United States, and management’s outlook for 2027. Bernstein had previously said its forecast for 30% annual revenue growth in 2027 and 2028 could have upside.
Bernstein said on Oct. 9 that continued growth in artificial intelligence demand, along with resilient demand for high-end smartphones, could keep driving revenue growth at Taiwan Semiconductor Manufacturing Co. (TSM.N).
Using monthly revenue data, Bernstein estimated TSMC’s third-quarter revenue at NT$1.49 trillion, which is 3% above broad market expectations. The firm also expects TSMC’s revenue, measured in U.S. dollars, to increase 41% this year.
Investors await full third-quarter results
TSMC is set to release its full third-quarter earnings, with investors watching for updates on its 2-nanometer capacity ramp, the possibility of further expansion in the United States, and its outlook for 2027.
Bernstein had previously said there could be upside to its forecast for 30% annual revenue growth in 2027 and 2028.
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