Taiwan Semiconductor Manufacturing Co. is scheduled to report its third-quarter earnings on Oct. 15, with Bloomberg estimating Q3 revenue at about TWD 1.49 trillion, or roughly $46.7 billion, up 51% year over year and above both market expectations and the upper end of prior guidance. Market attention is centered on whether volume growth in advanced process nodes can keep pushing results past expectations, with 2nm viewed as a key growth driver. Bank of America estimates 2nm revenue contribution will rise from 3% in the second quarter to about 11% in the third quarter and 18% in the fourth quarter, while warning that yield ramp-up and overseas expansion could weigh on gross margin. According to TradingBeats, the TSM perpetual contract on Hyperliquid was last at $455.16, with about $563,000 in 24-hour volume and roughly $7.71 million in open interest notional value. Before the earnings release, address 0xfd6a…7737 was holding about 3,001 TSM perpetual long contracts worth around $1.37 million at an average entry price of about $437.5.
TSMC is set to release its third-quarter earnings on Oct. 15, and an on-chain account has already built a TSM perpetual long position worth more than $1.37 million ahead of the report.
Bloomberg estimates the company’s Q3 revenue at about TWD 1.49 trillion, or roughly $46.7 billion, up 51% from a year earlier. That figure is above market expectations and above the upper end of the company’s earlier guidance. The market is watching whether rising output in advanced process technologies can keep driving results above expectations. In that discussion, 2nm is being treated as a key growth point.
Bank of America expects 2nm revenue contribution to rise from 3% in the second quarter to about 11% in the third quarter, then to 18% in the fourth quarter. The bank also said gross margin could come under pressure from yield ramp-up and overseas capacity expansion. It expects TSMC’s gross margin at 67.0% in Q3 and 67.8% in Q4, and set a target price of TWD 3,260. HSBC was more bullish, with a target price of TWD 3,800.
TradingBeats data showed the TSM perpetual contract on Hyperliquid last traded at $455.16, up about 0.4% from the previous day’s settlement. The contract posted about $563,000 in 24-hour trading volume, while open interest stood at roughly $7.71 million in notional value.
Before the earnings announcement, address 0xfd6a…7737 was holding about 3,001 TSM perpetual long contracts, with a notional position value of about $1.37 million and an average price of around $437.5.
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