The result is better than what the cocaine nose jobs of Wall Street predicted.

From January through September 2025, TSMC amassed roughly NT$2,762.964 billion [US$95.27 billion] in revenue, up 36.4 per cent from the same period last year and setting an all-time high for the first nine months.

Earlier, in its investor briefing, TSMC had guided third-quarter US-dollar revenue to between US$31.8 billion and US$33.0 billion, with an average forecast of US$32.4 billion, reflecting about an 8 per cent sequential increase.

That sits within market expectations of a three to seven per cent quarterly rise. The firm projected a gross profit margin in the 55.5 to 57.5 per cent range, down from the previous quarter, citing a stronger New Taiwan dollar, assuming an exchange rate of 1 US$ to NT$29, as likely to shave about 6.6 per cent off NTD-translated revenue and reduce the margin by roughly 2.6 percentage points.

TSMC’s revenue for July to August 2025 had already reached NT$6,589.38 billion [US$227.22 billion].

Analysts estimate that to hit TSMC’s US-dollar guidance when converted to NTD, the company would need about NT$9,396 billion [US$324.00 billion] in total third-quarter revenue.

If September hits a low target, it might need roughly NT$2,600 billion [US$89.66 billion]. On average, NT$2,800 billion [US$96.55 billion]. On the high end, NT$2,980 billion [US$102.76 billion].