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    Taiwan Semiconductor Manufacturing (TSM)

    Official site

    TECHNOLOGY • SEMICONDUCTORS • NYSE

    $444.59
    -8.72 (-1.92%)

    Market Cap: $2.35T

    Last updated: Oct 13, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    95%(37/39)
    Avg Surprise
    +3.98%
    Streak
    27 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$4.46
    Range$4.26 - $4.72
    9 analysts
    EPS Revisions
    1
    0
    7d
    4
    1
    30d
    EPS Estimate Drift
    90d ago$4.13-7.3%
    60d ago$4.50+0.8%
    30d ago$4.46-0.1%
    7d ago$4.46+0.0%
    Current$4.46
    Revenue Consensus
    $1.5T
    Range$1.4T - $1.5T
    26 analysts
    Period ending Dec 31, 2026
    EPS Consensus$5.22
    Range$3.52 - $6.09
    13 analysts
    Revenue Consensus
    $1.6T
    Range$1.3T - $1.7T
    40 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$5.22---
    Sep 26EST
    		-$4.46---
    Jun 26
    Reported Jul 16
    		$4.31$3.87+11.37%Beat+74.5%
    Mar 26
    Reported Apr 15
    		$3.49$3.22+8.39%Beat+64.6%
    Dec 25
    Reported Jan 15
    		$3.14$2.98+5.37%Beat+40.2%
    Sep 25
    Reported Nov 14
    		$2.92$2.63+11.03%Beat+50.5%
    Jun 25
    Reported Aug 14
    		$2.47$2.31+6.93%Beat+66.9%
    Mar 25
    Reported May 15
    		$2.12$2.05+3.41%Beat+53.6%
    Dec 24
    Reported Jan 16
    		$2.24$2.22+0.90%Beat+54.5%
    Sep 24
    Reported Nov 14
    		$1.94$1.79+8.38%Beat+50.4%
    Jun 24
    Reported Aug 14
    		$1.48$1.42+4.23%Beat+29.8%
    Mar 24
    Reported May 15
    		$1.38$1.32+4.55%Beat+5.3%
    Dec 23
    Reported Jan 18
    		$1.45$1.37+5.84%Beat-24.1%
    Sep 23
    Reported Nov 14
    		$1.29$1.17+10.26%Beat-27.9%
    Jun 23
    Reported Jul 13
    		$1.14$1.08+5.56%Beat-26.5%
    Mar 23
    Reported Apr 13
    		$1.31$1.20+9.17%Beat-5.8%
    Dec 22
    Reported Jan 12
    		$1.91$1.76+8.52%Beat+66.1%
    Sep 22
    Reported Oct 13
    		$1.79$1.69+5.92%Beat+65.7%
    Jun 22
    Reported Jul 14
    		$1.55$1.51+2.65%Beat+66.7%
    Mar 22
    Reported Apr 14
    		$1.39$1.33+4.51%Beat+44.8%
    Dec 21
    Reported Jan 28
    		$1.15$1.14+0.88%Beat+18.6%
    Sep 21
    Reported Oct 14
    		$1.08$1.04+3.85%Beat+20.0%
    Jun 21
    Reported Jul 15
    		$0.93$0.93+0.00%Beat+19.2%
    Mar 21
    Reported Apr 15
    		$0.96$0.94+2.13%Beat+28.0%
    Dec 20
    Reported Jan 14
    		$0.97$0.95+2.11%Beat+32.9%
    Sep 20
    Reported Oct 15
    		$0.90$0.77+16.88%Beat+45.2%
    Jun 20
    Reported Jul 16
    		$0.78$0.77+1.30%Beat+90.2%
    Mar 20
    Reported Apr 15
    		$0.75$0.73+2.74%Beat+92.3%
    Dec 19
    Reported Jan 16
    		$0.73$0.73+0.00%Beat+15.9%
    Sep 19
    Reported Nov 8
    		$0.62$0.63-1.59%Miss+10.7%
    Jun 19
    Reported Jul 25
    		$0.41$0.41+0.00%Beat-12.8%
    Mar 19
    Reported Apr 18
    		$0.39$0.38+2.63%Beat-33.9%
    Dec 18
    Reported Jan 17
    		$0.63$0.63+0.00%Beat-1.6%
    Sep 18
    Reported Oct 18
    		$0.56$0.56+0.00%Beat-1.8%
    Jun 18
    Reported Jul 19
    		$0.47$0.47+0.00%Beat+9.3%
    Mar 18
    Reported Apr 19
    		$0.59$0.60-1.67%Miss+9.3%
    Dec 17
    Reported Jan 18
    		$0.64$0.62+3.23%Beat+4.9%
    Sep 17
    Reported Oct 19
    		$0.57$0.57+0.00%Beat-
    Jun 17
    Reported Aug 14
    		$0.43$0.42+2.38%Beat-
    Mar 17
    Reported Apr 13
    		$0.54$0.54+0.00%Beat-
    Dec 16
    Reported Jan 12
    		$0.61$0.59+3.39%Beat-

    Dividends

    Dividend Metrics

    Forward Yield1.00%
    Forward Annual Dividend$4.45
    Payout Ratio27.55%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+24.43%
    5Y CAGR+15.29%
    TSM dividend history and ex-dividend datesRun TSM in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio32.08EV/EBITDA21.99x
    Price/FCF62.73xFCF Yield1.59%
    Profitability
    Profit Margin49.90%Operating Margin60.30%
    ROE40.00%ROIC28.67%
    Financial Health
    Debt/Equity0.15xInterest Coverage282.39x
    Current Ratio2.46xQuick Ratio2.25x
    Trading Statistics
    Beta1.24Avg Volume9.97M
    52-Week High$487.4752-Week Low$264.34

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$464.13
    SMA 20$451.75
    SMA 50$432.59
    SMA 200$391.29
    EMA 10$458.83
    EMA 20$452.77
    EMA 50$438.43
    EMA 200$388.98

    MACD

    Line: 9.00Signal: 10.86Hist: -1.86

    ADX

    ADX: 18.1+DI: 27.1-DI: 30.4

    Aroon & PSAR

    Aroon Up80.0
    Aroon Down24.0
    PSAR$485.30

    Bollinger Bands

    Upper Band$489.20
    Lower Band$414.30
    %B Position1658%(Upper)
    Band Width0.40

    RSI (14-Day)

    Neutral
    47.9

    Momentum Oscillators

    Stoch %K25.7
    Stoch %D47.4
    Williams %R-91.5
    ROC (10d)-1.8%
    Momentum-8.29
    CCI (20d)-17.3
    MFI (14d)56.3

    Volatility Measures

    ATR (14d)$11.34(2.6%)
    StdDev (20d)18.72
    Hist Vol27.6%(Moderate)

    Volume Flow

    VWAP$447.82
    OBV378.5M
    AD Line-1.7B
    CMF (20d)0.166

    Volume Metrics

    Avg Vol (20d)9.8M
    Vol Ratio0.9x
    VWMA (20d)$450.92

    Pivot Points

    R3$477.26
    R2$471.04
    R1$462.18
    Pivot Point$455.96
    S1$447.10
    S2$440.88
    S3$432.02

    Advanced Oscillators

    TSI20.20
    Ultimate Osc46.1
    KST89.94

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1270.38B$1134.10B$1055.98B$989.92B$933.79B$839.25B$868.46B$759.69B$673.51B$592.64B$625.53B$546.73B
    Cost of Revenue$410.07B$382.81B$397.83B$401.38B$386.42B$345.86B$356.08B$320.35B$315.39B$278.14B$293.76B$250.09B
    Gross Profit$860.31B$751.29B$658.15B$588.54B$547.37B$493.39B$512.38B$439.35B$358.12B$314.51B$331.77B$296.64B
    Operating Expenses$93.71B$94.01B$89.02B$87.86B$83.95B$86.31B$86.67B$78.58B$71.57B$65.49B$71.56B$318.67B
    R&D$73.15B$67.76B$65.47B$63.74B$61.28B$56.55B$57.23B$52.78B$48.06B$46.11B$50.41B$51.14B
    SG&A$25.84B$21.83B$23.33B$20.05B$18.96B$24.88B$25.43B$22.89B$19.29B$16.14B$18.24B$17.57B
    Operating Income$766.60B$657.29B$569.13B$500.69B$463.42B$407.08B$425.71B$360.77B$286.56B$249.02B$260.20B$228.06B
    Interest Income$30.04B$28.86B$27.95B$26.18B$22.72B$24.86B$24.27B$22.60B$20.98B$19.36B$17.41B$13.65B
    Interest Expense$3.09B$2.72B$3.04B$98.84M$3.69B$2.68B$2.52B$2.64B$2.64B$2.70B$2.92B$3.11B
    Income Before Tax$862.43B$687.80B$597.96B$525.37B$493.04B$430.89B$448.80B$384.19B$306.31B$266.54B$278.28B$241.94B
    Income Tax Expense$155.65B$115.00B$87.77B$73.61B$95.54B$70.16B$74.33B$59.11B$58.65B$41.32B$39.97B$31.14B
    Net Income$706.56B$572.48B$510.52B$452.30B$398.27B$361.56B$374.68B$325.26B$247.85B$225.48B$238.71B$211.00B
    EBITDA$896.27B$853.25B$760.11B$688.16B$681.09B$601.22B$596.09B$555.05B$474.12B$428.26B$410.85B$228.06B
    EBIT$697.74B$687.80B$596.46B$525.37B$493.04B$428.22B$425.71B$386.82B$308.95B$269.24B$260.20B$228.06B
    * Some calculated fields are derived from available data when not provided by source

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    News

    Taiwan Semiconductor Manufacturing (TSM) Nears Record Profit, Is The Stock Above Fair Value?

    Taiwan Semiconductor Manufacturing (TSM) is expected to report a sixth straight record profit, driven by record quarterly revenue, with its stock up over 40% year-to-date. Despite strong AI-driven momentum...

    Simply Wall Street•10/12/26•Somewhat-Bearish

    Why October 15 Could Change Everything for Taiwan Semiconductor Stock

    Taiwan Semiconductor Manufacturing (TSM) is poised for a significant Q3 earnings report on October 15, despite lagging behind the broader semiconductor rally year-to-date. The company's September revenue surged by 54.6%...

    24/7 Wall St.•10/12/26•Bullish

    Weekly Recap: Record Q3 revenue surge and $2B GlobalFoundries CoWoS deal

    Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) announced a record Q3 revenue of NT$1.49T (~US$46.8B), a 50% year-over-year increase...

    TradingView•10/11/26•Neutral

    Can Taiwan Semiconductor Manufacturing (NYSE:TSM) Justify A Premium On Cash Flow?

    This article examines whether Taiwan Semiconductor Manufacturing (TSM)'s current stock price is justified by its future cash flow generation...

    Simply Wall Street•10/11/26•Somewhat-Bearish

    Taiwan Semiconductor Manufacturing (TSM) Posted Record Q3 2026 Revenue

    Taiwan Semiconductor Manufacturing (TSM) reported record Q3 2026 revenue, driven by strong demand for AI chips and advanced packaging services. The company also secured a new supply deal with GlobalFoundries...

    Yahoo Finance Singapore•10/10/26•Bullish

    TSM Valuation and Fair Value

    P/E
    32.1x
    Forward P/E
    21.4x
    EV/EBITDA
    22.0x
    P/FCF
    62.7x
    PEG
    0.9x
    P/B
    11.4x
    See GNG's fair value

    TSM Profitability: Margins, ROIC and FCF

    Gross margin
    64.2%
    Operating margin
    60.3%
    Net margin
    49.9%
    ROIC
    28.7%
    ROE
    40.0%
    FCF margin
    817.5%
    FCF yield
    1.6%

    TSM Competitors

    CompanyTicker
    Microsoft CorporationMSFT
    Broadcom IncAVGO
    Apple Inc.AAPL
    SK Hynix Inc. American Depositary SharesSKHY
    NVIDIA CorporationNVDA
    Micron Technology IncMU
    Advanced Micro Devices IncAMD
    ASML Holding N.V. New York Registry SharesASML

    Sector: Technology

    TSM Analyst Ratings

    Consensus
    Buy
    Analysts
    21
    Strong Buy
    6
    Buy
    14
    Hold
    1
    Sell
    0
    Strong Sell
    0

    TSM Bull Case vs Bear Case

    Bull case

    • TSM earns a 28.7% return on invested capital.
    • TSM converts 817.5% of revenue into free cash flow.
    • TSM has a 49.9% net profit margin.

    TSM Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    7.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $4.46
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    4 up, 1 down

    TSM Dividend

    Forward yield
    1.0%
    Payout ratio
    27.5%
    3Y DPS growth
    24.4%
    5Y DPS growth
    15.3%
    Pay months
    Jan, Apr, Jul, Oct
    TSM dividend history

    Frequently Asked Questions About TSM

    What is TSM's current dividend yield?
    Taiwan Semiconductor Manufacturing (TSM) has a forward dividend yield of 1.00%.
    Does TSM pay dividends?
    Yes, Taiwan Semiconductor Manufacturing pays dividends with a forward dividend yield of 1.00%.
    What is TSM's P/E ratio?
    Taiwan Semiconductor Manufacturing has a price-to-earnings (P/E) ratio of 32.08.
    What is TSM's market cap?
    Taiwan Semiconductor Manufacturing (TSM) has a market capitalization of $2.35T with a current stock price of $444.59.

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