# TSMC revenue exceeds guidance as 2nm ramp weighs on margins

_Published Friday, October 16, 2026 at 8:18 PM EDT · Products · Latest · Tier 2 — Notable_

![TSMC revenue exceeds guidance as 2nm ramp weighs on margins — Primary](https://assets.st-note.com/production/uploads/images/324801131/rectangle_large_type_2_5fca08dce63da02d9d3f77c81bab1c5c.png?fit=bounds&quality=85&width=1280)

TSMC reported third-quarter revenue of US$46.72 billion on October 15, exceeding its US$44.6 billion to US$45.8 billion guidance, according to an analysis on note.com citing official earnings materials. Revenue rose 16.2% sequentially and 41.2% year over year.

Gross margin fell 1.3 percentage points sequentially to 66.4%, primarily because of the initial ramp-up of its N2, or 2nm, chipmaking process. High-performance computing accounted for 68% of revenue. TSMC forecast fourth-quarter revenue of US$52.3 billion to US$54.3 billion. Third-quarter capital expenditure fell to US$13.84 billion from US$15.70 billion, limiting what the revenue growth alone signals about equipment demand.

## Sources

- [note](https://note.com/misty26222/n/nc2258a663ea6?hl=en)

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Canonical: https://techandbusiness.org/newswire/uSbxczwSG9mcCd1jDRcw-j
Published: 2026-10-17T00:18:06.905Z
Story chronology: 2026-10-15T00:00:00.000Z
Retrieved: 2026-10-17T03:06:56.299Z
Publisher: Tech & Business (techandbusiness.org)