TSMC Q3 Earnings Preview: Analysts Bullish Despite Recent Stock Dip
Taiwan Semiconductor Manufacturing Co. (TSMC) prepares to release third-quarter earnings amid analyst optimism, with two firms raising price targets ahead of the October 16 report. The chipmaker's September revenue showed 31.4% annual growth despite slight monthly softening.
Wall Street anticipates $2.63 EPS and $32.07 billion revenue, aligning with TSMC's guidance. Gross margins are projected between 55.5%-57.5%, slightly below Q2's 58.6%. The stock has retreated 8% in five sessions, creating potential entry points for investors.
As the primary supplier to Apple, Nvidia, and AMD, TSMC remains a bellwether for semiconductor demand. Its performance could signal broader tech sector trends, particularly in AI and consumer electronics supply chains.
