AI芯片需求激增！台积电Q3净利润飙升39%创纪录

Core Viewpoint - TSMC reported strong Q3 2025 earnings driven by robust demand for AI chips, with net profit increasing by 39.1% year-over-year, exceeding market expectations and reaching a record high [1][4]. Financial Performance - Q3 2025 revenue was NT$989.92 billion, a year-over-year increase of 30.3% and a quarter-over-quarter increase of 6% [4]. - Net profit for Q3 2025 was NT$452.30 billion, surpassing the expected NT$405.47 billion, marking a record high with a year-over-year increase of 39.1% and a quarter-over-quarter increase of 13.6% [4][8]. - In USD terms, Q3 2025 revenue was $33.10 billion, reflecting a 40.8% increase year-over-year and a 10.1% increase quarter-over-quarter [5][14]. - Gross margin for Q3 2025 was 59.5%, operating margin was 50.6%, and net profit margin was 45.7% [6][8]. Earnings Per Share - Earnings per share for Q3 2025 was NT$17.44, equivalent to $2.92 per American Depositary Share [7][8]. Product and Market Insights - Advanced process nodes contributed significantly to revenue, with 3nm process accounting for 23%, 5nm for 37%, and 7nm for 14% of wafer sales [8]. - High-Performance Computing (HPC) represented 57% of revenue, surpassing the smartphone segment at 30%, indicating strong demand for AI chips [9]. Future Outlook - TSMC raised its revenue growth forecast for 2025 to approximately 30%, up from earlier estimates [12]. - Q4 2025 revenue is projected to be between $32.2 billion and $33.4 billion, with a gross margin forecast of 59% to 61% [12][14]. - Capital expenditures for 2025 are expected to be between $40 billion and $42 billion, an increase from previous forecasts [12].