TradingKey – Taiwan Semiconductor Manufacturing (NYSE: TSM) results were reported this week. The stock is off its highs. However, 3Q of 26 was TSMC’s best quarter ever. TSMC is the largest semiconductor manufacturer and foundry in the world. The American Depositary Receipt (ADR) closed on Thursday, October 15, at $422.25, down 2% on the results. TSM is currently trading down around 13% from its October high of $487.47, which is also its 52-week-high.

I believe TSMC is growing capex and AI demand is driving TSMC’s recent growth. TSMC beat estimates and raised its 2026 guidance. TSMC guided 4Q26 significantly higher. The next catalyst is October monthly revenue. Historically TSMC has released its monthly revenue around November 10th.