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Taiwan Semiconductor — Presentation Material (2026 Q3)
Taiwan Semiconductor (TSM) · 12 slides · Filed Oct 21, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All TSM deck slides
Slide 1 — 2026 Third Quarter Earnings Conference
Unleash Innovation © 0 2026 TSMC, Ltd TSMC Property Unleash Innovation 2026 Third Quarter Earnings Conference October 15, 2026
Slide 2 — Agenda
Unleash Innovation © 1 2026 TSMC, Ltd TSMC Property Agenda Welcome Jeff Su, IR Director 3Q26 Financial Results and 4Q26 Outlook Wendell Huang, CFO Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO Q&A
Slide 3 — Safe Harbor Notice
Unleash Innovation © 2 2026 TSMC, Ltd TSMC Property Safe Harbor Notice 7 6 0 & ¶ V V W D W H P H Q W V R I L W V F X U U H Q W H [ S H F W D W L R Q V D U H -looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. Information as to those factors that could cause actual results to vary can be found in 7 6 0 & ¶ V $ Q Q ual Report on Form 20-F filed with the United States Securities and ( [ F K D Q J H & R P P L V V L R Q W K H ‡ 6 ( & · R Q April 16, 2026 and such other documents as TSMC may file with, or submit to, the SEC from time to time. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Slide 4 — Statements of Comprehensive Income
Unleash Innovation © 3 2026 TSMC, Ltd TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q26 3Q26 2Q26 3Q25 3Q26 Over 2Q26 3Q26 Over 3Q25 (In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 46.72 44.6-45.8 40.20 33.10 +16.2% +41.2% Net Revenue 1,494.24 1,270.38 989.92 +17.6% +50.9% Gross Margin 66.4% 65.0%-67.0% 67.7% 59.5% -1.3 ppts +6.9 ppts Operating Expenses (116.43) (98.98) (87.76) +17.6% +32.7% Operating Margin 58.7% 56.0%-58.0% 60.3% 50.6% -1.6 ppts +8.1 ppts Non-Operating Items 34.59 95.83 24.68 -63.9% +40.1% Net Income Attributable to Shareholders of the Parent Company 763.06 706.56 452.30 +8.0% +68.7% Net Profit Margin 51.1% 55.6% 45.7% -4.5 ppts +5.4 ppts EPS (NT Dollar) 29.43 27.25 17.44 +8.0% +68.7% ROE 45.5% 45.9% 37.8% -0.4 ppts +7.7 ppts Shipment (Kpcs, 12"-equiv. Wafer) 4,476 4,336 4,085 +3.2% +9.6% Average Exchange Rate--USD/NTD 31.98 32.0 31.60 29.91 +1.2% +6.9% * Diluted weighted average outstanding shares were 25,932mn units in 3Q26 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company
Slide 5 — 3Q26 Revenue by Technology
Unleash Innovation © 4 2026 TSMC, Ltd TSMC Property 3Q26 Revenue by Technology
Slide 6 — 3Q26 Revenue by Platform
Unleash Innovation © 5 2026 TSMC, Ltd TSMC Property 3Q26 Revenue by Platform
Slide 7 — Balance Sheets & Key Indices
Unleash Innovation © 6 2026 TSMC, Ltd TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q26 2Q26 3Q25 (In NT$ billions) Amount % Amount % Amount % Cash & Marketable Securities 4,016.98 39.9 % 3,518.01 37.5 % 2,751.06 37.4 % Accounts Receivable 483.56 4.8 % 440.92 4.7 % 307.81 4.2 % Inventories 427.75 4.3 % 385.53 4.1 % 288.69 3.9 % Long-term Investments 224.63 2.2 % 227.93 2.4 % 148.98 2.0 % Net PP&E 4,526.49 45.0 % 4,302.88 45.9 % 3,499.34 47.6 % Total Assets 10,052.89 100.0 % 9,375.65 100.0 % 7,354.11 100.0 % Current Liabilities 1,967.75 19.6 % 1,857.76 19.8 % 1,275.91 17.3 % Long-term Interest-bearing Debts 818.38 8.1 % 864.27 9.2 % 918.23 12.5 % Total Liabilities 3,009.66 29.9 % 2,901.18 30.9 % 2,318.53 31.5 % Total Shareholders' Equity 7,043.23 70.1 % 6,474.47 69.1 % 5,035.58 68.5 % Key Indices A/R Turnover Days 28 29 25 Inventory Turnover Days 82 87 74 Current Ratio (x) 2.6 2.5 2.7 Asset Productivity (x) 1.4 1.2 1.2 * Total outstanding shares were 25,932mn units at 9/30/26 ** Asset productivity = Annualized net revenue / Average net PP&E
Slide 8 — Cash Flows
Unleash Innovation © 7 2026 TSMC, Ltd TSMC Property Cash Flows * Free cash flow = Cash from operating activities –Capital expenditures (In NT$ billions) 3Q26 2Q26 3Q25 Beginning Balance 3,134.22 3,035.64 2,364.52 Cash from operating activities 919.77 783.36 426.83 Capital expenditures (443.21) (496.00) (287.45) Cash dividends (155.59) (155.59) (116.70) Bonds payable (0.85) (31.66) (9.06) Investments and others 167.55 (1.53) 92.62 Ending Balance 3,621.89 3,134.22 2,470.76 Free Cash Flow * 476.56 287.36 139.38
Slide 9 — 4Q26 Guidance
Unleash Innovation © 8 2026 TSMC, Ltd TSMC Property 4Q26 Guidance Based on our current business outlook, management expects: Revenue to be between US$52.3 billion and US$54.3 billion And, based on the exchange rate assumption of 1 US dollar to 31.8 NT dollars, management expects: Gross profit margin to be between 65% and 67% Operating profit margin to be between 56.5% and 58.5%
Slide 10 — Future Outlook
Unleash Innovation © 9 2026 TSMC, Ltd TSMC Property Future Outlook Based on our current business outlook, management expects: 2026 revenue to increase by around 44% in US dollar terms
Slide 11 — Recap of Recent Major Events
Unleash Innovation © 10 2026 TSMC, Ltd TSMC Property Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements ASML and TSMC Announce Initiative to Pioneer Industry Transition to Large-Format Photomasks for High NA EUV (2026/09/08) Sony Semiconductor Solutions and TSMC Agreed to Establish Joint Venture for Next- Generation Image Sensors (2026/08/11) TSMC Board of Directors Approved NT$7.00 Cash Dividend for the Second Quarter of 2026 and Set December 10, 2026 as Ex-Dividend Date, December 16, 2026 as the Record Date and January 7, 2027 as the Distribution Date (2026/08/11) Recap of Recent Major Events
Slide 12 — https://www.tsmc.com
Unleash Innovation © 11 2026 TSMC, Ltd TSMC Property https://www.tsmc.com [email protected]