Taiwan Semiconductor Posts Record Q3 Results: Time to Buy the Dip?

Taiwan Semiconductor Manufacturing Company (TSMC) delivered record Q3 earnings of $4.60 per share, beating expectations by 3%, with revenue surging 41% year-over-year to $46.72 billion. The company issued strong Q4 guidance of $52.3-$54.3 billion in revenue, implying 58% year-over-year growth and exceeding Wall Street expectations. With a reasonable valuation of 25X forward earnings and 24 consecutive quarters of earnings beats, TSM is positioned as a leading beneficiary of the AI infrastructure boom.