Taiwan Semiconductor Manufacturing Co Ltd ADR

TSM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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TSMC Earnings: Higher Confidence in Artificial Intelligence Demand, but Guidance To Follow

Phelix Lee

Oct 15, 2026

In its third-quarter earnings release, Taiwan Semiconductor Manufacturing kept its 2026 capital expenditure unchanged but signaled more aggressive capex beyond 2026. It confirmed talks with Tesla but said any agreement would require TSMC to control fab operations.

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Taiwan Semiconductor Manufacturing Co Ltd ADR

TSMC Earnings: Higher Confidence in Artificial Intelligence Demand, but Guidance To Follow

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