📌 TSMC’s Growth Is Accelerating, but Pricing Power Remains to Be Proven
TSMC’s third-quarter revenue and profit exceeded expectations, and its fourth-quarter revenue guidance was also significantly above market expectations. The results not only reflect strong current demand, but also make the quality of growth a key focus: advanced nodes accounted for 79% of wafer revenue, and product mix may be an important driver of revenue growth.
Another comparison across periods shows that from the second quarter of 2022 to the second quarter of 2026, TSMC’s share of revenue rose by more than 15 percentage points, while its share of wafer shipments remained stable. Analysts infer from this that its ability to raise average selling prices has strengthened. Taken together, the two pieces of information suggest that growth may not be due solely to selling more wafers, but is also related to the share of advanced nodes and prices; however, the change in share alone cannot prove how much higher prices contributed, nor guarantee that this trend will continue.
The next things to watch are whether demand for advanced nodes can be sustained and whether the revenue-share advantage continues to widen. The information currently available comes from social media accounts relaying the claims, with no original company financial statements or source for the share data provided; the specific figures and assessment of pricing power still need to be verified.
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