{"schema_version":"1.0","item":{"schema_version":"1.0","id":"ca-note-tsmc-september-2026-revenue","slug":"tsmc-september-2026-revenue","scope":{"type":"company","slug":"tsmc","label":"TSMC (TSM / 2330)"},"status":"published","published_at":"2026-10-12T05:22:48Z","updated_at":"2026-10-12T05:22:48Z","research_as_of":"2026-10-12","title":"TSMC: September revenue confirms demand strength, not CoWoS capacity release","summary":"TSMC reports unaudited September revenue of NT$511.857 billion, up 54.6% year over year; January-September revenue reached NT$3,898.727 billion, up 41.1%.","what_changed":["September revenue was NT$511.857 billion, down 0.6% from August and up 54.6% from September 2025.","January-September 2026 revenue totaled NT$3,898.727 billion, 41.1% above the comparable 2025 period.","The company release reports consolidated revenue; it does not isolate CoWoS utilization, advanced-packaging throughput, HBM allocation or customer qualification."],"why_it_matters":"The update confirms unusually strong foundry demand through the third quarter, but it does not resolve the packaging-capacity evidence gap. ConstraintAlpha should keep total revenue separate from proof of qualified CoWoS or HBM supply.","confidence":"high","evidence":[{"label":"TSMC September 2026 Revenue Report","url":"https://pr.tsmc.com/english/news/3343","source_type":"company_release","primary":true,"supports":"September revenue, month-over-month and year-over-year changes, and January-September total.","as_of":"2026-10-08"},{"label":"TSMC 2026 monthly revenue table","url":"https://investor.tsmc.com/english/monthly-revenue/2026","source_type":"company_release","primary":true,"supports":"Monthly consolidated revenue series and the unaudited status of 2026 figures.","as_of":"2026-10-08"},{"label":"TSMC Form 6-K revenue report","url":"https://www.sec.gov/Archives/edgar/data/1046179/000104617926000680/tsm-revenue20261008.htm","source_type":"regulatory_filing","primary":true,"supports":"Company revenue release filed with the U.S. Securities and Exchange Commission.","as_of":"2026-10-08"}],"human_review_status":"approved","url":"https://constraintalpha.com/research/tsmc-september-2026-revenue","markdown_url":"https://constraintalpha.com/research/notes/tsmc-september-2026-revenue.md"}}