6-K
Taiwan Semiconductor Manufacturing Co Ltd (TSM)
1934 Act Registration No. 1-14700
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 6-K
_____________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2025
(Commission File Number: 001-14700)
_____________________________
Taiwan Semiconductor Manufacturing Company Limited
(Translation of Registrant’s Name Into English)
_____________________________
No. 8, Li-Hsin Road 6
Hsinchu Science Park Hsinchu 300-096, Taiwan
Republic of China
(Address of Principal Executive Offices)
_____________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1):o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7):o
| SIGNATURES | ||||
|---|---|---|---|---|
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | Taiwan Semiconductor Manufacturing Company Limited | |||
| --- | --- | --- | ||
| Date: October 16, 2025 | By | /s/ Wendell Huang | ||
| Wendell Huang | ||||
| Senior Vice President & Chief Financial Officer |
Exhibits
| Exhibit Number | Exhibit Description |
|---|---|
| 99.1 | Press release issued by TSMC onOctober16, 2025. |
| 99.2 | 2025ThirdQuarter Earnings Conference Presentation Material. |
Document
TSMC Reports Third Quarter EPS of NT$17.44
HSINCHU, Taiwan, R.O.C., Oct. 16, 2025 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$989.92 billion, net income of NT$452.30 billion, and diluted earnings per share of NT$17.44 (US$2.92 per ADR unit) for the third quarter ended September 30, 2025.
Year-over-year, third quarter revenue increased 30.3%, while net income and diluted EPS increased 39.1% and 39.0% respectively. Compared to second quarter 2025, third quarter results represented a 6.0% increase in revenue and a 13.6% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, third quarter revenue was $33.10 billion, which increased 40.8% year-over-year and increased 10.1% from the previous quarter.
Gross margin for the quarter was 59.5%, operating margin was 50.6%, and net profit margin was 45.7%.
In the third quarter, shipments of 3-nanometer accounted for 23% of total wafer revenue; 5-nanometer accounted for 37%; 7-nanometer accounted for 14%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 74% of total wafer revenue.
“Our business in the third quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into fourth quarter 2025, we expect our business to be supported by continued strong demand for our leading-edge process technologies.”
Based on the Company’s current business outlook, management expects the overall performance for fourth quarter 2025 to be as follows:
•Revenue is expected to be between US$32.2 billion and US$33.4 billion;
And, based on the exchange rate assumption of 1 US dollar to 30.6 NT dollars,
•Gross profit margin is expected to be between 59% and 61%;
•Operating profit margin is expected to be between 49% and 51%.
TSMC’s 2025 third quarter consolidated results:
(Unit: NT$ million, except for EPS)
| 3Q25<br><br>Amounta | 3Q24<br><br>Amount | YoY<br><br>Inc. (Dec.) % | 2Q25<br><br>Amount | QoQ<br><br>Inc. (Dec.) % | |
|---|---|---|---|---|---|
| Net sales | 989,918 | 759,692 | 30.3 | 933,792 | 6.0 |
| Gross profit | 588,543 | 439,345 | 34.0 | 547,369 | 7.5 |
| Income from operations | 500,685 | 360,766 | 38.8 | 463,423 | 8.0 |
| Income before tax | 525,369 | 384,187 | 36.7 | 493,036 | 6.6 |
| Net income | 452,302 | 325,258 | 39.1 | 398,273 | 13.6 |
| EPS (NT$) | 17.44b | 12.54c | 39.0 | 15.36d | 13.6 |
a: 3Q2025 figures have not been approved by Board of Directors
b: Based on 25,930 million weighted average outstanding shares
c: Based on 25,928 million weighted average outstanding shares
d: Based on 25,929 million weighted average outstanding shares
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 288 distinct process technologies, and manufactured 11,878 products for 522 customers in 2024 by providing the broadest range of advanced, specialty and advanced packaging technology services. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
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| TSMC Spokesperson:<br><br>Wendell Huang<br><br>Senior Vice President and CFO | Media Contacts:<br><br>Nina Kao<br><br>Head of Public Relations<br><br>Tel: 886-3-563-6688 ext.712-5036<br><br>Mobile: 886-988-239-163<br><br>E-Mail:press@tsmc.com | Ulric Kelly<br><br>Public Relations<br><br>Tel: 886-3-563-6688 ext.712-6541<br><br>Mobile: 886-978-111-503<br><br>E-Mail:press@tsmc.com |
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a3q25presentatione
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 02025 TSMC, Ltd TSMC Property Unleash Innovation 2025 Third Quarter Earnings Conference October 16, 2025
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 12025 TSMC, Ltd TSMC Property Agenda • Welcome Jeff Su, IR Director • 3Q25 Financial Results and 4Q25 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 22025 TSMC, Ltd TSMC Property Safe Harbor Notice • TSMC’s statements of its current expectations are forward-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 TSMC’s 2024 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 17, 2025 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.
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 32025 TSMC, Ltd TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q25 3Q25 2Q25 3Q24 3Q25 Over 2Q25 3Q25 Over 3Q24(In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 33.10 31.8-33.0 30.07 23.50 +10.1% +40.8% Net Revenue 989.92 933.79 759.69 +6.0% +30.3% Gross Margin 59.5% 55.5%-57.5% 58.6% 57.8% +0.9 ppts +1.7 ppts Operating Expenses (87.76) (84.51) (79.08) +3.9% +11.0% Operating Margin 50.6% 45.5%-47.5% 49.6% 47.5% +1.0 ppt +3.1 ppts Non-Operating Items 24.68 29.61 23.42 -16.6% +5.4% Net Income Attributable to Shareholders of the Parent Company 452.30 398.27 325.26 +13.6% +39.1% Net Profit Margin 45.7% 42.7% 42.8% +3.0 ppts +2.9 ppts EPS (NT Dollar) 17.44 15.36 12.54 +13.6% +39.0% ROE 37.8% 34.8% 33.4% +3.0 ppts +4.4 ppts Shipment (Kpcs, 12"-equiv. Wafer) 4,085 3,718 3,338 +9.9% +22.4% Average Exchange Rate--USD/NTD 29.91 29.0 31.05 32.32 -3.7% -7.5% * Diluted weighted average outstanding shares were 25,930mn units in 3Q25 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 42025 TSMC, Ltd TSMC Property 3Q25 Revenue by Technology
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 52025 TSMC, Ltd TSMC Property 3Q25 Revenue by Platform
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 62025 TSMC, Ltd TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q25 2Q25 3Q24 (In NT$ billions) Amount % Amount % Amount % Cash & Marketable Securities 2,751.06 37.4 % 2,634.43 37.6 % 2,167.60 35.2 % Accounts Receivable 307.81 4.2 % 235.69 3.4 % 249.97 4.1 % Inventories 288.69 3.9 % 304.19 4.3 % 292.88 4.7 % Long-term Investments 148.98 2.0 % 137.43 2.0 % 127.33 2.1 % Net PP&E 3,499.34 47.6 % 3,386.21 48.3 % 3,071.60 49.8 % Total Assets 7,354.11 100.0 % 7,006.35 100.0 % 6,165.66 100.0 % Current Liabilities 1,275.91 17.3 % 1,377.31 19.7 % 1,080.40 17.5 % Long-term Interest-bearing Debts 918.23 12.5 % 883.67 12.6 % 936.16 15.2 % Total Liabilities 2,318.53 31.5 % 2,389.72 34.1 % 2,143.74 34.8 % Total Shareholders' Equity 5,035.58 68.5 % 4,616.63 65.9 % 4,021.92 65.2 % Key Indices A/R Turnover Days 25 23 28 Inventory Turnover Days 74 76 87 Current Ratio (x) 2.7 2.4 2.6 Asset Productivity (x) 1.2 1.1 1.0 * Total outstanding shares were 25,933mn units at 9/30/25 ** Asset productivity = Annualized net revenue / Average net PP&E
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 72025 TSMC, Ltd TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 3Q25 2Q25 3Q24 Beginning Balance 2,364.52 2,394.80 1,799.13 Cash from operating activities 426.83 497.07 391.99 Capital expenditures (287.45) (297.22) (207.08) Cash dividends (116.70) (116.70) (90.76) Bonds payable (9.06) 3.70 (5.25) Investments and others 92.62 (117.13) (1.25) Ending Balance 2,470.76 2,364.52 1,886.78 Free Cash Flow * 139.38 199.85 184.91
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 82025 TSMC, Ltd TSMC Property 4Q25 Guidance Based on our current business outlook, management expects: ▪ Revenue to be between US$32.2 billion and US$33.4 billion And, based on the exchange rate assumption of 1 US dollar to 30.6 NT dollars, management expects: ▪ Gross profit margin to be between 59% and 61% ▪ Operating profit margin to be between 49% and 51%
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 92025 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 • TSMC Board of Directors Approved NT$5.00 Cash Dividend for the Second Quarter of 2025 and Set December 11, 2025 as Ex-Dividend Date, December 17, 2025 as the Record Date and January 8, 2026 as the Distribution Date (2025/08/12) Recap of Recent Major Events
Security B - TSMC Restricted Secret Security B - TSMC Restricted Secret Unleash Innovation © 102025 TSMC, Ltd TSMC Property https://www.tsmc.com invest@tsmc.com