Taiwan Semiconductor Manufacturing (TSM · NYSE)
TSM · MARKET VIEW
Market view · as of Oct 5, 2026
Price (last ~year)
Taiwan Semiconductor shares closed at $472.78, up 3.0% on the day and 13.7% over the past month, leaving the stock near its 52-week high with an RSI of 86 and a 22.7% premium to its 200-day average. Momentum is backed by fundamentals: the June 2026 quarter showed revenue of $1.27T and net income of $706.56B, with earnings up 77.4% year over year and a fourth consecutive earnings beat ($4.31 vs. $3.87 estimated). Margins remain exceptional at 64.2% gross and 49.9% net, leverage is minimal at 0.3x debt/EBITDA, and the company is reportedly weighing a multibillion-dollar Texas campus on top of its $265B U.S. investment. Valuation is the key debate ahead of Q3 results on October 15, with the stock trading at a 35.33 P/E versus an analyst target of $552.26.
Valuation
- Market cap
- $2.45T
- P/E
- 35.33
- PEG
- 0.858
- P/B
- 11.6
- P/S
- 0.552
- EV/EBITDA
- 18.19
- Beta
- 1.247
- Analyst target
- $552.26
Quality & returns
- Gross margin
- 64.2%
- Operating margin
- 60.3%
- Profit margin
- 49.9%
- ROE
- 40.0%
- ROA
- 19.0%
Price movement
- Last
- $472.78
- 1-month
- +13.7%
- 3-month
- +8.5%
- RSI (14)
- 86
- vs SMA200
- +22.7%
- 52-wk position
- 98.3% -0.7% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $1.27T | $766.60B | $706.56B | $896.27B |
| 2026-03-31 | $1.13T | $657.29B | $572.48B | $853.25B |
| 2025-12-31 | $1.06T | $569.13B | $510.52B | $760.11B |
| 2025-09-30 | $989.92B | $500.69B | $452.30B | $688.16B |
Recent news
- Somewhat-Bearish Can Taiwan Semiconductor Manufacturing (NYSE:TSM) Justify A Rich Price On Cash Flow? · 2026-10-03
- Neutral Taiwan Semiconductor Manufacturing (TSM) Could Be 21% Overvalued As Texas Plans Draw Focus · 2026-10-01
- Somewhat-Bullish TSMC mulls multibillion-dollar chip manufacturing campus in Texas · 2026-10-01
- Neutral Key facts: TSMC (2330) $265B U.S. investment; $60–$64B capex outlook; Q3 results Oct. 15 · 2026-10-01
- Somewhat-Bullish Nvidia, Broadcom, and AMD Investors Need to Have Oct. 15 Circled on Their Calendars · 2026-09-30
- Somewhat-Bullish TSMC Reportedly Weighs Texas Chip Investment On Top Of $265B Arizona Push · 2026-09-30
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)