Analysts expect thirdquarter profit of 9.27 bln
Q3 revenue jumps, beats market expectations
Stock price has leapt on chip demand for AI applications
Earnings call at 0600 GMT on Thursday

TAIPEI, Oct 14 Reuters Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40 leap in thirdquarter profit on Thursday thanks to soaring demand.

The world39;s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from the surge towards AI.

TSMC is set to report a net profit of T298.2 billion 9.27 billion for the quarter ended Sept. 30, according to a LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.

That estimate compares to the 2023 thirdquarter net profit of T211 billion.

TSMC last week reported a jump in thirdquarter revenue as reported in Taiwan dollars, comfortably beating market expectations. The company gives its revenue outlook in U.S. dollars at its earnings conference.

Most of TSMC39;s major clients, including Apple, Nvidia, AMD, Qualcomm and Mediatek are launching new products which heavily rely on TSMC39;s advanced process technologies, said Li Fangkuo, chairman of President Capital Management.

TSMC39;s Q3 earnings will exceed expectations by a lot, Li added.

TSMC, at its quarterly earnings call at 0600 GMT on Thursday, will update its outlook for the…