TSMC Form 6-K Summary: Q3 2025 Results
Business Context and Reporting Period
Taiwan Semiconductor Manufacturing Company Limited (TSMC) filed a Form 6-K on November 11, 2025, reporting results for the third quarter and the nine months ended September 30, 2025. The Board of Directors approved the financial statements and business report during a meeting held on the filing date.
Key Financial Metrics
| Metric | Value (NT$) | Notes |
|---|---|---|
| Q3 2025 Revenue | 989.92 billion | Consolidated |
| Q3 2025 Net Income | 452.30 billion | Consolidated |
| Q3 2025 Diluted EPS | 17.44 | Per share |
| 9M 2025 Net Sales | 2,762.96 billion | Consolidated |
| 9M 2025 Gross Profit | 1,629.31 billion | Consolidated |
| 9M 2025 Operating Income | 1,371.19 billion | Consolidated |
| 9M 2025 Net Income | 1,209.98 billion | Consolidated |
| 9M 2025 Basic EPS | 46.75 | Per share |
| Total Assets (Sep 30, 2025) | 7,354.11 billion | Consolidated |
| Total Liabilities (Sep 30, 2025) | 2,318.53 billion | Consolidated |
| Shareholders' Equity (Sep 30, 2025) | 4,998.31 billion | Consolidated |
Dividend: The Board approved a cash dividend of NT$6.0 per share for Q3 2025. The record date is March 23, 2026, with payment scheduled for April 9, 2026.
Material Changes and Capital Allocation
- Capital Appropriations: The Board approved approximately US$14.98 billion in capital expenditures. This funding supports fab construction, advanced technology capacity, advanced packaging, 2026 R&D investments, and sustaining capital expenditures.
- Asset Sale: TSMC approved the sale of equipment valued between US$20 million and US$23 million to Vanguard International Semiconductor Corporation (VIS), an affiliate.
- Operational Scale: As of 2024, TSMC deployed 288 distinct process technologies and manufactured 11,878 products for 522 customers.
Guidance, Outlook, and Risks
The filing does not provide specific forward-looking revenue guidance or numerical forecasts for future periods. Management commentary indicates that capital appropriations are driven by long-term capacity plans based on market demand forecasts and the company's technology development roadmap. The filing does not explicitly detail new material risks or contingencies beyond standard operational disclosures.
Investor Verification Checklist
- Verify the conversion of NT$ financial figures to USD for international comparison, as the filing reports in New Taiwan Dollars.
- Confirm the ex-dividend date of March 17, 2026, for both common stock and American Depositary Shares (ADSs).
- Review the specific breakdown of the US$14.98 billion capital appropriation to understand the allocation between new fab construction versus R&D and sustaining capex.
- Check for subsequent filings regarding the final valuation and terms of the equipment sale to VIS.