TSMC (TSM) Q3 FY2026 Earnings Overview: 69% Record 69% Net Income Growth Overshadowed by 2027 Demand Concerns in 1.80% Selloff

TSMC reported Q3 FY2026 revenue of NT$1.494T ($46.72B), record net income, and stronger margins before its ADR fell 1.80%. This analysis explains the earnings beat, 2nm and HPC momentum, above-consensus Q4 guidance, and the demand concerns that shaped the market reaction.