By Daniel Sparks
Publication Date: 2026-10-11 07:38:00
Nvidia (NVDA -0.52%) likely won’t post its fiscal third-quarter results until November. Last year, the artificial intelligence (AI) chip leader put out the same quarter’s numbers on Nov. 19.
But investors will see the demand behind that quarter long before then. Taiwan Semiconductor Manufacturing (TSM -1.02%), which makes Nvidia’s chips, reports its third-quarter results on Thursday, Oct. 15. And TSMC’s quarter ran from July through September, covering around two of the three months in Nvidia’s fiscal quarter, which closes in late October.
TSMC has guided for third-quarter revenue of $44.6 billion to $45.8 billion. At the midpoint, that would be 12% higher than the second quarter and 37% more than a year before.
I think it’s the best early look investors will have at Nvidia’s next quarter. But it covers the whole AI chip market, not just Nvidia, and that limits what it can show.
Image source: TSMC.
A head start
Nvidia’s annual report says it uses foundries like TSMC and Samsung to make its chip wafers, and it depends on a packaging process called CoWoS. CoWoS is TSMC’s technology for joining processors with stacks of fast memory in one package.
TSMC’s results usually track the AI build-out, and they come first. Its monthly sales through August already pointed to a strong quarter. July revenue rose around 45% year over year in New Taiwan dollars, and August revenue climbed about 53%.
Nvidia, for its part, has guided for about $108 billion in fiscal third-quarter revenue,…
