Bernstein says TSMC's Q3 revenue of 1.49 trillion New Taiwan dollars exceeded expectations by 3%
智通财经2026/10/09 03:51Bernstein stated that the continued growth in artificial intelligence demand and the resilience of high-end smartphone demand may continue to drive revenue growth for TSMC (TSM.US). Bernstein analysts pointed out that, based on monthly revenue data, TSMC's revenue in the third quarter reached NT$1.49 trillion, 3% higher than market expectations. The firm expects TSMC's revenue this year, denominated in US dollars, to grow by 41%. Analysts said that TSMC will release its full third-quarter financial report on Thursday, and investors will focus on its 2-nanometer process capacity ramp-up, the possibility of further expansion in the US, and the outlook for 2027. Bernstein believes there is upside potential to its previous forecasts of 30% annual revenue growth for TSMC in 2027 and 2028.
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German Minister of Economy: Priority will be given to releasing diesel and heating oil, followed by crude oil. Germany will release up to 15 million barrels of oil and petroleum products.
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The German Minister for Economic Affairs stated that German refineries are the most important assets for energy supply security. Priority will be given to releasing diesel and heating oil, followed by crude oil. The entire supply chain must always be considered, as crude oil alone is not sufficient.
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(1) The German Ministry of Economic Affairs announced on Friday that it will release up to approximately 15 million barrels of oil and petroleum products. (2) This move follows the G7's agreement to collectively release about 100 million barrels of emergency diesel and crude oil reserves. (3) German Minister for Economic Affairs Habeck stated that diesel and heating oil will be released first, followed by crude oil. (4) She affirmed that Germany will fully implement the relevant G7 agreement. (5) Habeck also emphasized that the entire supply chain must always be considered, and merely having available crude oil is not sufficient. (6) She added that German refineries are the most important assets for ensuring energy supply security. (7) Previously, the United States pressured the European Union to reduce emergency diesel inventories and warned that failure to act could result in restricted diesel exports. (8) From a market perspective, this measure will help alleviate short-term refined oil supply shortages, but the pace of release and coordination with refining capacity remain key factors. (9) Continued attention will be paid to the progress of releases by other G7 members and the impact on refined oil crack spreads.
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