Goldman Sachs raises Taiwan Semiconductor stock target to TWD 3,300

Published on 10/06/2026 at 14:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 33.70 percent to USD 40.20 billion. Taiwan Semiconductor stock costs EUR 431.25 on October 6, 2026 versus EUR 433.25.

TSM, US8740391003, Illustration mit AI erstellt.

Taiwan Semiconductor Manufacturing stock (ISIN US8740391003) was trading at EUR 431.25 at Lang & Schwarz on October 6, 2026 at 2:14 p.m. CEST, down 0.46 percent versus the prior close of EUR 433.25. On October 6, 2026, PANews reported that Goldman Sachs raised its TSMC target from TWD 3,100 to TWD 3,300 and maintained a Buy rating.

Goldman lifts its AI growth case

Goldman Sachs expects TSMC revenue to grow 42.00 percent in 2026 and 36.90 percent in 2027, according to the October 6, 2026 report. The same assessment puts gross margins at 67.20 percent and 67.50 percent for those years, respectively.

The forecast is tied to demand for GPUs, networking chips and server CPUs. Goldman also raised its capital expenditure forecasts for 2027 and 2028 from TWD 78.00 billion and TWD 82.00 billion to TWD 85.00 billion and TWD 98.00 billion, respectively, according to PANews.

October results set the next test

TSMC reported second-quarter revenue of USD 40.20 billion, up 33.70 percent from a year earlier and 12.00 percent from the prior quarter, according to TokenPost. Gross margin was 67.70 percent, while operating margin reached 60.30 percent and net profit margin stood at 55.60 percent.

For the third quarter of 2026, management guided to revenue of USD 44.60 billion to USD 45.80 billion, gross margin of 65.00 percent to 67.00 percent and operating margin of 56.00 percent to 58.00 percent, TokenPost reported on September 30, 2026. The revenue range is 11.00 percent to 13.93 percent above second-quarter revenue, making margin preservation the key test alongside demand.

Valuation meets a dated catalyst

TSMC is scheduled to release its third-quarter 2026 results on October 15, 2026, according to TokenPost. The company also has September monthly sales scheduled for October 8, 2026.

That sequence gives the market two operating checkpoints before the earnings call. Revenue near the upper end of guidance would reinforce the growth case, while a margin result below the 65.00 percent to 67.00 percent range would put more weight on the cost of expanding advanced-node and packaging capacity.

TSM stock trades below its prior close

At Lang & Schwarz, TSM stock was trading at EUR 431.25 on October 6, 2026 at 2:14 p.m. CEST, down 0.46 percent from the EUR 433.25 prior close of October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Taiwan Semiconductor stock.