--- title: Taiwan Semiconductor (TSM) — stock overview: intrinsic value, grades and financials canonical: https://sweetvaluelab.com/stocks/tsm ticker: TSM as_of: 2026-11-02 sector: Technology industry: Semiconductors --- # Taiwan Semiconductor (TSM) Taiwan Semiconductor (TSM) closed at $406.13 on Oct 30, 2026. The models produced no usable value for it on this snapshot. In Q3 FY2026, the latest quarter on file, revenue grew 51% on a year earlier to $1.5T, with an operating margin of 58.6%. Over the twelve months to Q3 FY2026, free cash flow was $1.5T. Among the superinvestors tracked here, Chase Coleman reduced and First Eagle reduced. Insiders bought $121,466.7 on the open market over the last 90 days. The latest filing is a 6-K (current report (foreign issuer)), filed Oct 22. The valuation in full, model by model: https://sweetvaluelab.com/stocks/tsm/valuation. ## Key figures | Figure | Value | | --- | ---: | | Last close | $406.13 (Oct 30, 2026) | | Model value (median of the weighted models) | none — unsupported currency | | Price vs model | — | | Range across the models | — | | Market value | $2.1T | | P/E (fiscal 2025) | 28.7 | | Net margin (fiscal 2025) | 44.6% | | Free cash flow (fiscal 2025) | $992.4B | | Dividend yield (trailing twelve months) | 0.94% | | Beta | 1.38 | | Cost of capital (WACC) | — | | Business classification | — | ## The last eight quarters | Quarter | Revenue | Change on a year earlier | Operating margin | | --- | ---: | ---: | ---: | | Q4 FY2024 | $868.5B | — | 49.0% | | Q1 FY2025 | $839.3B | — | 48.5% | | Q2 FY2025 | $933.8B | — | 49.6% | | Q3 FY2025 | $989.9B | — | 50.6% | | Q4 FY2025 | $1.0T | +20.5% | 54.0% | | Q1 FY2026 | $1.1T | +35.1% | 58.1% | | Q2 FY2026 | $1.3T | +36.0% | 60.3% | | Q3 FY2026 | $1.5T | +50.9% | 58.6% | Twelve months to Q3 FY2026, against the twelve before: | Line | Latest | Year before | | --- | ---: | ---: | | Revenue | $4.9T | $3.6T | | Operating income | $2.9T | $1.8T | | Net income | $2.5T | $1.6T | | Free cash flow | $1.5T | $886.6B | | Diluted EPS | $490.70 | $306.59 | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Largest companies | #6 | $2.1T | https://sweetvaluelab.com/lists/largest-companies | | Insider buying | #39 | $121,467 | https://sweetvaluelab.com/lists/insider-buying | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.94% | | Dividends per share, last 12 months | $3.80 | | Dividends / free cash flow (fiscal 2025) | 47.0% | | Raised | 3 years in a row | | Growth over 5 years | 21.4% a year | | Latest payment | $1.1136, ex-date Sep 16, 2026, paid Oct 8, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 16, 2021 | $1.44 | | To Sep 15, 2022 | $1.48 | | To Sep 14, 2023 | $1.42 | | To Sep 12, 2024 | $1.74 | | To Sep 16, 2025 | $2.45 | | Trailing twelve months (to Sep 16, 2026) | $3.80 | ## Wall Street analysts The median of each covering firm's latest price target is $557.00, from 4 firms — the analysts' figure, quoted, and not part of the model value above. Each firm's latest target, the current grades, the grade changes and the consensus revenue and EPS estimates: https://sweetvaluelab.com/stocks/tsm/analysts (Markdown: https://sweetvaluelab.com/stocks/tsm/analysts.md). ## Insider activity (SEC Form 4) Past 90 days: 31 open-market buys ($121,466.7) and 0 open-market sales ($0); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 7, 2026 | Yuan Lipen | VP | Open-market buy | 40 | $3,175.6 | | Oct 7, 2026 | Yeap Choh Fei | SVP | Open-market buy | 52 | $4,128.3 | | Oct 7, 2026 | Zhang Kevin Xiaoqiang | SVP and Deputy Co-COO | Open-market buy | 59 | $4,684 | | Oct 7, 2026 | Yoo Chue-San | VP | Open-market buy | 50 | $3,969.5 | | Oct 7, 2026 | Wu Shien-Yang | SVP | Open-market buy | 53 | $4,207.7 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 22, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1046179/000104617926000728/tsm-monthend6kx20261022.htm | | Oct 15, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1046179/000104617926000726/tsm-20261015x6k.htm | | Oct 8, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1046179/000104617926000680/tsm-revenue20261008.htm | | Sep 24, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1046179/000104617926000660/tsm-monthend6kx20260924.htm | | Sep 10, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1046179/000104617926000658/tsm-revenue20260910.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Chase Coleman | 2026-06-30 | 4,881,008 | $2.3B | | First Eagle | 2026-06-30 | 3,745,597 | $1.8B | | Viking Global | 2026-06-30 | 3,168,097 | $1.5B | | Tepper | 2026-06-30 | 1,650,000 | $788.0M | 27 tracked managers in all. ## About Taiwan Semiconductor Manufacturing Company Limited (TSMC), along with its affiliated entities, operates globally in the semiconductor industry, specializing in the manufacturing, packaging, meticulous testing, and worldwide distribution of integrated circuits and other crucial semiconductor components. Its expansive international presence covers key markets such as Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company is renowned for its diverse array of wafer fabrication processes. These capabilities enable the production of various advanced semiconductor types, including complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal devices, radio frequency components, embedded memory, and bipolar CMOS mixed-signal circuits. Beyond its core foundry services, TSMC extends its offerings to include dedicated customer and engineering support. It also… --- Source: https://sweetvaluelab.com/stocks/tsm (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.