---
title: "TSMC hit a record NT$586.9bn in October; four of five assemblers peaked earlier"
summary: "Monthly revenue at TSMC and five Taiwanese server assemblers, January to October, from their exchange filings: who is pulling AI demand, and how a chip maker’s sales differ from an assembler’s."
url: https://www.thetechbag.com/blog/tsmc-october-record-assemblers-ai-server-revenue
format: Trend
desk: "Markets & the AI economy"
region: Global
published: 2026-11-10
facts_checked: 2026-11-10
author: TechBag (The TechBag Journal)
tags: ["TSMC","Hon Hai","Foxconn","Quanta","Wistron","Wiwynn","Inventec","monthly revenue","AI servers","semiconductors","Taiwan","consignment","supply chain"]
cover: https://www.thetechbag.com/blog/covers/tsmc-october-record-assemblers-ai-server-revenue.png
---

# TSMC hit a record NT$586.9bn in October; four of five assemblers peaked earlier

*Monthly revenue at TSMC and five Taiwanese server assemblers, January to October, from their exchange filings: who is pulling AI demand, and how a chip maker’s sales differ from an assembler’s.*

Trend · Markets & the AI economy · By TechBag · Published 2026-11-10 · Facts checked 2026-11-10 · Canonical: https://www.thetechbag.com/blog/tsmc-october-record-assemblers-ai-server-revenue

The short version

1. TSMC’s October revenue was NT$586.9bn, up 59.7% on a year earlier and the highest month in its history. Hon Hai, the largest of the five assemblers here, also set a record: NT$1,305.3bn, up 45.7%.[1][3][4]
2. The rise at Hon Hai did not come from AI servers: its cloud and networking line slipped from September, and consumer electronics rose most. The other four assemblers all set their 2026 highs before October.[2][4]
3. A chip maker’s revenue and an assembler’s measure different things: an assembler’s includes the price of the chips inside the server, unless the customer supplies them. Hon Hai reports its quarter on 12 November.[4]

Taiwan’s listed companies file their revenue every month, so its chip and server makers give the earliest regular reading of AI hardware demand, weeks before any quarter closes. We read ten months of filings from TSMC, which makes chips for other companies, and from five assemblers: Hon Hai (Foxconn), Quanta, Wistron, Wiwynn and Inventec. Who is pulling demand month by month, and what does a chip maker’s revenue mean next to an assembler’s?[2]

## TSMC: a record, and the line behind it

TSMC took in NT$586.9bn in October, 14.7% more than in September.[1] It is the highest month in the company’s history: the previous high was NT$514.8bn in August, and before this year the highest was NT$367.5bn, in October 2025.[2][3] For the first ten months TSMC has NT$4,485.6bn, up 43.3%.[1] Its exchange filing puts the rise on a year earlier down to greater demand for advanced-process products, as it did in June, August and September.[2] In the third quarter, processes of 7 nanometres and finer made up 79% of wafer revenue, and 2-nanometre had already reached 8%.[5]

**Figure: TSMC's October revenue of NT$586.9bn is the highest month in its history**

*Monthly consolidated net revenue, NT$ billion, January to October, 2026 against 2025*

|  | 2026 | 2025 |
| --- | --- | --- |
| Jan | 401.3 | 293.3 |
| Feb | 317.7 | 260 |
| Mar | 415.2 | 286 |
| Apr | 410.7 | 349.6 |
| May | 417 | 320.5 |
| Jun | 442.7 | 263.7 |
| Jul | 467.6 | 323.2 |
| Aug | 514.8 | 335.8 |
| Sep | 511.9 | 331 |
| Oct | 586.9 | 367.5 |

Source: TSMC filings on the Taiwan Stock Exchange's MOPS site; TSMC 6-K of 10 November 2026 · as of 10 November 2026 · Checked against TSMC's own monthly tables back to 2010

October ran above the pace TSMC guided for the quarter. It guided October to December revenue of US$52.3–54.3bn, at an assumed NT$31.8 to the dollar, which is about NT$1,663–1,727bn.[5] October alone is about 35% of that. To land inside the range at that rate, November and December would need to average NT$538–570bn, less than October.[5] Taiwan’s trade figures run the same way: October exports reached a record US$96.76bn, up 58.9%, with integrated circuits up 63.0% to US$31.17bn, according to the finance ministry.[6]

## The assemblers: Hon Hai's record, and four earlier highs

The five assemblers together booked NT$2.31tn in October, up 64.7% from NT$1.40tn a year earlier and up from NT$1.33tn in January.[2] Hon Hai alone was NT$1,305.3bn, which it calls the “highest single-month revenue in the Company’s history”.[4] Every other assembler’s 2026 high came earlier: Quanta (NT$424.0bn) and Wistron (NT$460.1bn) in August, Wiwynn (NT$172.6bn) in September, Inventec (NT$102.3bn) in June.[2]

**Figure: Hon Hai set a record in October; the other four assemblers together peaked in August**

*Monthly revenue, NT$ billion, January to October 2026: Hon Hai, and Quanta, Wistron, Wiwynn and Inventec combined*

|  | Hon Hai | Other four |
| --- | --- | --- |
| Jan | 730 | 604.2 |
| Feb | 595.8 | 646 |
| Mar | 803.7 | 882.1 |
| Apr | 832.1 | 790.9 |
| May | 859.4 | 768.5 |
| Jun | 821.8 | 920.6 |
| Jul | 946.5 | 882.4 |
| Aug | 921.8 | 1,111.6 |
| Sep | 1,158.6 | 977.4 |
| Oct | 1,305.3 | 1,001 |

Source: Company filings on the Taiwan Stock Exchange's MOPS site; TechBag sum of the four · as of 10 November 2026

Inside Hon Hai’s record, cloud and networking was the one segment that fell on the month. Smart consumer electronics grew most on the month, on what Hon Hai calls pull-in momentum and higher shipment prices. Cloud and networking recorded a “slight decline”, which it attributes to a “shift by consignment model, tight supply, and early-stage production ramps of new models”. Against October 2025, cloud and networking still led all four segments.[4]

The specialists are growing fastest. Quanta and Wistron have each roughly doubled over the first ten months, against 40.4% at Hon Hai, but both remain below their August levels. In their October filings Quanta gives a change in product mix as the reason for its rise on a year earlier; Wistron and Wiwynn cite customer demand.[2]

|  | October, NT$bn | On September | On October 2025 | Jan–Oct, NT$bn | On Jan–Oct 2025 | 2026 high |
| --- | --- | --- | --- | --- | --- | --- |
| TSMC (not in the sum) | 586.9 | +14.65% | +59.70% | 4,485.6 | +43.3% | October |
| Hon Hai | 1,305.3 | +12.66% | +45.73% | 8,975.1 | +40.4% | October |
| Quanta | 353.3 | +8.59% | +103.96% | 3,314.6 | +99.9% | August, 424.0 |
| Wistron | 402.6 | +5.72% | +117.55% | 3,293.5 | +99.5% | August, 460.1 |
| Wiwynn | 165.1 | −4.33% | +80.93% | 1,154.4 | +54.0% | September, 172.6 |
| Inventec | 80.0 | −18.92% | +46.01% | 822.2 | +43.1% | June, 102.3 |
| Five assemblers | 2,306.3 | +8.0% | +64.7% | 17,559.8 | +59.3% | October |

TechBag countHow the five add up

We added each company’s own monthly figure from the exchange tables: NT$2,306.3bn in October against NT$1,400.1bn a year earlier, and NT$17,559.8bn for January to October against NT$11,025.7bn. TSMC is left out of the sum, for the reason below.

## Why these are different numbers, and what to watch

TSMC sells finished wafers to the companies that design chips. An assembler buys chips, memory, boards and cooling, builds the server or rack and sells the whole thing, so its revenue includes the price of every part inside. One GPU is counted in TSMC’s revenue as a wafer, again in its designer’s sale, and again inside the assembler’s server, which is why these figures can never be added together.

Consignment shows why that matters. When a customer owns the GPUs or memory and supplies them to the assembler, the price of those parts generally stays out of the assembler’s revenue, which then looks more like a fee for the work. The same number of servers can ship while reported revenue falls. Hon Hai did not say how much of its decline came from this.[4]

Monthly revenue says nothing about margin. TSMC kept 66.4% as gross profit in the third quarter; the server maker Supermicro kept 12.7% in its latest quarter, as [our Trend on who keeps the margin](https://www.thetechbag.com/blog/ai-hardware-suppliers-revenue-who-keeps-margin) shows.[5][7] Growth in New Taiwan dollars also runs ahead of growth in US dollars at present: TSMC’s third-quarter revenue rose 50.9% in the one and 41.2% in the other, and Hon Hai’s October 45.73% and 39.7%.[4][5]

**What to watch.**

- **12 November:** Hon Hai’s call on third-quarter results, the first place it could say how large the consignment shift is. Its November revenue follows on 5 December.[4]
- **TSMC’s November figure.** Against the guidance arithmetic above, the question is whether it holds near October or settles lower.[5]
- **The four other assemblers.** Whether any of them passes its earlier 2026 high, and whether revenue keeps moving differently from what each says about demand.[2]

How we did this

Figures as of 10 November 2026, 7:30pm IST

Monthly revenue for January to October 2026 is from the MOPS tables of the Taiwan Stock Exchange, in NT$ thousands, rounded here to NT$ billion; TSMC’s October matches its 6-K, and Hon Hai’s matches its own table. All figures are consolidated and unaudited monthly revenue. Hon Hai states that October is its highest month. TSMC’s 6-K does not use the word record, so we compared October with TSMC’s monthly tables, reading 2010, 2014, 2017 and every year from 2018 to 2025; the highest month before 2026 was NT$367.5bn in October 2025. For the other four assemblers we say only “2026 high”. The four-firm and five-firm sums, their growth rates, October’s share of TSMC’s guidance and the implied November and December average are our arithmetic, the last at TSMC’s assumed NT$31.8 to the US dollar; a different rate moves the NT$ range. TSMC’s reasons, like the other companies’, are the remarks in their exchange filings, translated by us. Hon Hai does not define consignment; the description above is our general explanation of how such arrangements work.

Spotted an error? Write to us; corrections are published at the foot of the piece.

Sources

1. [TSMC, October 2026 Revenue Report (Form 6-K)](https://www.sec.gov/Archives/edgar/data/1046179/000104617926000796/tsm-revenue20261110.htm) — 10 November 2026
2. [Taiwan Stock Exchange MOPS, monthly revenue of listed companies, October 2026 table](https://mopsov.twse.com.tw/nas/t21/sii/t21sc03_115_10_0.html) — tables to 10 November 2026 Earlier months at the same address, changing the month number. Company codes 2330, 2317, 2382, 3231, 6669 and 2356.
3. [TSMC, monthly revenue history, investor relations](https://investor.tsmc.com/english/monthly-revenue/2025) — monthly tables, 2010 to 2025 Other years at the same address.
4. [Hon Hai Precision Industry, Unaudited Consolidated Monthly Revenue Report for October 2026](https://www.honhai.com/en-us/press-center/press-releases/latest-news/2147) — 5 November 2026
5. [TSMC, Reports Third Quarter EPS of NT$29.43 (Form 6-K, Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1046179/000104617926000726/a3q26e_withguidancexfinal.htm) — 15 October 2026
6. [Focus Taiwan (CNA), citing Taiwan's Ministry of Finance: exports in October](https://focustaiwan.tw/business/202611090020) — 9 November 2026
7. [The TechBag Journal: Supermicro's sales grew 298% at a 13% margin; Arista's grew 58% at 64%](https://www.thetechbag.com/blog/ai-hardware-suppliers-revenue-who-keeps-margin) — 4 November 2026

**Disclosure.** TechBag is a software reseller: it earns a margin when a reader buys through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view.

**Read this next:** [ESDS’s GPU lease averages US$250m a year, 4.5 times its revenue](https://www.thetechbag.com/blog/esds-gpu-lease-4-5-times-revenue) — The buying side of these servers: ESDS’s lease of 8,208 B300 GPUs for five years averages US$250m a year, 4.5 times its revenue.

Go deeper on TechBag

- [Supermicro’s sales grew 298% at a 13% margin; Arista’s grew 58% at 64%](https://www.thetechbag.com/blog/ai-hardware-suppliers-revenue-who-keeps-margin) — the margin that monthly revenue cannot show
- [Big Tech's quarterly capex hit US$202bn](https://www.thetechbag.com/blog/big-tech-ai-capex-quarterly-line) — the spending that becomes these suppliers' revenue
- [Google Cloud](https://www.thetechbag.com/google/google-cloud) — a cloud whose capex lands as revenue at chip and server makers