{"content_id":"0lurbvgyii","slug":"october-third-week-2026-investment-issues","locale":"en","schema_type":"Article","category":"report","category_name":"Report","title":"October 2026 Week 3 Investment Events","summary":"In the third week of October 2026, ASML and TSMC earnings, U.S. financial stocks, and September inflation data are in focus. Check the reported figures alongside investment plans for 2027 and beyond, financing conditions, and how the results compare with market expectations.","sponsorship_disclosure":null,"affiliate_disclosure":null,"commerce_disclosure":null,"author":{"name":"Injoys Editorial Team","url":"https://injoys.com/ko/about"},"key_points":["ASML and TSMC will report their third-quarter 2026 earnings on October 14 and 15, respectively.","Alongside revenue growth, check semiconductor orders and plans to expand production capacity for 2027 and beyond.","Financial sector earnings can be used to assess financing conditions for AI infrastructure.","The U.S. September CPI is scheduled for release at 9:30 p.m. Korea time on October 14.","The market impact of inflation and corporate earnings depends on the gap between pre-release expectations and actual results."],"content_markdown":"The key investment issues in the third week of October are semiconductor earnings and U.S. inflation. Check ASML and TSMC for investment plans for 2027 and beyond. In financial companies’ earnings, assess the conditions for financing AI investment. Stock price reactions will depend on how results compare with market expectations.\n\nThe figures are based on official announcements from July 15 through October 8, 2026.\n\n## Key Announcements in the Third Week of October\n\nEarnings and economic data releases are concentrated from October 13 through 15, 2026. All times below are Korea time. Check earnings release times separately from the start times of earnings calls.\n\n| Date | Announcement | What to check |\n| --- | --- | --- |\n| Tuesday, October 13 | JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup earnings | Interest income, credit loss expenses, comments on corporate financing |\n| Wednesday, October 14 | ASML earnings | New orders, future revenue outlook, plans to expand production capacity |\n| Wednesday, October 14 | Bank of America, Morgan Stanley, BlackRock earnings | Lending conditions, financing fees, inflows of assets under management |\n| October 14, 9:30 p.m. | U.S. September 2026 CPI | Month-over-month changes in headline and core inflation |\n| Thursday, October 15 | TSMC earnings, earnings call at 3 p.m. | Profitability, CoWoS capacity expansion, capital spending plans |\n| October 15, 9:30 p.m. | Advance U.S. September 2026 PPI and retail sales figures | Producer prices and consumer spending trends |\n\nASML’s announcement date is listed in its [quarterly results information](https://www.investor.asml.com/quarterly-results). TSMC’s earnings call is posted on its [Q3 2026 results page](https://investor.tsmc.com/english/quarterly-results/2026/q3). The economic release dates come from the [BLS release calendar](https://www.bls.gov/schedule/2026/home.htm) and the [Census Bureau retail sales schedule](https://www.census.gov/retail/release_schedule.html).\n\n## What to Look for in ASML and TSMC Earnings\n\nFor both companies, check this quarter’s results alongside long-term investment plans. TSMC is a contract manufacturer that produces semiconductors designed by its customers. ASML supplies lithography equipment used to draw semiconductor circuits.\n\n### TSMC Revenue and Capital Spending\n\nTSMC’s monthly revenue is an early indicator of the scale of demand. Revenue in September 2026 **rose 54.6%** from the same month a year earlier. Monthly revenue alone, however, cannot establish quarterly net income. The source is the [September revenue report](https://pr.tsmc.com/english/news/3343) released on October 8.\n\nCheck the following on the earnings call.\n\n- Customer demand: Check whether orders from AI customers such as NVIDIA are continuing.\n- CoWoS: Check when advanced packaging capacity will expand.\n- Capital spending: Check whether the planned amount for factories and equipment has changed.\n- Profitability: Assess whether revenue growth is leading to higher profit margins.\n\nCoWoS is a technology that connects multiple semiconductors in a single package. It is used to connect AI accelerators and high-bandwidth memory. Not all AI semiconductors use the same packaging technology. A description of the technology is available in [TSMC’s advanced packaging information](https://www.tsmc.com/english/dedicatedFoundry/services/advanced-packaging).\n\n### ASML Orders and Production Capacity\n\nFor ASML, check for changes in new orders and equipment supply plans. EUV is a technology that uses extreme ultraviolet light to draw fine semiconductor circuits. High-NA EUV is next-generation equipment that provides higher resolution.\n\nIn its July announcement, ASML planned to expand EUV production capacity in 2027. It described a further expansion in 2028 as under consideration. The distinction between a plan and something under consideration comes from its [Q2 2026 results announcement](https://www.investor.asml.com/news-releases/news-release-details/q2-2026-financial-results).\n\nConstruction of a new campus is another factor in assessing production capacity. ASML announced on September 8, 2026, that construction of the new campus had begun. Breaking ground does not immediately increase equipment shipments. Check progress in the [new campus announcement](https://www.asml.com/en/news/press-releases/2026/asml-begins-construction-of-new-eindhoven-campus).\n\n| Category | TSMC | ASML |\n| --- | --- | --- |\n| Current demand | Monthly revenue, revenue by process | Equipment revenue, new orders |\n| Future growth | Customer demand outlook, capital spending | Customer investment plans, order delivery timing |\n| Supply constraints | Advanced process and CoWoS capacity | Equipment production capacity, supply chain readiness |\n| Profitability | Gross margin, costs of new factories | Equipment mix, gross margin |\n\n## Calculation Example: Checking TSMC’s Quarterly Revenue\n\nTSMC’s third-quarter revenue can be checked by adding revenue from July through September. A simple average of the monthly growth rates may differ from the quarterly growth rate. Start by adding the revenue amounts.\n\n| 2026 period | Consolidated revenue, millions of New Taiwan dollars |\n| --- | ---: |\n| July | 467,580 |\n| August | 514,806 |\n| September | 511,857 |\n| Sum of third-quarter monthly revenue | 1,494,243 |\n\nThe total is the sum of figures in [TSMC’s monthly revenue table](https://investor.tsmc.com/english/monthly-revenue/2026). To calculate year-over-year growth, compare it with the total for the same period in 2025. To compare it with the company’s outlook in dollars, use a consistent exchange rate basis.\n\nThe formula for quarterly growth is:\n\n`Year-over-year revenue growth = (current-year Q3 revenue total ÷ previous-year Q3 revenue total - 1) × 100%`\n\n## U.S. Financial Companies and AI Financing\n\nFinancial companies’ earnings show how money is flowing into AI infrastructure investment. Data centers need funding for construction and equipment purchases. Financing methods include corporate bonds and loans. The related financing structures are described in [BlackRock’s explanation of data center financing](https://www.blackrock.com/us/financial-professionals/insights/munis-ai-data-center-financing).\n\nA bank’s net interest income is the interest it receives minus the interest it pays. When interest rates rise, interest income from loans may increase. Deposit interest costs and the burden of bad loans may also rise.\n\n| Type of financial company | Metrics to check | Connection to AI investment |\n| --- | --- | --- |\n| Banks with a large share of lending | Net interest income, loan growth, credit loss expenses | Terms on which companies borrow and their repayment burden |\n| Investment banking businesses | Corporate bond underwriting, investment banking fees | Corporate financing demand and whether deals close |\n| Asset managers | Net inflows, management fees, infrastructure investment | Inflows of long-term investment capital and its actual deployment |\n\nBlackRock is an asset manager, so it is difficult to assess it by the same standards as a bank. Do not interpret growth in banks’ total lending as growth in AI lending. Check the earnings materials to see whether AI-related amounts were disclosed separately.\n\nThe investor relations pages of the respective companies are the sources for their announcement schedules. (Verified figures for Q3 2026 earnings announcement dates: JPMorgan Chase, Goldman Sachs, Wells Fargo, and Citigroup on October 13, 2026; Bank of America, Morgan Stanley, and Blac · source jpmorganchase.com · checked 2026-10-14) For companies reporting on October 13 (United States), check the earnings materials already released. For those reporting on October 14 (United States), review both the results and the earnings call Q\u0026A.\n\n## How to Interpret U.S. CPI, PPI, and Retail Sales\n\nFor U.S. inflation, first check how the figures compare with expectations. CPI measures changes in the prices of goods and services consumers buy. Core CPI excludes food and energy.\n\nAccording to the BLS, core CPI in August 2026 rose 2.4% from a year earlier. Its seasonally adjusted month-over-month increase was 0.3%. Keep these figures separate from expectations for September. The source is the [BLS August 2026 CPI release](https://www.bls.gov/news.release/cpi.nr0.htm).\n\n| Indicator | What it shows | What else to check |\n| --- | --- | --- |\n| Headline CPI | Overall inflation faced by consumers | Effect of energy prices |\n| Core CPI | Inflation excluding food and energy | Month-over-month trend and details such as housing costs |\n| PPI | Changes in prices received by producers | Sources and persistence of cost pressures |\n| Retail sales | Nominal sales in the retail and food service sectors | Effect of price increases and revisions to earlier figures |\n\nCore CPI of 2.5% year over year would not guarantee a rise in stock prices. What matters is whether it exceeds market expectations immediately before the release. Also check whether the month-over-month rate has accelerated.\n\nRetail sales are not a measure of real consumption adjusted for inflation. Higher sales do not necessarily mean a higher volume of goods sold. Likewise, a rise in PPI does not automatically mean CPI will rise by the same amount.\n\n### Connection to the October FOMC Meeting\n\nThe October FOMC meeting is scheduled for October 27 through 28, 2026, U.S. local time. The dates are listed on the [Federal Reserve’s official calendar](https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm). These inflation figures are one input for decisions ahead of the meeting.\n\nThe Federal Reserve’s long-term inflation target is based on the PCE price index. No specific core CPI figure is an official threshold for interest rate decisions. The Fed also considers employment and other economic conditions alongside inflation. The source is the [Federal Reserve’s explanation of its inflation target](https://www.federalreserve.gov/economy-at-a-glance-inflation-pce.htm).\n\n## Comparing Conditions: When Earnings and Interest Rates Move in Opposite Directions\n\nImproving earnings and rising interest rates can pull stock prices in different directions. The table below provides a conditional analysis to help interpret the announcements afterward. It does not predict the direction of stock prices.\n\n| Combination of results | Possible interpretation | What else to check |\n| --- | --- | --- |\n| Improved semiconductor investment outlook, inflation below expectations | Could favor both earnings expectations and financing conditions | Treasury yields and changes in company earnings forecasts |\n| Improved semiconductor investment outlook, inflation above expectations | Growth expectations and the burden of higher rates could conflict | Size of earnings forecast upgrades and borrowing costs |\n| Weaker semiconductor investment outlook, inflation below expectations | Easing rate pressure could coincide with slowing demand | Reasons for the decline in orders |\n| Weaker semiconductor investment outlook, inflation above expectations | Could strain both earnings and financing | Cash flow and capacity to carry out investment plans |\n\nAssess demand for Samsung Electronics and SK hynix by product. For Korean materials, parts, and equipment companies, what matters is whether customers actually place orders. An increase in global capital spending does not mean higher revenue for every supplier.\n\nIt is also difficult to explain foreign investors’ trading solely through U.S. Treasury yields. Exchange rates and corporate earnings forecasts also play a role. Keep actual trading trends separate from interpretations of their causes.\n\n## The Lag Between Investment Announcements and Revenue\n\nAI investment plans must lead to spending and then revenue. This distinction matters when reading semiconductor and financial companies’ announcements together. Treating an announced total as that quarter’s revenue can overstate demand.\n\n| Stage | Meaning | Evidence to check |\n| --- | --- | --- |\n| Investment plan | Intention to spend in the future | Management outlook, capital spending guidance |\n| Funding secured | Money raised for investment | Borrowing, corporate bond issuance, investment payments |\n| Equipment orders | Orders placed with suppliers | Order disclosures, order backlog |\n| Delivery and operation | Equipment delivered and put into production | Shipments, installation, capacity data |\n| Revenue and cash collection | Revenue recognized in the accounts and payment received | Income statement, cash flow statement |\n\nThis distinction also reduces double-counting of the same investment plan. A customer’s capital spending may include payments to an equipment supplier. Do not add the two announced amounts and count them as separate sources of final demand.\n\n## Common Mistakes When Reading Investment Announcements\n\nThe most common mistake is treating reported results and estimates as the same kind of number. Company guidance must also be distinguished from final results. Checking the following makes the meaning of each figure clearer.\n\n- Source of estimates: Check whether a research provider and compilation date are given.\n- Comparison period: Distinguish year-over-year from month-over-month changes.\n- Currency: Do not directly compare revenue in New Taiwan dollars with an outlook in U.S. dollars.\n- Bond maturity: Include both the maturity and observation date when citing U.S. Treasury yields.\n- Earnings outlook: Do not assume that a company’s increased investment will raise profits for every supplier.\n- Stock price reaction: Assess separately whether good results are already reflected in the price.\n\nSimply describing U.S. Treasury yields as being in the 5% range leaves the basis for comparison unclear. Short-term and long-term bonds can trade at different yield levels. Check the latest yield for the relevant maturity before interpreting it.","content_html":"\u003cp\u003eThe key investment issues in the third week of October are semiconductor earnings and U.S. inflation. Check ASML and TSMC for investment plans for 2027 and beyond. In financial companies’ earnings, assess the conditions for financing AI investment. Stock price reactions will depend on how results compare with market expectations.\u003c/p\u003e\n\u003cp\u003eThe figures are based on official announcements from July 15 through October 8, 2026.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#key-announcements-in-the-third-week-of-october\" class=\"anchor\" id=\"key-announcements-in-the-third-week-of-october\"\u003e\u003c/a\u003eKey Announcements in the Third Week of October\u003c/h2\u003e\n\u003cp\u003eEarnings and economic data releases are concentrated from October 13 through 15, 2026. All times below are Korea time. Check earnings release times separately from the start times of earnings calls.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eDate\u003c/th\u003e\n\u003cth\u003eAnnouncement\u003c/th\u003e\n\u003cth\u003eWhat to check\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Date\"\u003eTuesday, October 13\u003c/td\u003e\n\u003ctd data-label=\"Announcement\"\u003eJPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup earnings\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eInterest income, credit loss expenses, comments on corporate financing\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Date\"\u003eWednesday, October 14\u003c/td\u003e\n\u003ctd data-label=\"Announcement\"\u003eASML earnings\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eNew orders, future revenue outlook, plans to expand production capacity\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Date\"\u003eWednesday, October 14\u003c/td\u003e\n\u003ctd data-label=\"Announcement\"\u003eBank of America, Morgan Stanley, BlackRock earnings\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eLending conditions, financing fees, inflows of assets under management\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Date\"\u003eOctober 14, 9:30 p.m.\u003c/td\u003e\n\u003ctd data-label=\"Announcement\"\u003eU.S. September 2026 CPI\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eMonth-over-month changes in headline and core inflation\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Date\"\u003eThursday, October 15\u003c/td\u003e\n\u003ctd data-label=\"Announcement\"\u003eTSMC earnings, earnings call at 3 p.m.\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eProfitability, CoWoS capacity expansion, capital spending plans\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Date\"\u003eOctober 15, 9:30 p.m.\u003c/td\u003e\n\u003ctd data-label=\"Announcement\"\u003eAdvance U.S. September 2026 PPI and retail sales figures\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eProducer prices and consumer spending trends\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eASML’s announcement date is listed in its \u003ca href=\"https://www.investor.asml.com/quarterly-results\"\u003equarterly results information\u003c/a\u003e. TSMC’s earnings call is posted on its \u003ca href=\"https://investor.tsmc.com/english/quarterly-results/2026/q3\"\u003eQ3 2026 results page\u003c/a\u003e. The economic release dates come from the \u003ca href=\"https://www.bls.gov/schedule/2026/home.htm\"\u003eBLS release calendar\u003c/a\u003e and the \u003ca href=\"https://www.census.gov/retail/release_schedule.html\"\u003eCensus Bureau retail sales schedule\u003c/a\u003e.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#what-to-look-for-in-asml-and-tsmc-earnings\" class=\"anchor\" id=\"what-to-look-for-in-asml-and-tsmc-earnings\"\u003e\u003c/a\u003eWhat to Look for in ASML and TSMC Earnings\u003c/h2\u003e\n\u003cp\u003eFor both companies, check this quarter’s results alongside long-term investment plans. TSMC is a contract manufacturer that produces semiconductors designed by its customers. ASML supplies lithography equipment used to draw semiconductor circuits.\u003c/p\u003e\n\u003ch3\u003e\n\u003ca href=\"#tsmc-revenue-and-capital-spending\" class=\"anchor\" id=\"tsmc-revenue-and-capital-spending\"\u003e\u003c/a\u003eTSMC Revenue and Capital Spending\u003c/h3\u003e\n\u003cp\u003eTSMC’s monthly revenue is an early indicator of the scale of demand. Revenue in September 2026 \u003cstrong\u003erose 54.6%\u003c/strong\u003e from the same month a year earlier. Monthly revenue alone, however, cannot establish quarterly net income. The source is the \u003ca href=\"https://pr.tsmc.com/english/news/3343\"\u003eSeptember revenue report\u003c/a\u003e released on October 8.\u003c/p\u003e\n\u003cp\u003eCheck the following on the earnings call.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eCustomer demand: Check whether orders from AI customers such as NVIDIA are continuing.\u003c/li\u003e\n\u003cli\u003eCoWoS: Check when advanced packaging capacity will expand.\u003c/li\u003e\n\u003cli\u003eCapital spending: Check whether the planned amount for factories and equipment has changed.\u003c/li\u003e\n\u003cli\u003eProfitability: Assess whether revenue growth is leading to higher profit margins.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eCoWoS is a technology that connects multiple semiconductors in a single package. It is used to connect AI accelerators and high-bandwidth memory. Not all AI semiconductors use the same packaging technology. A description of the technology is available in \u003ca href=\"https://www.tsmc.com/english/dedicatedFoundry/services/advanced-packaging\"\u003eTSMC’s advanced packaging information\u003c/a\u003e.\u003c/p\u003e\n\u003ch3\u003e\n\u003ca href=\"#asml-orders-and-production-capacity\" class=\"anchor\" id=\"asml-orders-and-production-capacity\"\u003e\u003c/a\u003eASML Orders and Production Capacity\u003c/h3\u003e\n\u003cp\u003eFor ASML, check for changes in new orders and equipment supply plans. EUV is a technology that uses extreme ultraviolet light to draw fine semiconductor circuits. High-NA EUV is next-generation equipment that provides higher resolution.\u003c/p\u003e\n\u003cp\u003eIn its July announcement, ASML planned to expand EUV production capacity in 2027. It described a further expansion in 2028 as under consideration. The distinction between a plan and something under consideration comes from its \u003ca href=\"https://www.investor.asml.com/news-releases/news-release-details/q2-2026-financial-results\"\u003eQ2 2026 results announcement\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eConstruction of a new campus is another factor in assessing production capacity. ASML announced on September 8, 2026, that construction of the new campus had begun. Breaking ground does not immediately increase equipment shipments. Check progress in the \u003ca href=\"https://www.asml.com/en/news/press-releases/2026/asml-begins-construction-of-new-eindhoven-campus\"\u003enew campus announcement\u003c/a\u003e.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCategory\u003c/th\u003e\n\u003cth\u003eTSMC\u003c/th\u003e\n\u003cth\u003eASML\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eCurrent demand\u003c/td\u003e\n\u003ctd data-label=\"TSMC\"\u003eMonthly revenue, revenue by process\u003c/td\u003e\n\u003ctd data-label=\"ASML\"\u003eEquipment revenue, new orders\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eFuture growth\u003c/td\u003e\n\u003ctd data-label=\"TSMC\"\u003eCustomer demand outlook, capital spending\u003c/td\u003e\n\u003ctd data-label=\"ASML\"\u003eCustomer investment plans, order delivery timing\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eSupply constraints\u003c/td\u003e\n\u003ctd data-label=\"TSMC\"\u003eAdvanced process and CoWoS capacity\u003c/td\u003e\n\u003ctd data-label=\"ASML\"\u003eEquipment production capacity, supply chain readiness\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eProfitability\u003c/td\u003e\n\u003ctd data-label=\"TSMC\"\u003eGross margin, costs of new factories\u003c/td\u003e\n\u003ctd data-label=\"ASML\"\u003eEquipment mix, gross margin\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003ch2\u003e\n\u003ca href=\"#calculation-example-checking-tsmcs-quarterly-revenue\" class=\"anchor\" id=\"calculation-example-checking-tsmcs-quarterly-revenue\"\u003e\u003c/a\u003eCalculation Example: Checking TSMC’s Quarterly Revenue\u003c/h2\u003e\n\u003cp\u003eTSMC’s third-quarter revenue can be checked by adding revenue from July through September. A simple average of the monthly growth rates may differ from the quarterly growth rate. Start by adding the revenue amounts.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003e2026 period\u003c/th\u003e\n\u003cth\u003eConsolidated revenue, millions of New Taiwan dollars\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"2026 period\"\u003eJuly\u003c/td\u003e\n\u003ctd data-label=\"Consolidated revenue, millions of New Taiwan dollars\"\u003e467,580\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"2026 period\"\u003eAugust\u003c/td\u003e\n\u003ctd data-label=\"Consolidated revenue, millions of New Taiwan dollars\"\u003e514,806\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"2026 period\"\u003eSeptember\u003c/td\u003e\n\u003ctd data-label=\"Consolidated revenue, millions of New Taiwan dollars\"\u003e511,857\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"2026 period\"\u003eSum of third-quarter monthly revenue\u003c/td\u003e\n\u003ctd data-label=\"Consolidated revenue, millions of New Taiwan dollars\"\u003e1,494,243\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe total is the sum of figures in \u003ca href=\"https://investor.tsmc.com/english/monthly-revenue/2026\"\u003eTSMC’s monthly revenue table\u003c/a\u003e. To calculate year-over-year growth, compare it with the total for the same period in 2025. To compare it with the company’s outlook in dollars, use a consistent exchange rate basis.\u003c/p\u003e\n\u003cp\u003eThe formula for quarterly growth is:\u003c/p\u003e\n\u003cp\u003e\u003ccode\u003eYear-over-year revenue growth = (current-year Q3 revenue total ÷ previous-year Q3 revenue total - 1) × 100%\u003c/code\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#us-financial-companies-and-ai-financing\" class=\"anchor\" id=\"us-financial-companies-and-ai-financing\"\u003e\u003c/a\u003eU.S. Financial Companies and AI Financing\u003c/h2\u003e\n\u003cp\u003eFinancial companies’ earnings show how money is flowing into AI infrastructure investment. Data centers need funding for construction and equipment purchases. Financing methods include corporate bonds and loans. The related financing structures are described in \u003ca href=\"https://www.blackrock.com/us/financial-professionals/insights/munis-ai-data-center-financing\"\u003eBlackRock’s explanation of data center financing\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eA bank’s net interest income is the interest it receives minus the interest it pays. When interest rates rise, interest income from loans may increase. Deposit interest costs and the burden of bad loans may also rise.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eType of financial company\u003c/th\u003e\n\u003cth\u003eMetrics to check\u003c/th\u003e\n\u003cth\u003eConnection to AI investment\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Type of financial company\"\u003eBanks with a large share of lending\u003c/td\u003e\n\u003ctd data-label=\"Metrics to check\"\u003eNet interest income, loan growth, credit loss expenses\u003c/td\u003e\n\u003ctd data-label=\"Connection to AI investment\"\u003eTerms on which companies borrow and their repayment burden\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Type of financial company\"\u003eInvestment banking businesses\u003c/td\u003e\n\u003ctd data-label=\"Metrics to check\"\u003eCorporate bond underwriting, investment banking fees\u003c/td\u003e\n\u003ctd data-label=\"Connection to AI investment\"\u003eCorporate financing demand and whether deals close\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Type of financial company\"\u003eAsset managers\u003c/td\u003e\n\u003ctd data-label=\"Metrics to check\"\u003eNet inflows, management fees, infrastructure investment\u003c/td\u003e\n\u003ctd data-label=\"Connection to AI investment\"\u003eInflows of long-term investment capital and its actual deployment\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eBlackRock is an asset manager, so it is difficult to assess it by the same standards as a bank. Do not interpret growth in banks’ total lending as growth in AI lending. Check the earnings materials to see whether AI-related amounts were disclosed separately.\u003c/p\u003e\n\u003cp\u003eThe investor relations pages of the respective companies are the sources for their announcement schedules. (Verified figures for Q3 2026 earnings announcement dates: JPMorgan Chase, Goldman Sachs, Wells Fargo, and Citigroup on October 13, 2026; Bank of America, Morgan Stanley, and Blac · source jpmorganchase.com · checked 2026-10-14) For companies reporting on October 13 (United States), check the earnings materials already released. For those reporting on October 14 (United States), review both the results and the earnings call Q\u0026amp;A.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-to-interpret-us-cpi-ppi-and-retail-sales\" class=\"anchor\" id=\"how-to-interpret-us-cpi-ppi-and-retail-sales\"\u003e\u003c/a\u003eHow to Interpret U.S. CPI, PPI, and Retail Sales\u003c/h2\u003e\n\u003cp\u003eFor U.S. inflation, first check how the figures compare with expectations. CPI measures changes in the prices of goods and services consumers buy. Core CPI excludes food and energy.\u003c/p\u003e\n\u003cp\u003eAccording to the BLS, core CPI in August 2026 rose 2.4% from a year earlier. Its seasonally adjusted month-over-month increase was 0.3%. Keep these figures separate from expectations for September. The source is the \u003ca href=\"https://www.bls.gov/news.release/cpi.nr0.htm\"\u003eBLS August 2026 CPI release\u003c/a\u003e.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eIndicator\u003c/th\u003e\n\u003cth\u003eWhat it shows\u003c/th\u003e\n\u003cth\u003eWhat else to check\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eHeadline CPI\u003c/td\u003e\n\u003ctd data-label=\"What it shows\"\u003eOverall inflation faced by consumers\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eEffect of energy prices\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eCore CPI\u003c/td\u003e\n\u003ctd data-label=\"What it shows\"\u003eInflation excluding food and energy\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eMonth-over-month trend and details such as housing costs\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003ePPI\u003c/td\u003e\n\u003ctd data-label=\"What it shows\"\u003eChanges in prices received by producers\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eSources and persistence of cost pressures\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eRetail sales\u003c/td\u003e\n\u003ctd data-label=\"What it shows\"\u003eNominal sales in the retail and food service sectors\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eEffect of price increases and revisions to earlier figures\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eCore CPI of 2.5% year over year would not guarantee a rise in stock prices. What matters is whether it exceeds market expectations immediately before the release. Also check whether the month-over-month rate has accelerated.\u003c/p\u003e\n\u003cp\u003eRetail sales are not a measure of real consumption adjusted for inflation. Higher sales do not necessarily mean a higher volume of goods sold. Likewise, a rise in PPI does not automatically mean CPI will rise by the same amount.\u003c/p\u003e\n\u003ch3\u003e\n\u003ca href=\"#connection-to-the-october-fomc-meeting\" class=\"anchor\" id=\"connection-to-the-october-fomc-meeting\"\u003e\u003c/a\u003eConnection to the October FOMC Meeting\u003c/h3\u003e\n\u003cp\u003eThe October FOMC meeting is scheduled for October 27 through 28, 2026, U.S. local time. The dates are listed on the \u003ca href=\"https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm\"\u003eFederal Reserve’s official calendar\u003c/a\u003e. These inflation figures are one input for decisions ahead of the meeting.\u003c/p\u003e\n\u003cp\u003eThe Federal Reserve’s long-term inflation target is based on the PCE price index. No specific core CPI figure is an official threshold for interest rate decisions. The Fed also considers employment and other economic conditions alongside inflation. The source is the \u003ca href=\"https://www.federalreserve.gov/economy-at-a-glance-inflation-pce.htm\"\u003eFederal Reserve’s explanation of its inflation target\u003c/a\u003e.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#comparing-conditions-when-earnings-and-interest-rates-move-in-opposite-directions\" class=\"anchor\" id=\"comparing-conditions-when-earnings-and-interest-rates-move-in-opposite-directions\"\u003e\u003c/a\u003eComparing Conditions: When Earnings and Interest Rates Move in Opposite Directions\u003c/h2\u003e\n\u003cp\u003eImproving earnings and rising interest rates can pull stock prices in different directions. The table below provides a conditional analysis to help interpret the announcements afterward. It does not predict the direction of stock prices.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCombination of results\u003c/th\u003e\n\u003cth\u003ePossible interpretation\u003c/th\u003e\n\u003cth\u003eWhat else to check\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Combination of results\"\u003eImproved semiconductor investment outlook, inflation below expectations\u003c/td\u003e\n\u003ctd data-label=\"Possible interpretation\"\u003eCould favor both earnings expectations and financing conditions\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eTreasury yields and changes in company earnings forecasts\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Combination of results\"\u003eImproved semiconductor investment outlook, inflation above expectations\u003c/td\u003e\n\u003ctd data-label=\"Possible interpretation\"\u003eGrowth expectations and the burden of higher rates could conflict\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eSize of earnings forecast upgrades and borrowing costs\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Combination of results\"\u003eWeaker semiconductor investment outlook, inflation below expectations\u003c/td\u003e\n\u003ctd data-label=\"Possible interpretation\"\u003eEasing rate pressure could coincide with slowing demand\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eReasons for the decline in orders\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Combination of results\"\u003eWeaker semiconductor investment outlook, inflation above expectations\u003c/td\u003e\n\u003ctd data-label=\"Possible interpretation\"\u003eCould strain both earnings and financing\u003c/td\u003e\n\u003ctd data-label=\"What else to check\"\u003eCash flow and capacity to carry out investment plans\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eAssess demand for Samsung Electronics and SK hynix by product. For Korean materials, parts, and equipment companies, what matters is whether customers actually place orders. An increase in global capital spending does not mean higher revenue for every supplier.\u003c/p\u003e\n\u003cp\u003eIt is also difficult to explain foreign investors’ trading solely through U.S. Treasury yields. Exchange rates and corporate earnings forecasts also play a role. Keep actual trading trends separate from interpretations of their causes.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#the-lag-between-investment-announcements-and-revenue\" class=\"anchor\" id=\"the-lag-between-investment-announcements-and-revenue\"\u003e\u003c/a\u003eThe Lag Between Investment Announcements and Revenue\u003c/h2\u003e\n\u003cp\u003eAI investment plans must lead to spending and then revenue. This distinction matters when reading semiconductor and financial companies’ announcements together. Treating an announced total as that quarter’s revenue can overstate demand.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eStage\u003c/th\u003e\n\u003cth\u003eMeaning\u003c/th\u003e\n\u003cth\u003eEvidence to check\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Stage\"\u003eInvestment plan\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eIntention to spend in the future\u003c/td\u003e\n\u003ctd data-label=\"Evidence to check\"\u003eManagement outlook, capital spending guidance\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Stage\"\u003eFunding secured\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eMoney raised for investment\u003c/td\u003e\n\u003ctd data-label=\"Evidence to check\"\u003eBorrowing, corporate bond issuance, investment payments\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Stage\"\u003eEquipment orders\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eOrders placed with suppliers\u003c/td\u003e\n\u003ctd data-label=\"Evidence to check\"\u003eOrder disclosures, order backlog\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Stage\"\u003eDelivery and operation\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eEquipment delivered and put into production\u003c/td\u003e\n\u003ctd data-label=\"Evidence to check\"\u003eShipments, installation, capacity data\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Stage\"\u003eRevenue and cash collection\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eRevenue recognized in the accounts and payment received\u003c/td\u003e\n\u003ctd data-label=\"Evidence to check\"\u003eIncome statement, cash flow statement\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThis distinction also reduces double-counting of the same investment plan. A customer’s capital spending may include payments to an equipment supplier. Do not add the two announced amounts and count them as separate sources of final demand.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#common-mistakes-when-reading-investment-announcements\" class=\"anchor\" id=\"common-mistakes-when-reading-investment-announcements\"\u003e\u003c/a\u003eCommon Mistakes When Reading Investment Announcements\u003c/h2\u003e\n\u003cp\u003eThe most common mistake is treating reported results and estimates as the same kind of number. Company guidance must also be distinguished from final results. Checking the following makes the meaning of each figure clearer.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eSource of estimates: Check whether a research provider and compilation date are given.\u003c/li\u003e\n\u003cli\u003eComparison period: Distinguish year-over-year from month-over-month changes.\u003c/li\u003e\n\u003cli\u003eCurrency: Do not directly compare revenue in New Taiwan dollars with an outlook in U.S. dollars.\u003c/li\u003e\n\u003cli\u003eBond maturity: Include both the maturity and observation date when citing U.S. Treasury yields.\u003c/li\u003e\n\u003cli\u003eEarnings outlook: Do not assume that a company’s increased investment will raise profits for every supplier.\u003c/li\u003e\n\u003cli\u003eStock price reaction: Assess separately whether good results are already reflected in the price.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eSimply describing U.S. Treasury yields as being in the 5% range leaves the basis for comparison unclear. Short-term and long-term bonds can trade at different yield levels. Check the latest yield for the relevant maturity before interpreting it.\u003c/p\u003e\n","tags":["Monetary policy","AI Data Center","Investment","Inflation","AI chips","Investor psychology"],"faqs":[{"question":"When will ASML and TSMC report earnings in October 2026?","answer":"ASML is scheduled to report third-quarter earnings on October 14, and TSMC on October 15. TSMC's earnings call is at 3 p.m. Korea time on October 15."},{"question":"Can TSMC's quarterly net profit be determined from its monthly revenue?","answer":"Monthly revenue alone cannot establish net profit. You need to check the quarterly results, which reflect costs, operating expenses, taxes, and other factors."},{"question":"What is the sum of TSMC's monthly revenue for the third quarter of 2026?","answer":"The sum of its official monthly revenue figures from July through September is 1,494,243 million New Taiwan dollars. This figure is calculated by adding the monthly revenue figures directly."},{"question":"What is CoWoS?","answer":"CoWoS is TSMC's advanced packaging technology. It is used to connect multiple semiconductors, including AI accelerators and high-bandwidth memory."},{"question":"Why do semiconductor investors look at US financial-sector earnings?","answer":"Financial-sector earnings can shed light on companies' financing conditions. If there is no separate discussion of AI infrastructure, do not interpret overall financial-sector earnings as AI demand."},{"question":"When will the US September 2026 CPI be released?","answer":"According to the BLS schedule, it will be released at 9:30 p.m. Korea time on October 14. The preliminary PPI and retail sales figures are scheduled for release at the same time the following day."},{"question":"If core CPI is up 2.5% year over year, is that good news for the stock market?","answer":"That figure alone is not enough to tell. First, check how it compares with expectations immediately before the release. Month-over-month changes and trends in individual prices also affect how the figure is interpreted."},{"question":"Is the Fed's inflation target based on CPI?","answer":"The Fed's long-term inflation target is based on the annual rate of increase in the PCE price index. CPI is one of several pieces of information considered in interest rate decisions."},{"question":"If AI capital spending increases, will all Korean semiconductor companies benefit?","answer":"The outcome may differ by company. Check product demand and customers' actual orders. You also need to distinguish when investment plans translate into revenue."},{"question":"Can an increase in retail sales be interpreted as an increase in consumption volume?","answer":"Retail sales measure nominal revenue, so they include price changes. An increase in revenue does not necessarily mean an increase in the quantity sold."}],"sources":[{"url":"https://www.investor.asml.com/quarterly-results","title":"ASML quarterly earnings announcement","type":"source"},{"url":"https://www.investor.asml.com/news-releases/news-release-details/q2-2026-financial-results","title":"ASML Q2 2026 results and production capacity expansion plans","type":"source"},{"url":"https://www.asml.com/en/news/press-releases/2026/asml-begins-construction-of-new-eindhoven-campus","title":"ASML announces start of construction on new Eindhoven campus","type":"source"},{"url":"https://investor.tsmc.com/english/quarterly-results/2026/q3","title":"TSMC Q3 2026 earnings announcement","type":"source"},{"url":"https://investor.tsmc.com/english/monthly-revenue/2026","title":"TSMC monthly revenue in 2026","type":"data_point"},{"url":"https://pr.tsmc.com/english/news/3343","title":"TSMC September 2026 revenue report","type":"data_point"},{"url":"https://www.tsmc.com/english/dedicatedFoundry/services/advanced-packaging","title":"TSMC advanced packaging technology information","type":"source"},{"url":"https://www.jpmorganchase.com/ir/events","title":"JPMorgan Chase investor events and earnings announcement schedule","type":"source"},{"url":"https://www.goldmansachs.com/pressroom/press-releases/2026/2026-10-13-q3-results","title":"Goldman Sachs Q3 2026 earnings announcement","type":"source"},{"url":"https://newsroom.wf.com/news-releases/news-details/2026/Wells-Fargo-to-Announce-Third-Quarter-2026-Earnings-on-Oct--13-2026/default.aspx","title":"Wells Fargo Q3 2026 earnings announcement schedule","type":"source"},{"url":"https://www.citigroup.com/global/investors/quarterly-earnings","title":"Citigroup quarterly earnings announcement materials","type":"source"},{"url":"https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/09/bank-of-america-to-report-third-quarter-2026-financial-results-a.html.html","title":"Bank of America Q3 2026 earnings announcement schedule","type":"source"},{"url":"https://www.morganstanley.com/about-us-ir/morgan-stanley-third-quarter-2026-investor-conference-call","title":"Morgan Stanley Q3 2026 earnings briefing information","type":"source"},{"url":"https://ir.blackrock.com/home/","title":"BlackRock investor relations and Q3 2026 earnings schedule","type":"source"},{"url":"https://www.blackrock.com/us/financial-professionals/insights/munis-ai-data-center-financing","title":"BlackRock's explanation of the AI data center financing structure","type":"source"},{"url":"https://www.bls.gov/schedule/2026/home.htm","title":"BLS 2026 economic indicator release schedule","type":"source"},{"url":"https://www.bls.gov/news.release/cpi.nr0.htm","title":"BLS Consumer Price Index release, document reviewed: August 2026","type":"data_point"},{"url":"https://www.bls.gov/news.release/ppi.htm","title":"BLS Producer Price Index release and explanation of the index","type":"source"},{"url":"https://www.census.gov/retail/release_schedule.html","title":"Census Bureau retail sales release schedule","type":"source"},{"url":"https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm","title":"Federal Reserve FOMC meeting schedule","type":"source"},{"url":"https://www.federalreserve.gov/economy-at-a-glance-inflation-pce.htm","title":"Federal Reserve explanation of PCE inflation and its long-term inflation target","type":"source"}],"images":[{"id":1821,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MjgwODYsInB1ciI6ImJsb2JfaWQifX0=--706691afd34e1942f7e874fa73e5440dcbdb6dd1/ai-422ab5ad.webp","is_representative":true,"generation_method":"ai_photo","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"클린룸에서 엔지니어가 자동화 설비 위의 실리콘 웨이퍼를 살펴본다.","caption":"반도체 실적에서는 매출 증가와 함께 2027년 이후 주문과 생산능력 확대 계획을 확인해야 합니다.","description":null},"en":{"alt":"An engineer in a cleanroom watches a silicon wafer on automated equipment.","caption":"Semiconductor earnings should be assessed alongside orders and capacity expansion plans beyond 2027.","description":null},"ja":{"alt":"クリーンルームで技術者が自動化設備上のシリコンウエハーを見守る。","caption":"半導体決算では売上の伸びに加え、2027年以降の受注と生産能力の拡大計画を確認したいところです。","description":null},"es":{"alt":"Un ingeniero en una sala limpia observa una oblea de silicio en un equipo automatizado.","caption":"En los resultados del sector de semiconductores, conviene revisar los pedidos y los planes de expansión de capacidad posteriores a 2027.","description":null},"id":{"alt":"Seorang insinyur di ruang bersih mengamati wafer silikon pada peralatan otomatis.","caption":"Dalam laporan keuangan semikonduktor, perhatikan pesanan dan rencana perluasan kapasitas setelah 2027, selain pertumbuhan pendapatan.","description":null},"pt":{"alt":"Um engenheiro em uma sala limpa observa uma pastilha de silício em equipamento automatizado.","caption":"Nos resultados do setor de semicondutores, vale conferir os pedidos e os planos de expansão da capacidade após 2027.","description":null},"zh-hant":{"alt":"工程師在無塵室觀察自動化設備上的矽晶圓。","caption":"檢視半導體業績時，除了營收成長，也應關注2027年以後的訂單與擴產計畫。","description":null},"de":{"alt":"Ein Ingenieur im Reinraum beobachtet einen Siliziumwafer auf einer automatisierten Anlage.","caption":"Bei Halbleiterergebnissen zählen neben dem Umsatzwachstum auch Aufträge und Pläne zum Kapazitätsausbau nach 2027.","description":null}}},{"id":1822,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MjgwOTIsInB1ciI6ImJsb2JfaWQifX0=--a615b7c01903b4b64badfb42fe763f1855359869/ai-86880c24.webp","is_representative":false,"generation_method":"ai_semi","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"가을 야외 시장에서 여성이 토마토 두 개를 비교하고, 옆에서 상인이 채소를 정리한다.","caption":"미국 9월 소비자물가지수가 시장 예상과 얼마나 다른지 확인해야 합니다.","description":null},"en":{"alt":"A woman compares two tomatoes at an outdoor autumn market while a vendor tends the produce nearby.","caption":"Check how the US September CPI compares with market expectations.","description":null},"ja":{"alt":"秋の屋外市場で女性が二つのトマトを見比べ、近くで店員が野菜を並べている。","caption":"米国の9月の消費者物価指数が市場予想とどう異なるかを確認しましょう。","description":null},"es":{"alt":"Una mujer compara dos tomates en un mercado al aire libre en otoño, mientras un vendedor ordena las verduras.","caption":"Conviene comprobar cuánto difiere el IPC de septiembre de EE. UU. de lo esperado por el mercado.","description":null},"id":{"alt":"Seorang perempuan membandingkan dua tomat di pasar terbuka saat musim gugur, sementara pedagang menata sayuran.","caption":"Perhatikan selisih antara IHK AS bulan September dan perkiraan pasar.","description":null},"pt":{"alt":"Uma mulher compara dois tomates em uma feira ao ar livre no outono, enquanto um vendedor organiza os vegetais.","caption":"É importante verificar a diferença entre o IPC de setembro dos EUA e as expectativas do mercado.","description":null},"zh-hant":{"alt":"秋季戶外市場裡，一名女子比較兩顆番茄，旁邊的攤販正在整理蔬菜。","caption":"留意美國9月消費者物價指數與市場預期的差距。","description":null},"de":{"alt":"Eine Frau vergleicht zwei Tomaten auf einem herbstlichen Markt im Freien, während ein Händler Gemüse sortiert.","caption":"Entscheidend ist, wie stark der US-Verbraucherpreisindex für September von den Markterwartungen abweicht.","description":null}}}],"published_at":"2026-10-14T05:07:53+09:00","updated_at":"2026-10-14T05:07:53+09:00","license":"cc_by","translation_status":"reviewed","available_locales":["ko","en","ja","es"],"data_locales":["ko","en","ja","es","id","pt","zh-hant","de"],"url":"https://injoys.com/en/articles/october-third-week-2026-investment-issues"}