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September sales rose at Taiwan Semiconductor Manufacturing Co. ( TSM ), with the chipmaker on Wednesday reporting numbers that pointed toward better-than-expected third-quarter revenue.

The company, which supplies tech heavyweights such as Apple ( AAPL ) and Nvidia ( NVDA ), reported September sales of 251.87 billion New Taiwan dollars ($7.82 billion), up just under 40% from the same time last year.

Added to its results for August and July, TSMC reported NT$759.69 billion ($23.58 billion) in revenue for the third quarter, above the NT$749.88 billion analysts tracked by Visible Alpha had expected and roughly 36% above sales for the third quarter of 2023 . The results surpassed TSMC's own outlook, as the company said in its second-quarter earnings report that it expected third-quarter revenue between $22.4 billion and $23.2 billion.

The company's US-traded shares were recently down more than 1% as broader markets wavered. The stock has risen steadily from August lows and is near record levels, up roughly 75% this year. The PHLX index of semiconductor shares edged lower Thursday.

TSMC is set to report the rest of its third-quarter financial results on the morning of Oct. 17. The company surpassed estimates in the first two quarters of 2024 , as demand for its chips to power AI technology have remained in high demand.

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