The world’s largest contract chipmaker generated a net profit of 325.3 billion New Taiwan dollars, or $10.1 billion, in the three months ended September. That represents a 54% improvement over the same time a year earlier. It’s also higher than the NT$300.2 billion that analysts polled by LSEG had projected.

The rebound in shares of Taiwan Semiconductor Manufacturing Co. to a fresh record faces a key test with its earnings report Thursday, after ASML Holding NV’s surprisingly weak forecast spooked chip investors.