AI Boom Drives Record Quarterly Sales
TSMC (NYSE:TSM) reported record second-quarter revenue on Monday as robust demand for artificial intelligence chips continued to fuel growth for the world’s largest contract semiconductor manufacturer.
Revenue for the April-to-June period climbed 36% year-on-year to T$1.27 trillion (US$39.62 billion), according to Reuters calculations, narrowly exceeding the T$1.264 trillion LSEG SmartEstimate compiled from 20 analysts.
TSMC is a key manufacturing partner for major technology companies including Nvidia and Apple.
Revenue Exceeds Company Guidance
During its April earnings update, TSMC projected second-quarter revenue of between US$39.0 billion and US$40.2 billion, a forecast issued in U.S. dollars rather than New Taiwan dollars.
June alone generated revenue of T$442.68 billion, representing a 67.9% increase from the same month last year and a 6.2% rise from May.
The monthly sales figures had originally been scheduled for release last Friday but were postponed after Typhoon Bavi forced the closure of financial markets in Taipei.
Investors Await Full Earnings Report
Despite reporting record sales, TSMC did not provide updated guidance or additional commentary alongside its preliminary revenue announcement.
The company is due to publish its full second-quarter earnings on Thursday, when management is expected to outline its outlook for the current quarter and the remainder of the year.
According to an LSEG SmartEstimate, analysts expect second-quarter net profit to increase by 58.8% compared with the same period last year.
Shares Continue Strong 2026 Performance
TSMC, Asia’s largest listed company with a market capitalisation of approximately US$1.955 trillion, saw its Taipei-listed shares rise 1% on Monday ahead of the revenue release, while the broader market finished little changed.
The stock has gained 57% since the beginning of the year, broadly matching the strong performance of the wider technology sector.