TSMC posts record Q2 revenue of $39.6B as AI chip demand surges

Taiwan Semiconductor Manufacturing Co. reported Q2 revenue of $39.6 billion, a 36 percent jump that topped its guidance range.

"The demand supply situation in AI is still quite tight and TSMC is sold out on N3, which is targeted by all leading AI GPU and CPUs this year," Sravan Kundojjala, an analyst at SemiAnalysis, said. He called the numbers "quite robust," noting that June revenue rising month over month runs counter to the seasonal pattern of the past four years.

June revenue alone reached NT$442.68 billion ($13.2 billion), the best month in the company's history, representing a 67.9 percent surge from a year earlier and a 6.2 percent increase from May. The first six months of 2026 produced NT$2.4 trillion ($74.99 billion) in revenue, running 35.6 percent ahead of the same period last year. TSMC commands a 73 percent share of the global pure-foundry market as of the first quarter, according to Counterpoint Research data cited by CNBC.

The results reinforce TSMC's position as the primary beneficiary of the AI infrastructure spending boom. Chief Executive Officer C.C. Wei characterized AI chip demand as "extremely robust" when the company reported first-quarter results, prompting TSMC to raise its full-year revenue growth outlook to above 30 percent in dollar terms and commit to spending toward the top of its $52 billion to $56 billion capital expenditure guidance range. The company's Taipei-listed stock closed up 1 percent on Monday ahead of the data release. A consensus estimate compiled by LSEG points to a 58.8 percent profit gain for the quarter when TSMC reports full earnings on Thursday.

The raised guidance shows management expects AI demand to sustain its acceleration. Investors will watch Thursday's earnings call for updated segment margins and any further increase to the 2026 capital expenditure plan.

This article is for informational purposes only and does not constitute investment advice.