Taiwan Semiconductor Manufacturing Company posted a record-breaking second quarter on July 16, with revenue hitting $40.2 billion and net profit surging 77% year over year to T$706.6 billion ($22 billion). Both figures handily beat analyst expectations.
The world’s largest advanced chipmaker guided third-quarter revenue between $44.6 billion and $45.8 billion, signaling no slowdown in AI-driven demand. TSMC also announced plans to invest an additional $100 billion in its Arizona fabrication facilities, bringing total US investment toward $165 billion.
TSMC’s 3nm and 5nm process nodes remained the primary revenue drivers, with AI accelerator and GPU订单 filling capacity across both nodes. The company’s gross margin expanded to 67.7%, up from 65.5% in Q1, reflecting both pricing power and manufacturing efficiency gains at scale.
CEO C.C. Wei attributed the results to “insatiable demand for AI-related silicon” and noted that TSMC now expects full-year 2026 revenue growth to exceed 40%. The company raised its capital expenditure forecast for the year, with a significant portion allocated to 2nm (N2) production readiness. TSMC’s N2 node, featuring gate-all-around transistors, remains on track for volume production in the second half of 2026.
