$TSM TSMC Q2 2026 results 📊

AI is nowhere near over. 🚀

Today's TSMC results once again confirm that the AI boom is still in full swing. The company significantly beat analysts' expectations, improved its margins, and management confirmed that demand for the most advanced AI chips continues to outstrip production capacities.

🟧 This is the most important takeaway for me. It's not just about one strong quarter, but further confirmation that investments in artificial intelligence are continuing at full pace. This is a very positive signal not only for TSMC, but also for companies such as Nvidia, Broadcom, AMD, or the entire semiconductor sector.

TAIWAN SEMICONDUCTOR $TSM Q2 2026 KEY RESULTS

🔹 Revenue: NT$ 1.27T (est. NT$ 1.26T) 🟢; +36% YoY

🔹 Net profit: NT$ 706.6B (est. NT$ 632.6B) 🟢; +77% YoY

🔹 Gross margin: 67.7% (est. ~66%) 🟢

🔹 Operating margin: 58.6% 🟢

🔹 Earnings per share (EPS): Beat expectations 🟢

Raised FY2026 outlook

🔹 Revenue growth in 2026: Expected growth of approx. 30–35% in USD 🟢

🔹 Capital expenditure (CapEx): Outlook confirmed at USD 52–56B 🟢

Additional Q2 metrics

🔹 Revenue in USD: USD 40.0B, above the upper end of own guidance 🟢

🔹 AI chip demand: Remains exceptionally strong for 3nm, 2nm and CoWoS packaging 🟢

🔹 9th consecutive quarter of double-digit profit growth 🟢

🔹 Record quarterly profit, driven by strong AI chip demand from customers such as Nvidia and Apple 🟢

Management comments

🟧 "AI chip demand remains very strong and utilization of our most advanced manufacturing technologies continues at a very high level."

🟧 "We expect AI infrastructure investments to remain the main growth driver, with customer demand still exceeding our production capacities."