TSMC posts record revenue in second quarter on AI demand


The TSMC logo in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration

TAIPEI, July 13 (Reuters) - TSMC, ⁠the world's largest contract chipmaker, reported on Monday second-quarter revenue ⁠that rose 36% from a year earlier to a ‌record high on surging interest in artificial intelligence applications.

Revenue in the April-June period of this year came in at T$1.27 trillion ($39.62 billion), according to Reuters calculations, slightly abovea ​T$1.264 trillion LSEG SmartEstimate drawn from 20analysts.

Taiwan ⁠Semiconductor Manufacturing Co (TSMC) is ⁠a major supplier to companies including Nvidia and Apple.

On its lastearnings call ⁠in ‌April, the company predicted second-quarter revenue of between$39 billion and $40.2billion. The company gives its forecast only in U.S. dollars ⁠and not Taiwan dollars.

For June alone, TSMC reported ​that revenue rose ‌67.9% year-on-year to T$442.68 billion, which was up 6.2% compared ⁠with the previous ​month.

The data was originally due last Friday, but it was delayed due to the impending arrival ofTyphoon Bavi,which shut financial markets in Taipei that ⁠day.

TSMC, Asia's most valuable publicly listed company ​with a market capitalisation of$1.955 trillion, did not provide any details or forward guidance in its brief revenue statement.

It is scheduled to report ⁠second-quarter earnings onThursday, when it will also update its outlook and plans for the current quarter and the rest of the year.

TSMC is expected to report a58.8% on-year rise in second-quarter net profit, according ​to an LSEG SmartEstimate.

TSMC's Taipei-listed shares closedup ⁠1% on Mondayahead of the release of the sales data. The broader ​market closed flat.

The company's shares have ‌risen57%so far this year, in line with ​the broader market.

($1 = 32.0530 Taiwan dollars)

(Reporting by Wen-Yee Lee and Ben Blanchard; Editing by Thomas Derpinghaus and Jamie Freed)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Why your fitness tracker might be making you less healthy and happy
S.Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenues
Software engineer’s firing ruled illegal in a rare win for a tech worker
Amid criticism, Meta reins in new AI tool that automatically accessed public Instagram images
OpenAI, Meta, SpaceXAI compete for more cost-efficient AI models
In Sicily, drones at work to predict volcanic eruptions
Could the EU force Instagram and Facebook to end 'addictive designs'?
TSMC to add 2 advanced chip packaging plants in Chiayi, Taiwan minister says
India's Tata Consultancy Services plans up to 8,900 AI deployment engineers, seeks AI acquisitions
Music industry launches AI-generated content labels

Others Also Read