TSMC Q2 profit jumps 77% to record, far surpasses expectations


FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Company (TSMC) is displayed at TSMC Museum of Innovation in Hsinchu, Taiwan April 9, 2026. REUTERS/Ann Wang/File Photo

TAIPEI, July ⁠16 (Reuters) - TSMC, the ⁠world's largest contract chipmaker, ‌posted a 77% jump in second-quarter net profit on ​Thursday, beating market ⁠forecasts and ⁠hitting a record, riding the ⁠wave ‌of surging global demand ⁠for its artificial intelligence processors.

Taiwan ​Semiconductor ‌Manufacturing Co, whose customers ⁠include ​Nvidia and Apple, saw April-June net profit ⁠rise to T$706.6 billion ($21.99 ​billion).

The profit handily beat a T$632.6 billion LSEG ⁠SmartEstimate, which is weighted toward forecasts from analysts who are more ​consistently ⁠accurate.

($1 = 32.1340 Taiwan dollars)

(Reporting ​by Wen-Yee Lee, ‌Faith Hung and ​Ben Blanchard; Editing by Shri Navaratnam)

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