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Taiwan Semiconductor Manufacturing Co on Thursday reported a 77.4% jump in second-quarter profit year on year, soaring past estimates as the world's largest contract-chipmaker continues to set consecutive record-breaking milestones.
Here are TSMC's second-quarter results against LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:
The company forecast third-quarter revenue between $44.6 billion and $45.8 billion, with operating profit margin of 56% to 58%. "AI related demand continues to be extremely robust," said TSMC Chairman C.C. Wei.
TSMC will invest an additional $100 billion in Arizona to meet strong customer demand, bringing its total investment in the state to $265 billion, Wei added.
"This is to build several or more semiconductor logical wafer fab for two nanometer MP [mass production] technologies, as well as advanced packaging fabs to support the strong multi-year demand from our leading U.S. customers," Wei added.
The Taiwanese tech giant's net income for the three months ended in June was a record high for a fifth consecutive quarter, and surged 23.4% from the prior quarter.
Revenue surged to NT$1.27 trillion, a 36% jump from NT$933.79 billion in the same period year ago. Advanced technologies — 7-nanometer and under — accounted for 77% of total wafer revenue, the company said.
The 5-nanometer process technology accounted for 33% of TSMC's second-quarter revenue, followed by 3-nanometer at 30%, CFO Wendell Huang said in the earnings call Thursday.
For 2026 revenue by platform, the company said high-performance computing accounted for 66% of its revenue, followed by smartphones at 22% and Internet of Things at 5%.
Asia's most valuable company that has been riding robust demand for AI chips it manufactures for global tech giants, including Nvidia , Apple and Broadcom saw shares gain 1.23% Thursday. The stock has risen over 58% so far this year.
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