TSMC Reports Record-High Q2 Net Profit... Raises Full-Year Guidance
Second-Quarter Net Profit Reaches KRW 32 Trillion
Exceeds Market Expectations
TSMC, the world's largest foundry (semiconductor contract manufacturing) company based in Taiwan, posted its highest-ever quarterly net profit, driven by soaring demand for artificial intelligence (AI) semiconductors. The company also raised its revenue guidance and capital expenditure (CAPEX) plans for the year.
On the 16th, TSMC announced that its second-quarter revenue for this year reached 1.27 trillion New Taiwan dollars (approximately KRW 58.3 trillion), a 36% increase compared to the same period last year. Net profit for the same period was 706.6 billion New Taiwan dollars (approximately KRW 32.4 trillion), up 77%, marking an all-time high. This figure significantly exceeded the market consensus compiled by LSEG, which stood at 632.6 billion New Taiwan dollars.
On the same day, TSMC raised both its capital expenditure and revenue growth forecasts for 2026. The company lifted its capital expenditure outlook from the previous range of USD 52 billion–56 billion to a new range of USD 60 billion–64 billion. The annual revenue growth forecast in US dollar terms was also revised upward from slightly above 30% to just above 40%.
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According to Bloomberg News, TSMC is often cited as a leading indicator of global big tech companies' investments in AI infrastructure, including those by Meta. Charles Shum, an analyst at Bloomberg Intelligence (BI), stated, "TSMC's performance supports the view that demand for AI and server processors will more than offset the weakness in the smartphone and PC markets."
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