TSM Taiwan Semiconductor Manufacturing Company Limited
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Taiwan Semiconductor Manufacturing Company Limited Beat Expectations, Guides Revenue Above Estimates

Thursday, July 16, 2026 · 3:00 AM ET

Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $4.31 per share on revenue of $40.20 billion for the second quarter ended June 2026. The consensus earnings estimate was $3.87 per share on revenue of $39.63 billion. The Earnings Whisper number was $3.98 per share. The company beat expectations by 8.29% while revenue grew 33.69% on a year-over-year basis.

The company said it expects third quarter revenue of $44.6 billion to $45.8 billion. The current consensus revenue estimate is $42.6 billion for the quarter ending September 30, 2026.

Taiwan Semiconductor Manufacturing Co Ltd engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, it also manufactures masks.

Earnings Whisper Grade —
Power Rating—
Reported Earnings
$4.31
Earnings Whisper®
$3.98
Consensus Estimate
$3.87
Earnings Surprise
Earnings Growth74.5 %
Reported Revenue
$40.20B
Revenue Estimate
$39.63B
Revenue Surprise
Revenue Growth33.7 %

Earnings Conference Call Summary

TSMC Reports Second Quarter EPS of NT$27.25

Thursday, July 16, 2026 · 3:00 AM ET TSM

HSINCHU, Taiwan, R.O.C., Jul. 16, 2026 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$1,270.38 billion, net income of NT$706.56 billion, and diluted earnings per share of NT$27.25 (US$4.31 per ADR unit) for the second quarter ended June 30, 2026.

Year-over-year, second quarter revenue increased 36.0%, while net income and diluted EPS both increased 77.4%. Compared to first quarter 2026, second quarter results represented a 12.0% increase in revenue and a 23.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, second quarter revenue was $40.20 billion, which increased 33.7% year-over-year and increased 12.0% from the previous quarter.

Gross margin for the quarter was 67.7%, operating margin was 60.3%, and net profit margin was 55.6%.

In the second quarter, shipments of 2-nanometer accounted for 3% of total wafer revenue; 3-nanometer accounted for 30%; 5-nanometer accounted for 33%; and 7-nanometer accounted for 11%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 77% of total wafer revenue.

“Our business in the second quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into third quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology.”

Based on the Company’s current business outlook, management expects the overall performance for third quarter 2026 to be as follows:

  • Revenue is expected to be between US$44.6 billion and US$45.8 billion;
And, based on the exchange rate assumption of 1 US dollar to 32 NT dollars,
  • Gross profit margin is expected to be between 65% and 67%;
  • Operating profit margin is expected to be between 56% and 58%.
For the full earnings release, please go here.