Overview
- TSMC reported exceptional first-quarter 2026 results with about $35.9 billion in revenue, a roughly 40% year‑over‑year rise, a 66% gross margin, and a net margin near 50%.
- Management guided second‑quarter revenue to $39.0–$40.2 billion and said full‑year 2026 growth should exceed 30% in U.S. dollars, reflecting heavy AI-driven demand for advanced nodes.
- A third‑party report says TSMC has asked customers to expect wafer price increases covering most of its wafer revenue, with possible hikes in the 5%–10% range; those reports are developing and not officially detailed by the company.
- TSMC’s $165 billion Arizona expansion is running ahead of plan, with the first U.S. fab already profitable and 3nm capacity on track for 2027, which lowers geographic concentration risk for customers and investors.
- Analysts have largely raised targets and stayed bullish, the company lifted its quarterly dividend, and markets will watch the July 16 results for confirmation of pricing moves, demand durability, and whether the stock’s valuation chase toward $3 trillion continues.