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TSMC Posts Stronger Year-Over-Year Sales as Board Clears NT$115.6 Billion Dividend

Seasonal February softness contrasts with robust capital returns.

Overview

  • February 2026 revenue came in at NT$317.66 billion, down 20.8% from January but up 22.2% from a year earlier.
  • Revenue for January–February totaled NT$718.91 billion, a 29.9% increase compared with the same period in 2025.
  • TSMC’s board approved approximately NT$115.59 billion in cash dividends, including NT$6 per common share for Q3 2025, payable on April 9, 2026.
  • Recent SEC filings detailed NT$30.2 billion in acquisitions, NT$300 million in equity transactions, and NT$6.2 billion in land purchases, with no reported changes to major insider or >10% shareholdings.
  • Bank of America’s Haas Liu reiterated a Buy with a $470 target, and 49 of 50 analysts rate the stock a Buy with average targets indicating over 21% upside as of March 10.