Overview
- TSMC beat first-quarter targets with $35.9 billion in revenue and $3.49 per share in earnings, up about 41% and 58% from a year ago.
- The company now expects second-quarter sales of $39.0 to $40.2 billion and says full-year revenue should grow by more than 30%.
- Management plans to push capital spending to the high end of $52 to $56 billion to add more 3nm capacity for AI and high-performance chips.
- Profitability stayed strong with a 66.2% gross margin and a 58.1% operating margin, helped by fast 3nm ramp and firm pricing despite U.S. fab costs.
- TSMC reaffirmed its node roadmap with 2nm targeted in 2026, 1.4nm in mass production in 2028, and early 1nm trials by 2029, as rivals face timing and yield hurdles.