Overview
- TSMC, which reports Thursday, said first‑quarter revenue rose 35% year over year to about $35.7 billion, topping its guidance.
- Analysts project net profit of roughly T$542.6 billion (about $17.1 billion) for Q1, which would be about 50% higher than a year earlier, according to LSEG SmartEstimate.
- Orders for 3‑nanometer chips and advanced packaging used in AI accelerators exceed output, pushing lead times beyond 50 weeks for cutting‑edge parts.
- Wall Street raised targets into the report, including Bank of America to $500 and Aletheia Capital to $600, with several forecasts calling for 7%–9% Q2 sales growth.
- TSMC is scaling capacity with a planned $165 billion build in Arizona and a shift to 3‑nanometer production in Japan, and investors are watching for any change to 2026 spending plans.