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TSMC's Q2 profit jumps 23%, beating revenue and profit estimates with record high earnings.

Company Fundamentals
16 Jul 2026
CNBC
View Source
Bullish
pluang ai news

Taiwan Semiconductor Manufacturing Company (TSMC) reported a 23.4% increase in second-quarter profit from the previous quarter, surpassing analyst estimates. The company's net income reached NT$706.56 billion ($39.45 billion), a record high for the fifth consecutive quarter, with revenue rising 36% year-on-year to NT$1.27 trillion. Advanced technologies, including 7-nanometer chips and smaller, made up 77% of wafer revenue, driven by strong demand for AI chips from major tech clients like Nvidia, Apple, and Broadcom. TSMC's shares have gained over 58% this year, reflecting robust growth and market confidence.

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