TSMC: AI demand lifts results
TSMC reported a big quarter — revenue of $35.9 billion, up roughly 40% year‑over‑year, and net profit of $18.1 billion, up about 58%, with 3nm/5nm production making up roughly 61% of wafers across the reported nodes. ( )
Taiwan Semiconductor Manufacturing said on April 16 that first-quarter profit jumped 58% as orders for artificial intelligence chips kept its factories full. (investor.tsmc.com) The company reported net revenue of $35.9 billion for the January-to-March quarter, above its own guidance of $34.6 billion to $35.8 billion, with gross margin at 66.2% and operating margin at 58.1%. (investor.tsmc.com) Net income attributable to shareholders reached NT$572.48 billion, or about $18.2 billion, up from NT$361.56 billion a year earlier, marking a fourth straight quarterly profit record. (investor.tsmc.com, cnbc.com) Taiwan Semiconductor Manufacturing is the contract chipmaker that builds processors designed by companies such as Nvidia and Apple, so its results are a readout on demand across data centers, phones and other electronics. (investor.tsmc.com, cnbc.com) The mix of chips shifted further toward the most advanced lines: 3-nanometer accounted for 25% of wafer revenue, 5-nanometer for 36%, and 7-nanometer for 13%, meaning 7-nanometer-and-below chips made up 74% of wafer revenue. (investor.tsmc.com) High performance computing, the category that includes many artificial intelligence and data-center chips, contributed 61% of first-quarter revenue, ahead of smartphones at 28%. (investor.tsmc.com) For the second quarter, the company forecast revenue of $39 billion to $40.2 billion, which would be another record, and raised its full-year 2026 revenue growth outlook to more than 30% in U.S. dollar terms. (investor.tsmc.com, cnbc.com) Chief Executive C.C. Wei said on the earnings call that “AI-related demand continues to be extremely robust,” while the company said it was pushing capital spending to the high end of its earlier range to add capacity. (cnbc.com, channelnewsasia.com) Investors have also been watching whether war-related disruptions in the Middle East could hit supplies of gases and chemicals used in chipmaking, but company executives said they did not expect a near-term effect and had safety inventory in place. (cnbc.com, channelnewsasia.com) The quarter leaves Taiwan Semiconductor Manufacturing heading into mid-2026 with record profit, rising guidance and a production mix tilted even more heavily toward the chips at the center of the artificial intelligence buildout. (investor.tsmc.com, investor.tsmc.com)
