Taiwan Semiconductor Manufacturing Corp. (TSM) delivered its strongest monthly revenue performance in company history, fueling optimism ahead of its second-quarter earnings report this Thursday.
TSMC reported net revenue of 442.68 billion new Taiwanese dollars, equivalent to approximately $13.2 billion, for the month of June alone.
That figure represents a stunning 67.9% increase from the same month a year earlier, and a 6.2% jump from May’s already elevated numbers.
The record result pushed total revenue for the April-through-June quarter to 1.27 trillion new Taiwanese dollars, or roughly $40 billion, topping analyst estimates.
Estimates compiled by the London Stock Exchange Group had projected quarterly revenue of 1.264 trillion new Taiwanese dollars, meaning TSMC edged past Wall Street’s expectations.
Revenue for the first six months of 2026 reached NT$2.40 trillion, an increase of 35.6% compared to the corresponding period in 2025.
Shares of TSMC edged approximately 1% higher in Taiwan following the announcement, with overall gains approaching 60% since the start of the year.
The company’s US-listed shares traded down about 1% at $428 on Monday morning, though the stock has still surged more than 40% so far this year.
TSMC, now valued at approximately $2.25 trillion, has become central to the global buildout of artificial intelligence infrastructure, with major clients including Apple and Nvidia depending on its chips.
Goldman Sachs strategists led by Evelyn Yu described demand for AI and high-performance computing as a “multi-year structural growth engine” for the chipmaker.
Analysts at JPMorgan, led by Gokul Hariharan, wrote in a note Monday that they now expect gross margin to reach 69.5% in the second quarter, above even the higher end of guidance of between 65.5% and 67.5%.
That would mark a significant improvement from the 58.6% gross margin TSMC reported in the second quarter of 2025, underscoring how rapidly the company’s profitability has scaled.
When TSMC reports full second-quarter results Thursday, analysts tracked by LSEG forecast earnings per share of 24.45 new Taiwanese dollars, sharply higher than the 15.36 reported in the year-earlier period.
The 39-year-old company’s dominance in advanced chip fabrication continues to position it as an indispensable player in the ongoing race for AI supremacy among the world’s biggest technology firms.
