World's largest semiconductor foundry TSMC has raised its guidance for the third quarter and the full year, following strong performance in the second quarter.
On July 16, Chinese media including Tonghuashun reported that TSMC projected its third-quarter revenue guidance to be between $44.6 billion and $45.8 billion, exceeding market expectations of $43.11 billion. The gross profit margin guidance for the third quarter is estimated at 65% to 67%, aligning with the midpoint of the forecast (65.9%), while the operating profit margin guidance is set at 56% to 58%, above the expected upper range (57.7%).
Additionally, TSMC has increased its revenue growth guidance for 2026 from 30% to 40%.
TSMC attributed the upward revision to robust demand for AI-related products, citing strong orders from its customers amid a global AI boom.
Earlier, TSMC reported that its consolidated revenue for the second quarter (April to June) reached NT$1.27 trillion (approximately $39.45 billion), a 36% increase compared to the same period last year. This figure surpassed expectations of NT$1.26 trillion and marked a record high, with a 12% increase from the previous quarter.
Net profit surged 77.4% year-on-year to NT$706.56 billion, also exceeding the forecast of NT$632.64 billion, setting a new record. The net profit increased by 23.4% from the previous quarter, with earnings per share (EPS) at NT$27.25. As a result, TSMC has maintained double-digit growth in net profit for nine consecutive quarters.
* This article has been translated by AI.
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