TSMC Reports Record Second-Quarter Revenue Driven by AI Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reported record second-quarter revenue of T$1.27 trillion ($39.62 billion) on July 13, marking a 36% increase from the previous year. The company's growth is driven by surging global demand for artificial intelligence infrastructure, specifically for 3-nanometer and 2-nanometer process technologies and CoWoS advanced chip packaging. June revenue specifically rose 67.9% year-on-year, the fastest monthly growth for the company in 2026.

For the first half of 2026, total revenue reached approximately 2.4 trillion New Taiwan dollars ($75 billion). To support this trajectory, the company has allocated nearly $56 billion for capital expenditure this year, which includes a $165 billion investment to build chip factories in Arizona. TSMC has also reportedly increased prices for advanced nodes by 5% to 10%, with the N2 node carrying a 10% to 20% premium over the 3nm node.

Analysts expect the company to report record net profits on July 16, with projections suggesting a 59% surge to T$632.6 billion ($19.65 billion). This would represent the company's highest-ever quarterly net income and its 10th consecutive quarter of profit growth. Market attention remains focused on whether the company will raise its full-year revenue growth outlook or further increase capital spending to meet long-term AI demand.