Taiwan Semiconductor reports NT$416.98 billion in May revenue, up 30.1% YoY, as AI-driven demand fuels growth outlook.
Taiwan Semiconductor Manufacturing Company (TSM) reported May 2026 consolidated net revenue of NT$416.98 billion, a 30.1% increase year-over-year and 1.5% higher than April. The company’s revenue for the first five months reached NT$1.96 trillion, up 30% from the same period in 2025.
TSMC’s strong performance follows a first-quarter profit surge of 58% YoY to $18.2 billion, with CEO C.C. Wei raising the full-year revenue growth forecast to over 30% in USD terms. Capital expenditure is expected at the high end of the $52 billion to $56 billion range, driven by robust AI-related demand.
UBS named TSM a top pick, citing the company’s leadership in the agentic AI trend and multi-year growth potential. The stock is seen as having 9.8% upside, supported by a 47.34% profit margin and net income of $55.13 billion in FY25.