Taiwan Semiconductor targets above 30% annual revenue growth amid surging AI demand, with shares up 44% year-to-date.
Taiwan Semiconductor Manufacturing (TSM) shares trade at $436.39, requiring a 15% gain to hit $500 by the end of 2026. CEO C.C. Wei projects full-year revenue growth above 30% in USD terms, driven by robust AI demand growing at a mid-50% CAGR.
TSM reported May 2026 revenue of NT$416.98 billion, up 30.1% year-over-year. The stock is up 44.32% year-to-date but faces valuation fatigue, with a 6.69% single-day pullback after nearing its 52-week high of $476.31.
Wall Street’s average price target of $473 lags an internal model’s base case of $512, reflecting confidence in further upside. However, macro risks and patent disputes may weigh on near-term performance.