Quick Read – TSM earns a BUY at $494 with 18% upside, as its 68% revenue surge goes unrecognized in a 5% pre-earnings pullback. – NVIDIA (NVDA) commands a 43x forward P/E versus TSMC’s 27x, while Intel (INTC) posts just 35% gross margin against TSMC’s 58% operating margin. -…
MC’s bull case reaches $523 if margins hold above 63%, but Taiwan geopolitics and 85% revenue concentration in top-10 customers define the downside. – Taiwan Semiconductor Manufacturing (NYSE:TSM) trades at $419.48 heading into the July 16, 2026 earnings release, down 4.97% over the past month despite June 2026 revenue jumping 67.9% year over year. Our 24/7 Wall St. price target for TSMC is $494.41, implying 17.86% upside over the next 12 months
The recommendation is buy with high confidence. 24/7 Wall St. Price Target Summary The Setup Heading Into Q2 Earnings TSMC has rallied 78.95% over the past year and 38.73% year to date, powered by AI infrastructure demand from customers like NVIDIA. The stock sits 4% below its 52-week high of $479.
The pullback comes as investors take profits ahead of the Q2 earnings report, with consensus at EPS of $3.89 and revenue near NT$1.26 trillion. Monthly filings show the momentum. First-half 2026 revenue reached NT$2,404.48 billion, up 35.6% YoY.