Taiwan Semiconductor Manufacturing Co. disclosed July revenue of NT$467.58 billion ($14.5 billion), up 44.7% year on year, reflecting an accelerating appetite for chips used in artificial intelligence applications.
The result puts TSMC ahead of its own full-year guidance
The company said it expects 2026 revenue to grow by slightly above 40% in U.S. dollar terms, a target it raised after its second-quarter earnings last month. TSMC also raised its capital expenditure projection to between $60 billion and $64 billion for the year. During the second-quarter earnings report, TSMC Chairman C.C.
Wei said “AI-related demand continues to be extremely robust.” High-performance computing, the segment where TSMC books AI chip revenue, accounted for 66% of second-quarter revenues. Ben Barringer, head of technology research at Quilter Cheviot, said July’s numbers put TSMC ahead of its 40% growth target for the year. “This is no mean feat and highlights that for now demand is still there and takes the pressure off August and September somewhat in that these two months don’t have to be as aggressive,” Barringer told CNBC. He added a note of caution, warning that the industry’s fortunes are volatile and that month-to-month figures are inherently noisy.