Taiwan Semiconductor raises 2026 revenue growth outlook above 30% and lifts capital spending to $56 billion amid AI-driven demand.
Taiwan Semiconductor Manufacturing (TSM) shares reached $412.32, approaching a 52-week high of $421.97, driven by surging AI chip demand and tight capacity. The company guided 2026 revenue growth above 30% and raised its capital budget to the high end of a $52 billion to $56 billion range.
TSMC dominates the global foundry market with a 72% share, producing advanced silicon for hyperscalers and consumer electronics. Advanced nodes (7nm and below) accounted for 74% of Q1 wafer revenue, with high-performance computing contributing 61% of the mix. The stock has surged 117.36% over the past year and 36.06% year-to-date.
CEO C.C. Wei stated AI-related demand remains “extremely robust,” reinforcing structural pricing power and long-term growth prospects.