Thursday, July 16, 2026
TSMC Q2 profit jumps 77% to a record on AI chip demand
Taiwan Semiconductor Manufacturing Co. reported second-quarter 2026 net profit of NT$706.6 billion (about US$22 billion) on July 16, a 77% jump from a year earlier to a record that far surpassed analysts' roughly NT$632.6 billion consensus. Revenue rose 36% to a record NT$1.27 trillion, near the top of guidance, as demand for the leading-edge N3 and N5 nodes that build AI accelerators for customers such as Nvidia and Apple stayed near capacity - TSMC's advanced CoWoS packaging is reported sold out through year-end. It marked the chipmaker's fifth straight record quarter amid the AI-driven buildout.