TSMC Q2 2026 record revenue AI boom

TSMC, the world's largest contract chipmaker, reported record second-quarter revenue of T$1.27 trillion ($39.62 billion) for April-June 2026, a 36% year-on-year increase driven by surging demand for AI chips. The result slightly exceeded analyst estimates and fell within the company's guidance of $39-40.2 billion. June revenue alone rose 67.9% year-on-year to T$442.68 billion. TSMC is a key supplier to Nvidia, Apple, and AMD. The company is scheduled to report full Q2 earnings on July 16, where it is expected to post a 58.8% rise in net profit and potentially raise its full-year revenue growth outlook and capital spending plans. TSMC's Taipei-listed shares have gained 57% year-to-date. The strong performance underscores robust AI infrastructure spending, benefiting the semiconductor supply chain. However, concentration of advanced chip production at TSMC poses supply constraints as AI customers compete for capacity.