TSMC Reports 38.6% Year-on-Year Sales Increase in Q2, Exceeding Forecasts

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, announced second-quarter revenue of NT$933.8 billion ($31.9 billion), surpassing market expectations. This represents a 38.6% increase compared to NT$673.5 billion recorded in the same period last year.

The strong performance exceeded the LSEG SmartEstimate consensus of NT$927.8 billion from 21 analysts, as well as TSMC’s own April guidance, which forecasted revenue between $28.4 billion and $29.2 billion. The company is set to release its full Q2 earnings report, including outlooks for the current quarter and full year, on July 17.

TSMC has benefited significantly from the growing demand for artificial intelligence (AI) technologies, with major customers such as Nvidia relying on its advanced chip manufacturing capabilities.