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TSMC posts record Q2 results and lifts 2026 growth outlook
Revenue rose to $40.2 billion in Q2 2026, and TSMC raised 2026 capital spending guidance to $60 billion to $64 billion.
Taiwan Semiconductor Manufacturing Company reported record Q2 2026 revenue and profits, extending a streak of five straight quarters of record results, according to MarketBeat Ratings. The company also lifted its full-year growth outlook and increased its 2026 capacity investment plans, pointing to continued strength in AI chip demand.
In the quarter, TSMC posted revenue of $40.2 billion, up about 34% year over year, landing at the high end of its $39 billion to $40.2 billion guidance range. Earnings per American Depository Receipt came in at $4.31, up more than 77% year over year and above estimates, while the company said it expects growth to accelerate next quarter.
For Q3 2026, TSMC forecast sales of $44.6 billion to $45.8 billion, or $45.2 billion at the midpoint, which would imply 37% year over year growth. The company also reported that advanced technologies accounted for 77% of total wafer revenue, up from 74% in Q1 2026.
For the full year, TSMC now expects revenue to grow slightly more than 40% in U.S. dollar terms in 2026. MarketBeat Ratings also notes the company raised its 2026 capital budget guidance to $60 billion to $64 billion, and TSMC Chairman and CEO C.C. Wei said AI-related demand continues to be extremely robust.