TSMC Reports Record Second-Quarter Revenue as AI Chip Demand Drives Growth

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, recorded its highest-ever second-quarter revenue, supported by continued demand for artificial intelligence applications.

The company reported revenue of T$1.27 trillion (US$39.62 billion) for the April–June quarter, marking a 36% increase compared with the same period last year. The figure was slightly higher than the T$1.264 trillion estimate compiled from 20 analysts by LSEG.

TSMC, a key manufacturing partner for companies such as Nvidia and Apple, had previously projected second-quarter revenue in the range of US$39 billion to US$40.2 billion during its April earnings call.

For June alone, revenue reached T$442.68 billion, representing a 67.9% year-over-year increase and a 6.2% rise from the previous month.

The company had planned to release the revenue figures last Friday, but the announcement was postponed after Typhoon Bavi disrupted financial markets in Taipei.

TSMC did not provide additional financial details or update its outlook in the revenue announcement. It is scheduled to announce its full second-quarter earnings on Thursday, when it is also expected to share guidance for the current quarter and the remainder of the year.

According to an LSEG SmartEstimate, analysts expect the company to post a 58.8% increase in second-quarter net profit compared with the same period last year.

TSMC shares listed in Taipei closed 1% higher before the revenue announcement, while the broader Taiwan market ended the day largely unchanged. The company's stock has gained 57% so far this year.