Key facts
- TSMC is expected to report a record fifth consecutive quarter of earnings on Thursday.
- Net profit for April-June is projected to surge 59% to T$632.6 billion ($19.65 billion).
- Demand for TSMC's 3nm and 2nm process technologies for AI chips and its CoWoS packaging technology remains strong.
- The company's market capitalization is approximately $1.95 trillion.
- TSMC announced a record high for second-quarter revenue, up 36%.
Taiwan Semiconductor Manufacturing Co (TSMC) is poised to announce a record fifth consecutive quarter of earnings on Thursday, driven by robust global demand for artificial intelligence infrastructure. Analysts anticipate a 59% surge in net profit for the second quarter, reaching T$632.6 billion ($19.65 billion), according to an LSEG SmartEstimate. This performance is fueled by strong demand for TSMC's cutting-edge 3-nanometre and 2-nanometre process technologies for AI chips, as well as its advanced CoWoS chip packaging technology.
TSMC, Asia's most valuable company and a critical supplier for firms like Nvidia and Apple, has seen its market capitalization climb to approximately $1.95 trillion, nearly double that of its South Korean competitor, Samsung Electronics. The company also reported a record high for its second-quarter revenue, marking a 36% increase.
Analysts are closely watching TSMC's earnings call for potential upward revisions to its full-year revenue growth outlook and any indications of increased capital expenditure, which would signal management's confidence in the sustained demand for AI chips. The company has previously indicated that its 2026 capital expenditure would be at the higher end of its $52 billion to $56 billion guidance and is investing $165 billion in chip factories in Arizona.