#台积电Q2净利暴增77.4% TSMC: The AI industry will affect all sectors

TSMC’s latest financial report once again proves that the global AI industry is still in the infrastructure-building stage. In 2026 Q2, TSMC achieved revenue of NT$1.2704 trillion, up 36% year over year; net profit reached NT$7,066 billion, up 77.4%, setting a historical high and beating market expectations of NT$6,326 billion.
TSMC’s 2026 Q2 revenue was $402.0 million, up 33.7% year over year, with growth for five consecutive quarters. High-performance computing rose 20% quarter over quarter to lead the way, while smart phones fell 4%. The combined share of 3nm and 5nm exceeded 60%. Gross margin rose to 67.7% in the same period, up 9.1 percentage points year over year, and operating margin reached 60.3%. TSMC’s profit margin trend over the years. Gross margin, operating margin, and net profit margin have continued to rise since the 2019 low point; gross margin is expected to rise to over 67% around 2026, placing profitability in its strongest historical range.
Even more worth noting is that TSMC raised its 2026 capital expenditure outlook from the prior range of $5.2 billion to $5.6 billion to $6.0 billion to $6.4 billion. Based on the midpoint of the range, total full-year investment is about $6.2 billion, an increase of roughly $1.0 billion from the previous midpoint.
The 2026 estimate rises to $5.6 billion; the forecasts for 2027 and 2028 further increase to $7.8 billion and $8.2 billion, respectively, reflecting that the company is steadily increasing spending to support long-term expansion.
This indicates that what TSMC is seeing is not an order peak for one or two quarters, but a cycle of expansion in advanced processes, AI chips, and advanced packaging that could last until around 2030. $TSM ‌