TSMC Could Further Lift 2026 Revenue Growth Forecast

Dow Jones11:43

0343 GMT - Taiwan Semiconductor Manufacturing Co. could further lift its 2026 revenue growth forecast at its coming earnings call, Citi analysts say in a note. That would be thanks to continued demand for leading-edge chips and improving visibility in the longer term. TSMC is set to report its 2Q results in mid-July. Compared to its peers, TSMC's biggest advantage lies in its production capacity, they say. "This scale advantage should continue supporting wafer pricing, customer stickiness and gross margin sustainability despite increasing foundry competition," they say. The analysts say TSMC is likely to remain a primary beneficiary of rising AI semiconductor demand regardless of customer mix. Citi raises its target price on the TSMC stock to 3,800.00 New Taiwan dollars from NT$2,875.00. Shares are at NT$2,470.00. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

July 05, 2026 23:43 ET (03:43 GMT)

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