$Taiwan Semiconductor Manufacturing(TSM)$ Looking ahead to TSMC's Q2 2026 earnings, set for July 16 before the open.
The company recently updated its Q2 revenue figures: NT$1.27 trillion (around $39.6B), which is a 36% year-over-year increase and a record high. That beat the high end of their prior guidance range of $39B to $40.2B. June revenue alone was NT$442.68B, up 67.9% YoY and 6.2% month-over-month, also a record month. First-half 2026 revenue growth is tracking at 35%-36% YoY.
This growth is being fueled by AI/HPC demand, advanced nodes like 3nm/2nm, and strong CoWoS advanced packaging demand from key customers.
Analyst expectations for the full report are around $39.6B-$39.8B in revenue (up 32%-36% YoY) and EPS of roughly $3.77-$3.89 (up 52%-58% YoY). Gross margin is seen between 65.5% and 67.5%, with operating margin between 56.5% and 58.5%.
TSMC continues to be a major beneficiary of the AI infrastructure build-out, with advanced capacity still in high demand. The main thing to watch in the earnings report will be whether AI demand continues to support pricing power, margins, and plans for future capacity expansion.
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