EarningsQ2 2026 Earnings Report
MX:TSMN Q2 2026 EPS Results
Actual EPS$76.32
Consensus EPS$68.88
Beat/MissBeat by +$7.43
One Year Ago EPS$47.22
MX:TSMN Q2 2026 Revenue Results
Actual Revenue$726.53B
Expected Revenue$720.21B
Beat/MissBeat by +$6.33B
YoY Revenue Growth+32.92%
Earnings Announcement Details
QuarterQ2 2026
Date07/16/2026
TimeBefore Open
Conference CallThursday, July 16, 2026
MX:TSMN Upcoming Earnings
TSMC's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TSMN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong demand-driven momentum led by AI/HPC and leading-edge technologies: robust Q2 results, raised full-year growth and CapEx, major U.S. and global capacity commitments, and clear progress on next-generation process nodes (A14). However, management also highlighted near-term margin dilution from 2 nm and overseas ramps, tight packaging capacity, working capital increases, macro-sensitive end-market softness (smartphones), and some execution/timing uncertainties for large investments. On balance, the positive demand, technology leadership, liquidity and expanded investment plans outweigh the operational and margin headwinds.Company Guidance
Strong Q2 Revenue and Upbeat Q3 Guidance
Reported Q2 revenue of $40.2 billion (at the high end of guidance). Third-quarter 2026 revenue guidance of $44.6B–$45.8B, implying ~12% sequential growth and ~37% year-over-year growth at the midpoint.
Robust Full-Year Growth Outlook
Management now expects full-year 2026 revenue growth to be slightly above 40% year-over-year in U.S. dollar terms, driven by sustained AI and leading-edge demand.
High Exposure to Leading-Edge Technologies
Advanced technologies (7 nm and below) accounted for 77% of wafer revenue in Q2. Breakdown: 2 nm = 3%, 3 nm = 30%, 5 nm = 33%, 7 nm = 11%.
Platform Mix Shifted Toward HPC/AI
HPC grew 20% quarter-over-quarter to represent 66% of Q2 revenue, reflecting very strong AI/cloud demand; smartphone revenue declined 4% to 22% of revenue while IoT, automotive and DCE rose (IoT +4% to 5%, automotive +15% to 4%, DCE +5% to 1%).
Strong Profitability and Margin Position
Q2 gross margin was 67.7%, up 150 basis points sequentially and slightly above guidance. Q3 gross margin guidance 65%–67% (midpoint 66%), with operating margin guided to 56%–58%.
Robust Liquidity and Q2 Cash Generation
Cash and marketable securities reported at TWD 3.5 trillion (~$110B). Q2 cash from operations ~TWD 783 billion; Q2 CapEx spend TWD 496 billion (~$15.7B in USD during the quarter). Net cash balance increased by TWD 99 billion to TWD 3.1 trillion by quarter end.
Increased Capital Allocation to Support Multi-Year Demand
Raised full-year 2026 capital budget to $60B–$64B (up from prior guidance) with ~70%–80% directed to advanced process technologies; management cites no expected bottlenecks to expansion.
Major U.S. and Global Capacity Commitments
Announced an additional $100 billion investment in Arizona for multiple (approximately four) new fabs (2 nm and below plus packaging) and plans to build 13 leading-edge and advanced packaging fabs in Taiwan; also adding three 3 nm fabs (Taiwan, Arizona, Japan).
Technology Roadmap and A14 Progress
A14 (second gen nanosheet family) on track: projected ~10%–15% speed improvement at same power (or 25%–30% power improvement at same speed) and ~20% density gain vs N2; internal demos show ~90% device performance and ~90% 256 Mb SRAM yield; pre-production in 2027 and volume production in 2028. A13/A12 extensions targeted for 2029.
Shareholder Returns Increasing
2025 cash dividends were TWD 467 billion (up 28.6% YoY; TWD 18 per share). 2026 dividend set at TWD 24 per share (up 33% YoY) with commitment to continued increases in 2027.
MX:TSMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed