TSMC seen riding AI boom to fifth straight quarter of record profit

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TSMC seen riding AI boom to fifth straight quarter of record profit Wen-Yee Lee and Ben Blanchard Mon, July 13, 2026 at 11:11 PM EDT 2 min read TSM 005930.KS NVDA AAPL By Wen-Yee Lee and Ben Blanchard TAIPEI, July 14 (Reuters) - TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven ‌by booming AI infrastructure spending. Analysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre and 2-nanometre ‌process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong. That has catapulted Asia's most valuable ​company, a key supplier to Nvidia and Apple , to new heights. Its market capitalisation is now nearly double that of South Korean rival Samsung Electronics at around $1.97 trillion. On Thursday, TSMC is expected to report a 59% surge in net profit to T$632.6 billion ($19.65 billion) for the second quarter, according to an LSEG SmartEstimate compiled ‌from 18 analysts. SmartEstimates place greater ⁠weight on forecasts from analysts who are more consistently accurate. An earnings call at which it will provide third-quarter and updated full-year guidance is scheduled for 0600 GMT. Any ⁠result above T$572.5 billion would mark the company's highest-ever quarterly net income, and its 10th consecutive quarter of profit growth. On Monday, it posted a 36% year-on-year rise in second-quarter revenue, ahead of market forecasts and a new record ​high. "TSMC's ​strong second-quarter revenue shows AI demand remains healthy, driving ​demand for its advanced chip production and CoWoS ‌packaging," said Dan Nystedt, research analyst at TriOrient, an Asia-based private investment firm. Analysts broadly expect TSMC to raise its full-year revenue growth outlook. Haas Liu, Bank of America's Asia semiconductor analyst, said in a research note that supply chain checks suggest the AI demand pipeline remains strong, and that TSMC could raise the full-year outlook from its current guidance of "above 30%" year-on-year. Another key focus for investors will be whether TSMC ‌raises its capital spending outlook, viewed as an important gauge ​of management's confidence in the durability of AI demand. On its ​last earnings call in April, the company said ​2026 capital expenditure would be at the high end of its earlier guidance ‌of $52 billion to $56 billion. While some analysts, including Nystedt, ​expect TSMC to retain ​that guidance, Liu forecasts the company could raise capital spending to about $58 billion, citing tight equipment supply and aggressive capacity expansion by memory makers including Samsung Electronics, Micron Technology and SK Hynix. TSMC ​is investing $165 billion to build chip ‌factories in the U.S. state of Arizona. TSMC's Taipei-listed shares have gained 56% so far this ​year, slightly higher than the 54% rise for the broader market. (Reporting by ​Wen-Yee Lee and Ben Blanchard; Editing by Kevin Buckland)

AI 시장 분석

Taiwan Semiconductor Manufacturing Company (TSMC) is expected to achieve record sales for the fifth consecutive quarter due to AI segment strength. Strong demand for TSMC's 3 nanometer and 2 nanometer process technologies, as well as its CoWoS packaging technology, has enabled the company to dominate the new terrain. TSMC's market capitalization is currently around $197 billion, nearly twice that of Samsung Electronics.

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DYAX 전담 분석

Deep analysis: TSMC's continued success in the AI segment has created opportunities for investments in the semiconductor industry. With a strong track record of delivering cutting-edge technologies, TSMC is poised to maintain its market lead. Moreover, the company's CoWoS packaging technology has become increasingly popular among top-tier clients, further solidifying its dominance.

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