Taiwan Semiconductor Manufacturing Co. reported second-quarter revenue of NT$1.27 trillion, roughly $39.62 billion, clearing the top end of the $39 billion to $40.2 billion range it issued in April and up 36 percent from a year earlier. In practical terms, TSMC is now producing so much above its own conservative estimates that guidance has become a floor rather than a forecast.

June revenue of NT$442.68 billion rose 67.9 percent year-on-year and 6.2 percent from May, breaking a four-year pattern in which June had declined month-over-month. First-half revenue reached NT$2.4 trillion, about $74.99 billion, up 35.6 percent against the comparable stretch of 2025.

The disclosure, originally scheduled for Friday, was pushed to Monday after Typhoon Bavi forced Taipei’s financial markets to close. TSMC’s Taipei-listed shares closed up 1 percent.

Sravan Kundojjala of SemiAnalysis told CNBC and Reuters the company is “sold out on N3” and on track for more than $40 billion in AI chip revenue this year, close to a quarter of total sales. Counterpoint Research put TSMC’s share of the global pure-foundry market at 73 percent in the first quarter, a concentration that increasingly resembles infrastructure rather than competition. Every hyperscaler capex deck, every frontier-model training run, every sovereign AI ambition passes through Hsinchu.

LSEG’s SmartEstimate points to a 58.8 percent year-on-year rise in second-quarter net profit when TSMC posts full results and updated guidance on Thursday, July 16. The pattern to watch isn’t whether the number beats. It’s how far management is willing to raise the ceiling this time, having spent the last two quarters watching demand punch straight through it.

Sources