Taiwan Semiconductor Manufacturing Co. posted second-quarter revenue of NT$1.27 trillion, or $39.63 billion, a 36 percent jump from a year earlier and a fresh record for the world’s dominant contract chipmaker. The figure landed near the top of the $39 billion to $40.2 billion range management floated on April’s earnings call, and edged past the LSEG SmartEstimate of NT$1.264 trillion drawn from 20 analysts, per Reuters.
The monthly print was the more revealing number. June revenue reached NT$442.68 billion, up 67.9 percent year-on-year and 6.2 percent from May, according to TSMC’s Form 6-K filed with the SEC on July 13. That lifted first-half sales to NT$2.4 trillion ($74.99 billion), 35.6 percent above the same stretch of 2025, CNBC reported. Quarter-on-quarter, Q2 was up nearly 12 percent, per the Taipei Times.
The composition matters as much as the totals. Demand is concentrated in leading-edge nodes and packaging, the 3-nanometre and 2-nanometre processes and CoWoS advanced packaging, where TSMC is the effective sole supplier to Nvidia and a critical one to Apple. Sravan Kundojjala of SemiAnalysis told CNBC the company is on track to exceed $40 billion in AI chip revenue in 2026, close to 25 percent of its total.
The structural picture: Counterpoint Research puts TSMC’s share of the global pure-foundry market at 73 percent in Q1 2026, and its market capitalisation now sits around $1.955 trillion, Asia’s most valuable listed company. Full Q2 earnings arrive Thursday, July 16, with updated capex and Q3 guidance.
One firm now intermediates most of the compute layer of the AI boom. The bottleneck and the beneficiary are the same balance sheet.