June revenue and first-half sales both set records
Taiwan Semiconductor Manufacturing Co. (TSMC, 2330) said on July 13 that its June 2026 consolidated revenue reached NT$442.68 billion. That was up 6.16% from the prior month and 67.87% from a year earlier, marking a new monthly record.
For the first half of 2026, consolidated revenue totaled about NT$2.404 trillion, up 35.61% year over year and also the highest on record. The market took the figures as confirmation that TSMC met its earlier guidance for the second quarter. Its shares closed up 1.04% on Monday.
Second-quarter guidance was in range
Economic Daily News said TSMC had previously guided for second-quarter revenue of $39 billion to $40.2 billion, using an exchange-rate assumption of NT$31.7 per U.S. dollar. That translates to about NT$1.24 trillion to NT$1.27 trillion.
Institutional estimates before the release had suggested that if revenue in May and June stayed in the NT$420 billion to NT$440 billion range, the company would be able to meet that target. June’s reported figure supported that view.
AI demand continues to support advanced manufacturing and packaging
By product mix, AI-related demand remained TSMC’s main growth driver in the report. The company’s 3nm process benefited from continued adoption in smartphones, high-performance computing, and AI applications, while utilization for the 5nm family stayed high.
In advanced packaging, CoWoS capacity remained fully booked, with utilization at elevated levels. TSMC’s major customers include NVIDIA, Apple, and AMD. ABMedia described the company as a core node in the global AI computing infrastructure supply chain.
Institutional investors expect demand visibility for advanced nodes and advanced packaging to extend into 2027 as NVIDIA’s Rubin platform, AMD’s next-generation AI GPUs, and Google TPUs scale mass production in the second half of the year.
Chiayi expansion and foundry market share
On capacity expansion, Wu Cheng-wen, minister of Taiwan’s National Science and Technology Council, said Sunday that TSMC plans to add two advanced packaging plants in Chiayi Science Park in southern Taiwan. The first plant has already entered mass production, and the second is set to follow.
Counterpoint Research said TSMC held a 73% share of the global pure-play foundry market in the first quarter of 2026.
Four issues in focus ahead of the July 16 earnings call
TSMC is scheduled to hold its second-quarter earnings call on July 16. The market is focusing on four items:
- Visibility on AI demand in the second half and the order pace from major customers
- The timeline for expanding CoWoS advanced packaging capacity
- Mass production timing for the N2P and A16 process nodes
- Whether the company will raise its full-year U.S. dollar revenue growth outlook and capital spending plan
ABMedia said the company’s updated outlook will be a key point to watch as AI customer demand continues to heat up.
