TSMC's first-quarter revenue surges as AI interest propels sales beyond market forecasts
The logo of Taiwan Semiconductor Manufacturing Company (TSMC) is displayed at TSMC Museum of Innovation in Hsinchu, Taiwan April 9, 2026. REUTERS/Ann Wang
(Corrects trillion, not billion, Taiwanese dollars in the third paragraph)
TAIPEI, April 10 : TSMC, the world's largest contract chipmaker, on Friday reported a 35 per cent surge in first-quarter revenue, beating market forecasts, thanks to unabated interest in artificial intelligence applications.
January-March revenue reached T$1.134 trillion ($35.71 billion) compared with T$839.3 billion in the same period a year earlier, TSMC said in a statement without elaborating.
The result topped an LSEG SmartEstimate of T$1.125 trillion drawn from 20 analysts, and was in line with TSMC's January guidance of $34.6 billion to $35.8 billion given at its last earnings call. TSMC only issues guidance in U.S. dollars.
TSMC's latest record-smashing quarterly revenue comes as war in the Middle East is raising energy costs and upending global markets. That in turn threatens to disrupt the supply of production materials for semiconductors which analysts said could force companies to delay AI data centre investment.
Analysts nevertheless raised their forecast for TSMC's April-June revenue by 2.3 per cent over the last 30 days to a record T$1.2 trillion, LSEG data showed, betting on constrained capacity for advanced AI chip production to boost the firm's earnings.
TSMC will report first-quarter earnings on April 16 along with an updated outlook for the current quarter and full year.
The chipmaker, whose customers include Nvidia, has been a major beneficiary of advances in AI, which has more than offset a tapering-off in pandemic-led demand for chips used in consumer electronics such as tablet computers.
Its Taipei-listed shares have gained 29 per cent this year versus a rise of 22 per cent in the benchmark share price index. The stock closed up 2.3 per cent on Friday ahead of its sales announcement.
Compatriot Foxconn, the world's largest contract electronics maker and Nvidia's biggest server maker, has also reported bumper first-quarter sales with an on-year rise of 30 per cent.
($1=31.7560 Taiwan dollars)
