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Technology

TSMC Q2 2026 profit jumps 77% to record T$706.6bn as AI demand fuels growth

TSMC reported a 77% year-on-year surge in second-quarter net profit to a record T$706.6 billion (about $22 billion), beating forecasts as AI chip demand lifted revenue to new highs.

Source: RSS · July 21, 2026 at 8:29 AM · AI-assisted report

TSMC Q2 2026 profit jumps 77% to record T$706.6bn as AI demand fuels growth
Photo: skenmy via flickr (BY)

KUALA LUMPUR, 21 JULY 2026 —

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TSMC reported a 77% year-on-year surge in second-quarter net profit to a record T$706.6 billion (about $22 billion), beating forecasts as AI chip demand lifted revenue to new highs.

Market Impact

High Performance Computing (HPC) drove 66% of total revenue, with 7nm and below technologies contributing 77% of wafer sales. TSMC’s smartphone business accounted for 22% of revenue despite seasonal softness, while IoT generated 6%, automotive 3%, digital consumer electronics 1%, and other segments the remaining 2%.

North America produced 78% of revenue as U.S. hyperscale cloud providers and AI chip designers boosted orders. Asia Pacific contributed 8%, China 6%, and Japan and EMEA each 4%. Global smartphone shipments fell 4% in the quarter, yet Apple’s market share rose to 20% from 16% a year earlier, according to Omdia.

The company raised its 2026 capital expenditure forecast to $60 billion–$64 billion, up from a prior ceiling of $56 billion, and announced an additional $100 billion investment in Arizona, bringing total planned U.S. spending to $265 billion. TSMC’s market capitalisation reached about $1.97 trillion, nearly double Samsung Electronics.

CEO C.C. Wei said AI demand remains exceptionally strong, with customers expanding investments in advanced computing infrastructure. TSMC forecast more than 40% revenue growth for 2026.

Related: Apple

Reporting based on RSS. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.