Taiwan Semiconductor Manufacturing Co. (TSMC) announced a significant 36% surge in quarterly sales, reaching NT$1.27 trillion ($39.6 billion) for the three months ending in June. This performance aligns with analyst expectations and indicates sustained global demand for AI hardware. A key driver for this strong quarterly result was an exceptional 68% increase in TSMC's sales in June compared to the same month last year.
This growth follows a trend of strong sales earlier in the quarter, with May revenues rising 30% year-over-year to NT$416.98 billion ($13.2 billion). Combined April and May sales were up approximately 24% from a year ago. Analysts had been anticipating a 35% increase in second-quarter sales, and TSMC's latest figures have met these high expectations.
The robust demand for AI chips is a recurring theme, with TSMC's CEO C.C. Wei previously stating that AI demand "continues to be extremely robust." The company has been investing heavily to meet this demand, expecting 2026 capital spending to be at the higher end of its $52 billion to $56 billion range, and projecting significantly higher spending over the next three years compared to the past three. TSMC's full-year 2026 revenue is expected to grow by more than 30% in U.S. dollar terms.
