TSMC’s Q1 revenue jumps 35% year on year, beats market forecasts

[TAIPEI] The world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), reported first-quarter revenue of NT$1.13 trillion (S$45.5 billion) on Friday (Apr 10).

This was a 35 per cent year-on-year rise which beat market forecasts on surging interest in artificial intelligence (AI) applications.

Its revenue for the January-to-March period of NT$1.13 trillion is higher than NT$839.3 billion in the year-ago period. The brief statement gave no other details.

The results topped a SmartEstimate by the London Stock Exchange Group (LSEG) of NT$1.1 billion from 20 analysts, and was in line with TSMC’s January guidance of US$34.6 billion to US$35.8 billion on its last earnings call.

The company gives guidance only in US dollars.

It will report full first-quarter earnings on Apr 16, and give an updated outlook for the current quarter and the full year.

The company, with customers including Nvidia, has been a major beneficiary of advances in AI.

The technology has more than offset a tapering-off in pandemic-led demand for chips used in consumer electronics such as tablets.

TSMC’s Taipei-listed shares have gained 29 per cent in 2026, versus a rise of 22 per cent in the benchmark index.

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Its shares closed up 2.3 per cent on Friday.

Taiwan’s Foxconn, the world’s largest contract electronics maker and Nvidia’s biggest server maker, has also reported bumper sales, with an on-year rise of 30 per cent in first-quarter revenue. REUTERS