TSMC raised its 2026 revenue growth forecast to over 30%. This outlook increases from a previous estimate of nearly 30% due to relentless demand for artificial intelligence chips.
The company reported a record first-quarter net profit of NT$572.5 billion ($18.2 billion). This figure represents a 58% year-over-year increase and surpassed analyst expectations.
CEO C.C. Wei confirmed that AI-related demand remains extremely robust. TSMC will set capital spending at the high end of its $52 billion to $56 billion range to support customers like Nvidia and AMD.
Management expects no near-term operational impacts from conflict in the Middle East. The company has secured its supply chain to mitigate geopolitical risks.