Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record first-quarter net profit increase of 58% year-over-year. Gross margins reached a record high of over 66% during the period. The company's 3-nanometer technology accounted for 25% of total wafer revenue.
TSMC is adding new 3nm production lines at its Southern Taiwan Science Park. The firm is also expanding 3nm capacity through new factories in the U.S. and Japan. Management maintained the 2026 capital expenditure forecast at $52 billion to $56 billion.
TSMC raised its full-year revenue growth projection to over 30%. The company cited insatiable demand for advanced AI chips for the revised outlook. These results signal continued growth for the high-performance computing sector.