TSMC reported record first-quarter revenue of $35.71 billion. This figure represents a 35% year-over-year increase and exceeds consensus analyst estimates. Strong orders for 3-nanometer and 5-nanometer nodes from Nvidia and Apple fueled the performance.
Management raised the revenue growth forecast for the full year of 2026 to nearly 30%. High-performance computing and AI markets now generate the majority of company revenue.
TSMC shares rose significantly in U.S. pre-market trading following the announcement. The bullish forecast signals a continued rapid build-out of global AI infrastructure. These results provide a major tailwind for the broader semiconductor industry and its current valuations.