TSMC Posts Record Q1 Profit, Up 58% on AI Demand

Taiwan Semiconductor Manufacturing Company reported Q1 2026 profit of NT$572.48 billion (about $18.11 billion), up 58.3% from a year earlier and a record for the world's largest contract chipmaker. It was the company's fourth consecutive record quarter.

Revenue and Growth Mix

Revenue reached NT$1.134 trillion (about $35.7 billion), up 35% year over year. Three-nanometer chips accounted for 25% of wafer revenue, while advanced nodes (3, 5 and 7 nanometer combined) represented 75%, underscoring how rapidly leading-edge demand is concentrating at the top of the stack.

Guidance Raised

TSMC raised its full-year 2026 revenue growth forecast to more than 30% in US dollar terms, citing strong AI chip demand. Apple remains a major customer, but the AI segment now drives most of the upside the company is willing to publicly project.

Geopolitical Backdrop

The results landed even as the Iran war and global trade volatility weighed on adjacent industries. Executives credited the company's diversified customer base for keeping demand from softening.