Taiwan Semiconductor Manufacturing Company (NYSE: TSM) reported record second-quarter revenue on Monday, with robust artificial intelligence chip demand continuing to fuel growth for the world’s largest contract semiconductor manufacturer.
Revenue for the April-to-June period climbed 36% year-on-year to T$1.27 trillion, equivalent to US$39.62 billion, according to Reuters calculations, narrowly exceeding the T$1.264 trillion LSEG SmartEstimate compiled from 20 analysts.
The result came in within the guidance range TSMC issued during its April earnings update, when the company projected second-quarter revenue of between US$39.0 billion and US$40.2 billion.
TSMC serves as a key manufacturing partner for major technology companies including Nvidia and Apple, positioning it at the center of global AI hardware supply chains.
June alone generated revenue of T$442.68 billion, representing a 67.9% increase from the same month last year and a 6.2% rise compared with May.
The monthly sales figures had originally been scheduled for release the previous Friday but were postponed after Typhoon Bavi forced the closure of financial markets in Taipei.
Despite delivering record quarterly sales, TSMC did not provide updated guidance or additional commentary alongside its preliminary revenue announcement.
The company is due to publish its full second-quarter earnings on Thursday, when management is expected to outline its outlook for the current quarter and the remainder of the year.
Analysts tracked by LSEG SmartEstimate expect second-quarter net profit to increase by 58.8% compared with the same period last year, reflecting the sustained strength of AI-driven demand.
TSMC, Asia’s largest listed company with a market capitalisation of approximately US$1.955 trillion, saw its Taipei-listed shares rise 1% on Monday ahead of the revenue release, while the broader market finished little changed.
The stock has gained 57% since the beginning of the year, broadly matching the strong performance of the wider technology sector and underlining investor confidence in the AI infrastructure buildout.
With full earnings results due later this week, markets will be closely watching management commentary for signals on capacity expansion plans and pricing trends across TSMC’s leading-edge manufacturing nodes.
