Taiwan Semiconductor Manufacturing (TSMC), the world's largest contract chipmaker, has published financial results for June that exceeded all expectations. The company's revenue reached NT$442.68 billion, equivalent to approximately $13.78 billion. This is a 67.9% increase compared to June last year and represents the highest monthly growth rate since the beginning of 2026.
The key driver of this impressive growth has been the explosive demand for chips used in artificial intelligence infrastructure. TSMC's customers are actively revising their plans to accelerate deliveries, indicating an ongoing race for computing power in the AI sector.
Quarterly and Half-Year Results: Exceeding Forecasts
Compared to May, June sales increased by 6.2%. Overall, for the second quarter, TSMC's revenue amounted to NT$1.27 trillion ($39.62 billion), which was above the average analyst forecast of NT$1.264 trillion. The dollar equivalent is calculated at an exchange rate of NT$32.13 per $1.
The monthly dynamics clearly demonstrate acceleration: the growth rate in June (67.9%) significantly outpaced the figures for February (22.2%) and April (17.5%). In the first half of 2026, TSMC earned NT$2.4 trillion (approximately $74.99 billion), which is 35.6% more than in the same period last year. Notably, this amount already accounts for about 63% of the company's total annual revenue for 2025, which stood at NT$3.81 trillion.
Market Share and Upcoming Report
TSMC's dominant position in the market is beyond doubt. According to Counterpoint Research, in the first quarter, the company controlled about 73% of the global contract chip manufacturing market. However, monthly reports do not disclose data on profit and profitability. The quarterly report, to be published on Thursday, July 16, will be a key event for the market.
According to the LSEG consensus forecast, analysts expect the company's net profit for the second quarter to grow by 58.8%. However, since revenue is already known, all investor attention is focused on two main questions: will TSMC raise its annual growth forecast above the current 30%, and will the investment budget be increased amid the AI boom.
My view: A potential upward revision of the forecast and an increase in CAPEX would be a powerful bullish signal not only for TSMC's shares but for the entire semiconductor sector. This would confirm that demand for AI infrastructure is far from saturation and will continue to fuel growth in related markets, including, possibly, decentralized computing.