NYSE$TSM
Taiwan Semiconductor Manufacturing Co Ltd - ADR · Q2 2026 earnings
Q2 2026 earnings · · Investor relations
Briefing
Taiwan Semiconductor Manufacturing Co Ltd - ADR reported record Q2 2026 results with strong AI-driven demand for advanced nodes.
TSMC announced consolidated revenue of NT$1,270.38 billion for the second quarter ended June 30, 2026, up 36.0% year-over-year. Net income reached NT$706.56 billion with diluted EPS of NT$27.25, both up 77.4% YoY. Gross margin was 67.7% and operating margin 60.3%, supported by high utilization of leading-edge technologies.
- Q2 revenue NT$1,270.38 billion (+36.0% YoY) and USD 40.20 billion equivalent.
- Net income NT$706.56 billion (+77.4% YoY) and diluted EPS NT$27.25.
- Advanced technologies (7nm and below) accounted for 77% of wafer revenue, including initial 2nm contributions.
- Raised full-year 2026 revenue growth outlook to slightly above 40% in USD terms.
Headline financials
Revenue & EPS history
TSMC · Revenue · Quarterly
NT$39.4B
Forward guidance
Q3 2026 revenue expected between US$44.6 billion and US$45.8 billion with gross margin 65-67% and operating margin 56-58%. Full-year 2026 revenue growth raised to slightly above 40% in USD terms.
Tailwinds
- Strong AI demand continuing into 2nm ramp
- Advanced process technologies driving growth
Headwinds
- Expected sequential margin dilution from overseas fabs and utilization
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+1.2%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+3.2%
Avg return
30 days after
62%
36 / 58 earnings
Positive
+10.9%
Q4 2023
Best reaction
-7.1%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2025 | +4.5% | -1.9% | +7.8% | |
| Q4 2024 | +2.3% | +5.8% | -1.4% | |
| Q4 2023 | +10.9% | +10.9% | +23.1% | |
| Q3 2023 | +1.9% | +2.3% | +11.1% | |
| Q2 2023 | -5.6% | -2.7% | -11.6% | |
| Q1 2023 | -2.1% | -5.7% | +6.1% | |
| Q4 2022 | +6.1% | +8.8% | +16.6% | |
| Q3 2022 | -0.3% | -0.6% | +15.2% | |
| Q2 2022 | +5.3% | +6.0% | +11.8% | |
| Q1 2022 | -2.7% | -2.0% | -10.4% | |
| Q4 2021 | +6.4% | +1.2% | -8.5% | |
| Q3 2021 | +4.4% | +6.3% | +7.9% | |
| Q2 2021 | -7.0% | -6.4% | -7.1% | |
| Q1 2021 | -1.7% | -4.9% | -6.9% | |
| Q4 2020 | +5.0% | +10.1% | +15.8% | |
| Q3 2020 | -2.1% | -0.4% | +5.2% | |
| Q2 2020 | +0.5% | +2.6% | +18.7% | |
| Q1 2020 | +8.1% | +3.4% | +0.3% | |
| Q4 2019 | +0.3% | -0.3% | -0.3% | |
| Q3 2019 | -1.7% | +1.0% | +6.3% | |
| Q2 2019 | +5.3% | +6.7% | -0.2% | |
| Q1 2019 | +1.7% | +2.3% | -9.3% | |
| Q4 2018 | +3.4% | +1.0% | +7.0% | |
| Q3 2018 | -2.8% | -4.0% | -6.8% | |
| Q2 2018 | +6.0% | +5.2% | +4.5% | |
| Q1 2018 | -7.1% | -7.6% | -8.3% | |
| Q4 2017 | +3.6% | +7.3% | +0.8% | |
| Q3 2017 | -0.9% | -0.4% | +1.4% | |
| Q2 2017 | +1.6% | +0.5% | +1.3% | |
| Q1 2017 | -0.8% | -1.5% | +9.6% | |
| Q4 2016 | -2.4% | -1.8% | +1.8% | |
| Q3 2016 | -2.2% | -1.6% | -4.5% | |
| Q2 2016 | +0.4% | +1.4% | +8.7% | |
| Q1 2016 | -1.3% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +2.1% | — | — | |
| Q1 2015 | -1.2% | — | — | |
| Q4 2014 | +7.3% | — | — | |
| Q3 2014 | +0.8% | — | — | |
| Q2 2014 | +3.2% | — | — | |
| Q1 2014 | +3.5% | — | — | |
| Q4 2013 | -2.4% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q1 2013 | -0.6% | — | — | |
| Q4 2012 | +5.7% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +2.2% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2011 | +2.7% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2011 | +4.5% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2010 | +1.5% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q1 2010 | +0.5% | — | — | |
| Q3 2009 | — | — | — | |
| Q4 2009 | — | — | — |
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