TSMC posts record Q1 revenue on AI chip demand

TSMC posted record Q1 2026 revenue, up 35% YoY, driven by AI chip demand. Growth beat forecasts, highlighting the semiconductor sector’s momentum.

TSMC achieved remarkable growth in the first quarter of 2026, fueled by surging demand for advanced chips used in artificial intelligence. The company reported quarterly revenue of T$1.134 trillion (USD $35.6 billion), marking a 35% year-over-year increase and surpassing analysts’ expectations. This performance set a new record high for TSMC. In March alone, revenue soared by 45.2% compared to the previous year, underscoring TSMC’s pivotal role as a supplier of cutting-edge processors to major clients like Nvidia and Apple. The ongoing AI boom and rapid expansion of data centers have sustained strong demand, propelling TSMC’s share value to rise over 140% in the past year. Wall Street anticipates first-quarter earnings per share to exceed last year’s by more than 50%, with potential for an additional 16% upside. Investors are also closely watching upcoming results from ASML, which serve as a key benchmark for the semiconductor sector.