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TSMC (NYSE: TSM) March revenue jumps 45% year over year

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Taiwan Semiconductor Manufacturing Company Limited reported strong March 2026 results, with consolidated net revenue of NT$415.19 billion, up 30.7% from February 2026 and 45.2% from March 2025. Revenue for January through March 2026 reached NT$1,134.10 billion, a 35.1% year-on-year increase.

The company also disclosed intra-group financing and support. TSMC China had outstanding loans of NT$11.14 billion, and TSMC Development had NT$2.89 billion outstanding, both to wholly owned subsidiaries. Guarantees included up to NT$208.42 billion for TSMC Global and NT$350.41 billion for TSMC Arizona.

TSMC and its subsidiaries detailed foreign-exchange derivative positions, largely forwards, with TSMC showing outstanding notional of NT$205.04 billion and a mark-to-market loss of NT$3.04 billion. Other subsidiaries reported smaller notional amounts and modest realized or unrealized gains and losses, mainly for hedging and risk management purposes.

Positive

  • Strong revenue acceleration: March 2026 net revenue reached NT$415.19 billion, up 45.2% year-on-year and 30.7% month-on-month, with Q1 2026 revenue of NT$1,134.10 billion growing 35.1% versus the prior-year period, signaling very robust demand.

Negative

  • None.

Insights

TSMC posts very strong Q1 top-line growth with manageable FX-hedging impacts.

TSMC delivered robust demand signals: March 2026 revenue of NT$415.19 billion grew 30.7% month-on-month and 45.2% year-on-year. First-quarter 2026 revenue of NT$1,134.10 billion was up 35.1% versus the prior year period, indicating broad strength in wafer demand and advanced-node utilization.

The filing also outlines intra-group funding and guarantees that support overseas fabs in China, the United States, and globally. Lending to TSMC Nanjing and TSMC Washington and guarantees for TSMC North America, Global, and Arizona show continued capital commitment to international capacity expansion, while keeping exposures within pre-approved board limits.

On risk management, TSMC and its subsidiaries list sizeable foreign-exchange derivative positions. TSMC’s non-hedge-accounting forwards carry outstanding notional of NT$205.04 billion with a mark-to-market loss of NT$3.04 billion and cumulative realized losses of NT$5.11 billion. These amounts are modest relative to quarterly revenue but highlight ongoing sensitivity to currency swings. Subsequent disclosures in future periods will show whether hedging results normalize as contract portfolios roll off.

March 2026 net revenue NT$415.19 billion Consolidated; +30.7% MoM and +45.2% YoY
Q1 2026 net revenue NT$1,134.10 billion January–March 2026; +35.1% vs same period 2025
Loan to TSMC Nanjing NT$11,144,160 thousand Outstanding amount from TSMC China to wholly owned subsidiary
Loan to TSMC Washington NT$2,885,760 thousand Outstanding amount from TSMC Development to wholly owned subsidiary
Guarantee for TSMC Global NT$208,416,000 thousand Limit and outstanding guarantee by TSMC
Guarantee for TSMC Arizona NT$350,410,400 thousand Outstanding guarantee by TSMC
TSMC FX forwards notional NT$205,042,004 thousand Outstanding notional amount, derivatives not applying hedge accounting
TSMC FX forwards MTM loss NT$3,041,798 thousand Mark-to-market loss on outstanding forward contracts
financial derivative transactions financial
"This is to report the changes or status of ... 4) financial derivative transactions for March 2026"
mark to market financial
"Mark to Market of Outstanding Contracts | (3,041,798)"
Mark to market is an accounting practice that records the value of an asset or liability at its current market price instead of its original purchase cost. For investors, it means a company's reported earnings, balance sheet and capital ratios change as market prices move—like updating a price tag each day—so reported profits and risk can fluctuate quickly with market swings.
cumulative unrealized profit/loss financial
"Cumulative Unrealized Profit/Loss | (26,601)"
cumulative realized profit/loss financial
"Cumulative Realized Profit/Loss | (5,107,741)"
hedge accounting financial
"Derivatives applying hedge accounting. ‧TSMC Global"
Hedge accounting is a way companies record the gains and losses from risk-management tools (like contracts that lock prices or rates) so those results line up with the items they protect. Think of it like matching the cost of an insurance policy to the value of the thing insured, which prevents artificial swings in reported profit. For investors, hedge accounting makes a company’s financial results clearer by showing the economic effect of risk management instead of noisy timing differences.
outstanding notional amount financial
"Existing Contracts | Outstanding Notional Amount | 205,042,004"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How much revenue did TSM (Taiwan Semiconductor) generate in March 2026?
TSMC reported March 2026 consolidated net revenue of NT$415.19 billion. This was a 30.7% increase over February 2026 and a 45.2% rise compared with March 2025, reflecting significantly stronger demand for its semiconductor manufacturing services.

What were TSM (TSMC) revenues for the first quarter of 2026?
For January through March 2026, TSMC’s consolidated net revenue totaled NT$1,134.10 billion. This represented a 35.1% increase compared with the same three-month period in 2025, indicating broad-based growth across its manufacturing portfolio early in the year.

How rapidly is TSM (TSMC) revenue growing year over year?
TSMC’s March 2026 revenue grew 45.2% year over year, from NT$285.96 billion to NT$415.19 billion. First-quarter 2026 revenue also rose 35.1% compared with first-quarter 2025, confirming strong momentum versus the prior year’s levels.

What intra-group loans did TSM (TSMC) disclose for March 2026?
TSMC reported outstanding loans of NT$11.14 billion from TSMC China to TSMC Nanjing and NT$2.89 billion from TSMC Development to TSMC Washington. Both borrowers are wholly owned subsidiaries, so these balances represent internal funding rather than third-party credit exposure.

Which guarantees did TSM (TSMC) provide to its subsidiaries?
TSMC disclosed guarantees including NT$208.42 billion for TSMC Global and NT$350.41 billion for TSMC Arizona. It also listed smaller guarantees, such as NT$2.67 billion for TSMC North America, supporting overseas operations and financing arrangements within board-approved limits.

What derivative exposures did TSM (TSMC) report in March 2026?
TSMC showed non-hedge-accounting forward contracts with outstanding notional of NT$205.04 billion and a mark-to-market loss of NT$3.04 billion. Cumulative realized losses were NT$5.11 billion, while subsidiaries reported smaller notional amounts and modest realized or unrealized foreign-exchange results.

1934 Act Registration No. 1-14700
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_____________________________
FORM 6-K
_____________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
(Commission File Number: 001-14700)
_____________________________
Taiwan Semiconductor Manufacturing Company Limited
(Translation of Registrant’s Name Into English)
_____________________________
No. 8, Li-Hsin Road 6
Hsinchu Science Park
Hsinchu 300-096, Taiwan
Republic of China
(Address of Principal Executive Offices)
_____________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F  x            Form 40-F  o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1):o
Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7):o


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Taiwan Semiconductor Manufacturing Company Limited
Date: April 10, 2026By   /s/ Wendell Huang
  Wendell Huang
   Senior Vice President and Chief Financial Officer


a1.jpg
TSMC March 2026 Revenue Report

HSINCHU, Taiwan, R.O.C. – Apr. 10, 2026 - TSMC (TWSE: 2330, NYSE: TSM) today announced its net revenue for March 2026: On a consolidated basis, revenue for March 2026 was approximately NT$415.19 billion, an increase of 30.7 percent from February 2026 and an increase of 45.2 percent from March 2025. Revenue for January through March 2026 totaled NT$1,134.10 billion, an increase of 35.1 percent compared to the same period in 2025.


TSMC March Revenue Report (Consolidated):
(Unit:NT$ million)
PeriodMarch 2026February 2026
M-o-M
Increase
(Decrease)
%
March 2025
Y-o-Y
Increase
(Decrease)
%
January to March 2026January to March 2025
Y-o-Y
Increase
(Decrease)
%

Net Revenue

415,191317,65730.7285,95745.21,134,103839,25435.1


TSMC Spokesperson:TSMC Media Contacts
Wendell Huang
Senior Vice President and CFO
Nina Kao
Head of Public Relations
Tel: 886-3-563-6688 ext.7125036
Mobile: 886-988-239-163
E-Mail: press@tsmc.com
Ulric Kelly
Public Relations
Tel: 886-3-563-6688 ext.7126541
Mobile: 886-978-111-503
E-Mail: press@tsmc.com


Taiwan Semiconductor Manufacturing Company Limited
This is to report the changes or status of 1) revenue, 2) funds lent to other parties, 3) endorsements and guarantees, and 4) financial derivative transactions for March 2026 (“Current Month”).
Note: “Outstanding” herein means the outstanding balance at the end of Current Month; and “Cumulative” herein represents the accumulated amounts from the beginning of this year till the end of Current Month.
1. Revenue (in NT$ thousands)
PeriodItems20262025
Mar.
Net Revenue
415,191,699 285,956,830 
Jan.~Mar.
Net Revenue
1,134,103,440 839,253,664 
2. Funds lent to other parties (in NT$ thousands)
Lending CompanyLimit of lendingAmount approved by the Board of DirectorsOutstanding amount
TSMC China*
126,692,810 11,144,160 11,144,160 
TSMC Development**
34,543,156 3,847,680 2,885,760 
* The borrower is TSMC Nanjing, a wholly-owned subsidiary of TSMC.
** The borrower is TSMC Washington, a wholly-owned subsidiary of TSMC.
3. Endorsements and guarantees (in NT$ thousands)
GuarantorLimit of guaranteeAmount approved by the Board of DirectorsOutstanding amount
TSMC*2,167,838,398 2,668,151 2,668,151 
TSMC**208,416,000 208,416,000 
TSMC***480,669,360 350,410,400 
* The guarantee was provided to TSMC North America, a wholly-owned subsidiary of TSMC.
** The guarantee was provided to TSMC Global, a wholly-owned subsidiary of TSMC.
*** The guarantee was provided to TSMC Arizona, a wholly-owned subsidiary of TSMC.




4. Financial derivative transactions (in NT$ thousands)
(1)Derivatives not applying hedge accounting.
‧TSMC
Forward
Margin Payment
- 
Premium Income (Expense)
- 
Existing Contracts
Outstanding Notional Amount
205,042,004 
Mark to Market of Outstanding Contracts
(3,041,798)
Cumulative Unrealized Profit/Loss
(26,601)
Expired Contracts
Cumulative Notional Amount
416,293,533 
Cumulative Realized Profit/Loss
(5,107,741)
Equity price linked product (Y/N)
N
‧TSMC China
Forward
Margin Payment
- 
Premium Income (Expense)
- 
Existing Contracts
Outstanding Notional Amount
2,574,675 
Mark to Market of Outstanding Contracts
(2,946)
Cumulative Unrealized Profit/Loss
(17,455)
Expired Contracts
Cumulative Notional Amount
3,578,667 
Cumulative Realized Profit/Loss
17,095 
Equity price linked product (Y/N)
N
‧TSMC Nanjing
Forward
Margin Payment
- 
Premium Income (Expense)
- 
Existing Contracts
Outstanding Notional Amount
6,855,138 
Mark to Market of Outstanding Contracts
(8,409)
Cumulative Unrealized Profit/Loss
(32,859)
Expired Contracts
Cumulative Notional Amount
7,738,941 
Cumulative Realized Profit/Loss
15,900 
Equity price linked product (Y/N)
N



‧Japan Advanced Semiconductor Mfg., Inc.
Forward
Margin Payment
- 
Premium Income (Expense)
- 
Existing Contracts
Outstanding Notional Amount
- 
Mark to Market of Outstanding Contracts
- 
Cumulative Unrealized Profit/Loss
(4,241)
Expired Contracts
Cumulative Notional Amount
2,767,287 
Cumulative Realized Profit/Loss
20,888 
Equity price linked product (Y/N)
N
(2)Derivatives applying hedge accounting.
‧TSMC Global
Future
Margin Payment
(10,100)
Premium Income (Expense)
- 
Existing Contracts
Outstanding Notional Amount
1,086,970 
Mark to Market of Outstanding Contracts
11,578 
Cumulative Unrealized Profit/Loss
12,228 
Expired Contracts
Cumulative Notional Amount
4,033,651 
Cumulative Realized Profit/Loss
(178)
Equity price linked product (Y/N)
N

Source: View Original Filing on SEC EDGAR