Taiwan Semiconductor (NYSE: TSM) 2Q26 revenue NT$1,270.38B, EPS NT$27.25
Rhea-AI Filing Summary
Taiwan Semiconductor Manufacturing Company Limited reported second quarter 2026 consolidated revenue of NT$1,270.38 billion (US$40.20 billion), net income of NT$706.56 billion, and diluted EPS of NT$27.25, or US$4.31 per ADR unit. Year-over-year, revenue rose 36.0%, while net income and EPS increased 77.4%. Compared with first quarter 2026, revenue grew 12.0% and net income 23.4%. All figures are prepared in accordance with TIFRS on a consolidated basis.
Profitability was high, with gross margin of 67.7%, operating margin of 60.3%, and net profit margin of 55.6%. Advanced technologies at 7-nanometer and below contributed 77% of wafer revenue, including 2-nanometer at 3%, 3-nanometer at 30%, and 5-nanometer at 33%. Cash from operating activities reached NT$783.36 billion, funding NT$496.00 billion of capital expenditures and NT$155.59 billion of cash dividends, for free cash flow of NT$287.36 billion. Management expects third quarter 2026 revenue between US$44.6 billion and US$45.8 billion, with gross margin of 65–67% and operating margin of 56–58%, and projects 2026 revenue growth slightly above 40% in US dollar terms.
Positive
- Revenue of NT$1,270.38 billion in 2Q26 grew 36.0% year-over-year and 12.0% quarter-over-quarter, reflecting substantial expansion in TSMC’s business scale.
- Net income of NT$706.56 billion and EPS of NT$27.25 in 2Q26 increased 77.4% year-over-year, with a net profit margin of 55.6%.
- 2026 revenue is expected to increase by slightly above 40% in US dollar terms, indicating management’s outlook for continued high growth supported by leading-edge technologies.
Negative
- None.
Filing Explained
The balance sheet adds a period-end liquidity and debt snapshot; 2Q26 figures await board approval.
TSMC's
At
Form 6-K is an interim report used by a foreign private issuer to furnish material information published in its home market; here, the attached earnings release and presentation provide that interim information.
The status point to monitor is the filing's footnote stating that the 2Q26 figures have not been approved by the board; no later approval is supplied here.
Key Figures
2Q26 Revenue: NT$1,270.38 billion
2Q26 Net Income: NT$706.56 billion
2Q26 Diluted EPS: NT$27.25
+5 more
8 metrics
2Q26 Revenue
NT$1,270.38 billion
Consolidated net sales for the second quarter 2026
2Q26 Net Income
NT$706.56 billion
Net income attributable to shareholders in the second quarter 2026
2Q26 Diluted EPS
NT$27.25
Diluted earnings per share in 2Q26; US$4.31 per ADR unit
2Q26 Gross Margin
67.7%
Consolidated gross margin for the second quarter 2026
2Q26 Operating Margin
60.3%
Consolidated operating margin for the second quarter 2026
2Q26 Free Cash Flow
NT$287.36 billion
Cash from operating activities minus capital expenditures in 2Q26
3Q26 Revenue Guidance
US$44.6–45.8 billion
Management’s expected revenue range for the third quarter 2026
2026 Revenue Growth Outlook
slightly above 40% in US dollar terms
Management expectation for 2026 revenue growth in US dollars
Key Terms
TIFRS, advanced technologies, free cash flow, ROE, +1 more
5 terms
TIFRS financial
"All figures were prepared in accordance with TIFRS on a consolidated basis."
advanced technologies technical
"Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 77% of total wafer revenue."
free cash flow financial
"Free cash flow = Cash from operating activities – Capital expenditures"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
ROE financial
"ROE 45.9% ... annualized based on average equity attributable to shareholders of the parent company"
Return on equity (ROE) measures how much profit a company generates from the money shareholders have invested, like checking how effectively a chef turns ingredients into meals. Investors use it to compare how well companies turn investor funds into earnings—higher ROE usually means management is using capital more efficiently, while a low ROE can signal weaker profitability or poor use of equity.
asset productivity financial
"Asset productivity (x) = Annualized net revenue / Average net PP&E"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were TSMC (TSM) revenue, net income and EPS in 2Q26?
TSMC reported 2Q26 revenue of NT$1,270.38 billion, net income of NT$706.56 billion, and diluted EPS of NT$27.25 (US$4.31 per ADR). These consolidated results are prepared under TIFRS and reflect strong demand for leading-edge process technologies.
How did TSMC (TSM) 2Q26 results change versus 2Q25 and 1Q26?
Year-over-year, revenue grew 36.0% and net income and EPS rose 77.4%. Quarter-over-quarter, revenue increased 12.0% and net income 23.4%. These moves show both strong annual growth and solid sequential momentum in the company’s financial performance.
What margins did TSMC (TSM) achieve in the second quarter of 2026?
In 2Q26, TSMC posted a gross margin of 67.7%, operating margin of 60.3%, and net profit margin of 55.6%. These high margins reflect the mix of advanced technologies and efficient operations in the company’s foundry business.
What is TSMC (TSM) revenue and margin guidance for 3Q26?
Management expects 3Q26 revenue between US$44.6 billion and US$45.8 billion. Based on an exchange rate of 1 US dollar to 32 NT dollars, TSMC guides for gross margin of 65–67% and operating margin of 56–58% in the third quarter of 2026.
What full-year 2026 revenue growth outlook did TSMC (TSM) provide?
TSMC’s management expects 2026 revenue to increase by slightly above 40% in US dollar terms. This outlook is based on the current business environment and strong demand for leading-edge process technologies, including the ramp-up of 2-nanometer production.
How important were advanced nodes to TSMC (TSM) revenue in 2Q26?
Advanced technologies at 7-nanometer and below accounted for 77% of wafer revenue in 2Q26. Within this, 5-nanometer contributed 33%, 3-nanometer 30%, and 2-nanometer 3%, underscoring TSMC’s focus on leading-edge manufacturing.
What was TSMC (TSM) free cash flow and capital spending in 2Q26?
In 2Q26, TSMC generated NT$783.36 billion in cash from operating activities and spent NT$496.00 billion on capital expenditures, producing free cash flow of NT$287.36 billion. The company also paid NT$155.59 billion in cash dividends during the quarter.
1934 Act Registration No. 1-14700
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 July 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
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: July 16, 2026 | By | /s/ Wendell Huang | |||||||||||||||
| Wendell Huang | |||||||||||||||||
| Senior Vice President & Chief Financial Officer | |||||||||||||||||
Exhibits
| Exhibit Number | Exhibit Description | ||||
| 99.1 | Press release issued by TSMC on July 16, 2026. | ||||
| 99.2 | 2026 Second Quarter Earnings Conference Presentation Material. | ||||
 | ||
TSMC Reports Second Quarter EPS of NT$27.25
HSINCHU, Taiwan, R.O.C., Jul. 16, 2026 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$1,270.38 billion, net income of NT$706.56 billion, and diluted earnings per share of NT$27.25 (US$4.31 per ADR unit) for the second quarter ended June 30, 2026.
Year-over-year, second quarter revenue increased 36.0%, while net income and diluted EPS both increased 77.4%. Compared to first quarter 2026, second quarter results represented a 12.0% increase in revenue and a 23.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, second quarter revenue was $40.20 billion, which increased 33.7% year-over-year and increased 12.0% from the previous quarter.
Gross margin for the quarter was 67.7%, operating margin was 60.3%, and net profit margin was 55.6%.
In the second quarter, shipments of 2-nanometer accounted for 3% of total wafer revenue; 3-nanometer accounted for 30%; 5-nanometer accounted for 33%; and 7-nanometer accounted for 11%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 77% of total wafer revenue.
“Our business in the second quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into third quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology.”
Based on the Company’s current business outlook, management expects the overall performance for third quarter 2026 to be as follows:
•Revenue is expected to be between US$44.6 billion and US$45.8 billion;
And, based on the exchange rate assumption of 1 US dollar to 32 NT dollars,
•Gross profit margin is expected to be between 65% and 67%;
•Operating profit margin is expected to be between 56% and 58%.
| ||
TSMC’s 2026 second quarter consolidated results:
(Unit: NT$ million, except for EPS)
2Q26 Amounta | 2Q25 Amount | YoY Inc. (Dec.) % | 1Q26 Amount | QoQ Inc. (Dec.) % | |||||||||||||
Net sales | 1,270,381 | 933,792 | 36.0 | 1,134,103 | 12.0 | ||||||||||||
Gross profit | 860,311 | 547,369 | 57.2 | 751,295 | 14.5 | ||||||||||||
Income from operations | 766,603 | 463,423 | 65.4 | 658,966 | 16.3 | ||||||||||||
Income before tax | 862,430 | 493,036 | 74.9 | 687,800 | 25.4 | ||||||||||||
Net income | 706,562 | 398,273 | 77.4 | 572,480 | 23.4 | ||||||||||||
EPS (NT$) | 27.25b | 15.36c | 77.4 | 22.08d | 23.4 | ||||||||||||
a: 2Q2026 figures have not been approved by Board of Directors
b: Based on 25,932 million weighted average outstanding shares
c: Based on 25,929 million weighted average outstanding shares
d: Based on 25,931 million weighted average outstanding shares
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 305 distinct process technologies, and manufactured 12,682 products for 534 customers in 2025 by providing the broadest range of advanced, specialty and advanced packaging technology services. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
# # #
TSMC Spokesperson: Wendell Huang Senior Vice President and CFO | Media Contacts: Nina Kao Head of Public Relations Tel: 886-3-563-6688 ext.712-5036 Mobile: 886-988-239-163 E-Mail: press@tsmc.com | Ulric Kelly Public Relations Tel: 886-3-563-6688 ext.712-6541 Mobile: 886-978-111-503 E-Mail: press@tsmc.com | |||||||||
Unleash Innovation © 12026 TSMC, Ltd TSMC Property Unleash Innovation 2026 Second Quarter Earnings Conference July 16, 2026
Unleash Innovation © 22026 TSMC, Ltd TSMC Property Agenda • Welcome Jeff Su, IR Director • 2Q26 Financial Results and 3Q26 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A
Unleash Innovation © 32026 TSMC, Ltd TSMC Property Safe Harbor Notice • TSMC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Information as to those factors that could cause actual results to vary can be found in TSMC’s 2025 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 16, 2026 and such other documents as TSMC may file with, or submit to, the SEC from time to time. • Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Unleash Innovation © 42026 TSMC, Ltd TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2Q26 2Q26 1Q26 2Q25 2Q26 Over 1Q26 2Q26 Over 2Q25(In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 40.20 39.0-40.2 35.90 30.07 +12.0% +33.7% Net Revenue 1,270.38 1,134.10 933.79 +12.0% +36.0% Gross Margin 67.7% 65.5%-67.5% 66.2% 58.6% +1.5 ppts +9.1 ppts Operating Expenses (98.98) (94.01) (84.51) +5.3% +17.1% Operating Margin 60.3% 56.5%-58.5% 58.1% 49.6% +2.2 ppts +10.7 ppts Non-Operating Items 95.83 28.83 29.61 +232.3% +223.6% Net Income Attributable to Shareholders of the Parent Company 706.56 572.48 398.27 +23.4% +77.4% Net Profit Margin 55.6% 50.5% 42.7% +5.1 ppts +12.9 ppts EPS (NT Dollar) 27.25 22.08 15.36 +23.4% +77.4% ROE 45.9% 40.5% 34.8% +5.4 ppts +11.1 ppts Shipment (Kpcs, 12"-equiv. Wafer) 4,336 4,174 3,718 +3.9% +16.6% Average Exchange Rate--USD/NTD 31.60 31.7 31.59 31.05 +0.0% +1.8% * Diluted weighted average outstanding shares were 25,932mn units in 2Q26 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company
Unleash Innovation © 52026 TSMC, Ltd TSMC Property 2Q26 Revenue by Technology 28nm 6% 16/20nm 6% 7nm 11% 5nm 33% 3nm 30% 90nm- 0.13um 2% 40/45nm 2% ≥0.15um 3% 65nm 4% 2nm 3%
Unleash Innovation © 62026 TSMC, Ltd TSMC Property 2Q26 Revenue by Platform
Unleash Innovation © 72026 TSMC, Ltd TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets 2Q26 1Q26 2Q25 (In NT$ billions) Amount % Amount % Amount % Cash & Marketable Securities 3,518.01 37.5 % 3,383.60 39.0 % 2,634.43 37.6 % Accounts Receivable 440.92 4.7 % 363.01 4.2 % 235.69 3.4 % Inventories 385.53 4.1 % 311.45 3.6 % 304.19 4.3 % Long-term Investments 227.93 2.4 % 166.57 1.9 % 137.43 2.0 % Net PP&E 4,302.88 45.9 % 3,954.68 45.7 % 3,386.21 48.3 % Total Assets 9,375.65 100.0 % 8,660.95 100.0 % 7,006.35 100.0 % Current Liabilities 1,857.76 19.8 % 1,714.25 19.8 % 1,377.31 19.7 % Long-term Interest-bearing Debts 864.27 9.2 % 901.02 10.4 % 883.67 12.6 % Total Liabilities 2,901.18 30.9 % 2,728.56 31.5 % 2,389.72 34.1 % Total Shareholders' Equity 6,474.47 69.1 % 5,932.39 68.5 % 4,616.63 65.9 % Key Indices A/R Turnover Days 29 26 23 Inventory Turnover Days 87 80 76 Current Ratio (x) 2.5 2.5 2.4 Asset Productivity (x) 1.2 1.2 1.1 * Total outstanding shares were 25,932mn units at 6/30/26 ** Asset productivity = Annualized net revenue / Average net PP&E
Unleash Innovation © 82026 TSMC, Ltd TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 2Q26 1Q26 2Q25 Beginning Balance 3,035.64 2,767.86 2,394.80 Cash from operating activities 783.36 698.97 497.07 Capital expenditures (496.00) (350.76) (297.22) Cash dividends (155.59) (129.66) (116.70) Bonds payable (31.66) 12.40 3.70 Investments and others (1.53) 36.83 (117.13) Ending Balance 3,134.22 3,035.64 2,364.52 Free Cash Flow * 287.36 348.21 199.85
Unleash Innovation © 92026 TSMC, Ltd TSMC Property 3Q26 Guidance Based on our current business outlook, management expects: ▪ Revenue to be between US$44.6 billion and US$45.8 billion And, based on the exchange rate assumption of 1 US dollar to 32 NT dollars, management expects: ▪ Gross profit margin to be between 65% and 67% ▪ Operating profit margin to be between 56% and 58%
Unleash Innovation © 102026 TSMC, Ltd TSMC Property Future Outlook Based on our current business outlook, management expects: ▪ 2026 revenue to increase by slightly above 40% in US dollar terms
Unleash Innovation © 112026 TSMC, Ltd TSMC Property • Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements • TSMC Sold 8.1% of Vanguard International Semiconductor (2026/05/15) • TSMC Board of Directors Approved NT$7.00 Cash Dividend for the First Quarter of 2026 and Set September 16, 2026 as Ex-Dividend Date, September 22, 2026 as the Record Date and October 8, 2026 as the Distribution Date (2026/05/12) • Sony Semiconductor Solutions and TSMC Entered Preliminary Agreement for Next- Generation Image Sensor Strategic Partnership (2026/05/08) • TSMC Debuted A13 Technology at 2026 North America Technology Symposium (2026/04/23) Recap of Recent Major Events
Unleash Innovation © 122026 TSMC, Ltd TSMC Property https://www.tsmc.com invest@tsmc.com