TSM
Another quarter, another trophy
TSMC did the thing again: it beat expectations, posted its fifth straight record quarterly profit, and reminded everyone that the AI buildout is still very much alive. Net income jumped 77.4% from a year ago to NT$706.56 billion, while revenue climbed 36% to NT$1.27 trillion. In other words, the chip factory that powers half the modern tech universe is still running hot.
The AI line at the buffet
What’s really doing the heavy lifting here? Demand for advanced chips. TSMC said 7-nanometer-and-below technologies made up 77% of wafer revenue, which is basically a fancy way of saying the company is selling the good stuff, not the bargain-bin silicon.
That matters because TSMC sits in the middle of the AI supply chain like the person holding the only key to the club:
- Nvidia needs it for advanced processors.
- Apple leans on it for custom silicon.
- Broadcom gets a piece of the action too.
So why did the stock wobble?
Here’s the market being the market. Even when a company crushes estimates, investors will still squint at guidance and ask, “Okay, but what’s next?” TSMC said third-quarter 2026 revenue should land between $44.6 billion and $45.8 billion, with gross margin expected at 65% to 67%.
That’s solid, but in a mega-rally, “solid” can sometimes translate to “not enough to send the stock to the moon before breakfast.”
Big picture
TSMC is still acting like the tollbooth on the AI highway — everyone passes through, and TSMC gets paid. If AI demand stays strong, this is the kind of company that keeps turning the hype into actual cash.