Taiwan Semiconductor Manufacturing Company reported second-quarter results on July 16 that were, by any reasonable measure, extraordinary. Revenue hit $40.2 billion, up 36% from the same period a year ago. Net profit came in at roughly $21.98 billion. And yet, TSM shares slipped about 0.2% in premarket trading.
The numbers, because they deserve a moment
TSMC’s gross margin landed at 67.7%. Its operating margin reached 60.3%.
The net profit figure of T$706.56 billion also cleared Bloomberg’s consensus estimate of T$623.73 billion by a meaningful margin.
The company also issued forward guidance that would make most chipmakers blush. TSMC expects Q3 2026 revenue to land between $44.6 billion and $45.8 billion.
