TSMC Reports Record Q2 2026 Profit, Raises FY2026 Outlook, Announces Additional $100B Arizona Investment

TSMC reported Q2 2026 (quarter ended June 30) consolidated revenue of NT$1,270.38 billion (+36.0% YoY; $40.20B USD, +33.7% YoY, +12.0% QoQ) and net income of NT$706.56 billion (+77.4% YoY) — a record for the fifth consecutive quarter, with diluted EPS of NT$27.25 (US$4.31/ADR). Results topped Wall Street estimates (analysts expected NT$1.264T revenue and NT$632.64B net income). Gross margin was 67.7%, operating margin 60.3%, with AI-related chips comprising roughly 61% of revenue. CEO C.C. Wei announced an additional $100 billion investment in Arizona, bringing TSMC's total committed US spending to $265 billion, and the company raised its full-year 2026 revenue growth outlook from 'more than 30%' to 'slightly above 40%,' citing surging AI accelerator and agentic-AI-driven CPU demand. FY2026 capex guidance was lifted to $60–64 billion (from $52–56 billion). The results reinforce Taiwan's centrality to the global AI supply chain and its associated strategic leverage — and risk — amid cross-strait tensions.