TSMC’s first quarter net profit was NT$572.5 billion, gross profit margin exceeded 66%

[ Gearbest Technology News]On April 16, TSMC announced its first quarter financial report for 2026. Data show that the company’s consolidated revenue during the period was approximatelyNT$1.134 trilliona year-on-year growth of 35.1% and a quarter-on-quarter growth of 8.4%. Single-quarter revenue exceeded the trillion mark for the first time; net profit reachedNT$572.5 billiona year-on-year growth of 58.3% and a month-on-month growth of 13.2%, about 6% higher than the market estimate of NT$542.38 billion. TSMC's first-quarter gross profit margin reached66.2%far exceeding market estimates of 64.5% and 62.3% in the previous quarter, and profitability has been significantly enhanced.

TSMC

From the perspective of process technology, advanced processes are still the core engine of TSMC’s revenue. The 5nm process accounts for the highest revenue share, reaching 36%; the 3nm process accounts for 25%, and the two together contribute more than 60% of the revenue share; the 7nm process accounts for 13%. Overall, the revenue from advanced processes (including 7nm and more advanced processes) reached the company’s first quarter wafer sales amount.74%. Split from terminal application platforms, high-performance computing (HPC) platforms accounted for as much as61%firmly ranked as the largest source of income; the smartphone platform ranked second with a share of 26%.

It is understood that TSMC’s capital expenditure in the first quarter was$11.1 billion. The company previously estimated at the conference that the full-year capital budget for 2026 will be between US$52 billion and US$56 billion, of which about 70 to 80% will be invested in advanced processes, and the rest will be allocated in areas such as special processes and advanced packaging. TSMC expects full-year U.S. dollar revenue to grow by nearly 30%, with a compound annual revenue growth rate of nearly 25% from 2024 to 2029, an increase of 5 percentage points from the previous period. After the financial report was released, TSMC’s U.S. stocks rose nearly 2% in overnight trading.