TSMC raises 2026 investment and sales forecast after stronger-than-expected quarter

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TSMC raises 2026 investment and sales forecast after stronger-than-expected quarter
Photo: Chiang Ying-ying /AP/TT

TSMC's second-quarter net profit rose to NT$706.6 billion, or about SEK 210 billion. That compares with an average analyst forecast of NT$624 billion, according to Bloomberg.

Revenue during the quarter increased 36 percent year-on-year to NT$1.27 trillion.

TSMC, a supplier to tech giants such as Nvidia and Apple, is raising its investment forecast for 2026 to $60-64 billion. Previously, it was $52-56 billion.

The sales forecast is also being revised upwards. Growth is expected to be above 40 percent, compared with a previous forecast of more than 30 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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