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Analyst
Jim Fontanelli
Period: Reporting periods mapped to calendar 2026 Q1 – 2026 Q2 (2 quarters).
- Questions
- 4on tracked calls
- Challenge rate
- 25%1 of 4 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 2with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 4 of 4 questions from 1 company
TSMTaiwan Semiconductor Manufacturing Company Limited4 questions · 2 reporting periods · 1 of 4 challenging
Calendar 2026 Q2
I think your exposure to your top five customers is becoming meaningfully larger than at any point in your history.
Show response
Dismissed the concern, noting there are many new players in the AI industry, not just larger existing customers.
We're seeing your direct customers put capital into both financing, and investing in AI demand.
Show response
Said TSMC does not do such financial arrangements as the current customer model works smoothly and successfully.
Calendar 2026 Q1
has management's thinking changed about the sustainable margin structure
Show response
Wendell reiterated the raised long-term targets of 56%+ gross margin and high-20s ROE through the cycle, noting long-term planning is continuous.
how confident you are that the U.S. fab economics will match Taiwanese produced wafers?
Show response
C.C. Wei said the second land purchase is to build more Arizona fabs for U.S. leading-edge demand and expects to improve cost structure, without confirming parity with Taiwan.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Limited | 4 | 25%1 of 4 questions |
- TSMTaiwan Semiconductor Manufacturing Company Limited · 4 questions25%1 of 4 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2026 Q1 | 2 | 0%none of 2 questions | 1 |
| 2026 Q2 | 2 | 50%1 of 2 questions | 1 |
- 2026 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q22 questions · challenge rate 50% (1 of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Margin2
- Demand1
- Competitive Dynamics1
- Capital Allocation1
- Cloud & AI1
- Geographic Expansion1