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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 9/10.
Taiwan Semiconductor opened 2026 with first quarter revenue of $35.9 billion, up 6.4% sequentially in U.S. dollar terms and slightly ahead of guidance, as HPC climbed 20% quarter-over-quarter to 61% of revenue on extremely robust AI demand. Gross margin expanded 3.9 percentage points sequentially to 66.2% on cost-improvement efforts, higher capacity utilization and a favorable exchange rate, and earnings grew sharply on operating leverage. Management raised its full-year 2026 revenue outlook to grow above 30% in U.S. dollar terms and guided its capital budget toward the high end of the $52 billion to $56 billion range, while stepping up 3-nanometer capacity across Taiwan, Arizona and Japan. The main cautionary notes were rising component prices and a memory price hike pressuring consumer and price-sensitive end markets, plus a second-half gross-margin headwind as the 2-nanometer node begins to ramp.
Scored from Taiwan Semiconductor Manufacturing Company Limited’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $868.46B | +38.8% | $73.10 | +65.0% | 49.0% | 41.4% | $258.26B |
| FY2025 Q1 | $839.25B | +41.6% | $70.35 | +59.2% | 48.5% | 43.1% | $294.74B |
| FY2025 Q2 | $933.79B | +38.6% | $72.60 | +50.9% | 49.6% | 42.7% | $197.50B |
| FY2025 Q3 | $989.92B | +30.3% | $88.75 | +44.9% | 50.6% | 45.7% | $139.38B |
| FY2025 Q4 | $1055.98B | +21.6% | $98.40 | +34.6% | 53.9% | 48.3% | $388.17B |
| FY2026 Q1 | $1134.10B | +35.1% | $111.55 | +58.6% | 58.0% | 50.5% | $377.11B |
| FY2026 Q2 | $1270.38B | +36.0% | $136.25 | +87.7% | 60.3% | 55.6% | $287.36B |
All prior quarters are free.
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