Key Highlights
- Taiwan Semiconductor posted April revenue of NT$410.73 billion ($13.08 billion), rising 17.5% compared to the same month last year.
- Monthly sales declined 1.1% versus March, though year-to-date figures through April 2026 show 29.9% annual growth.
- The chipmaker delivered record quarterly earnings in Q1 2026 and projects Q2 revenue between $39B and $40.2B.
- Leading-edge chips utilizing 7nm technology and below represented the bulk of wafer sales revenue.
- TSM shares have surged more than 35% in 2026; Wall Street’s consensus target price stands at $465, suggesting approximately 12% additional gains.
Taiwan Semiconductor Manufacturing Company disclosed April revenue totaling NT$410.73 billion ($13.08 billion), marking a 17.5% increase from the NT$349.57 billion generated in April 2025. TSM shares traded down 0.9% at NT$2,290 during Friday’s morning session in Taipei.
Taiwan Semiconductor Manufacturing Company Limited, TSM
The April reading represents a modest 1.1% decline from March’s NT$415.19 billion, representing a minor month-over-month pullback following robust performance.
Through the opening four months of 2026, total revenue reached NT$1.54 trillion, reflecting a substantial 29.9% year-over-year expansion. This performance demonstrates exceptional momentum heading into the second quarter.
The semiconductor giant achieved record profitability during Q1 2026, and management expects continued strength. Second-quarter revenue guidance ranges from $39 billion to $40.2 billion, representing growth from Q1’s $35.9 billion.
Earlier this month, TSMC upgraded its annual sales projections and indicated capital expenditure would likely reach the higher end of its forecast band — potentially hitting $56 billion. This substantial investment underscores management’s conviction in sustained artificial intelligence demand.
Artificial Intelligence Fueling Revenue Expansion
The ongoing AI infrastructure buildout has powered TSMC’s growth trajectory for multiple consecutive quarters. Serving as the exclusive advanced chip manufacturer for Nvidia, Apple, and AMD, Taiwan Semiconductor occupies a strategic position at the heart of worldwide AI development.
Cutting-edge semiconductors manufactured using 7nm process nodes or more advanced technologies constituted the primary driver of April’s wafer revenue. These premium products deliver superior profit margins and reflect current market demand patterns.
Regarding Nvidia particularly, the robust figures indicate that hyperscale data centers and cloud service providers continue ordering substantial volumes of Blackwell architecture GPUs and related AI processing units.
Broadcom and AMD similarly depend on TSMC’s sophisticated fabrication capabilities, making the strong revenue performance an encouraging indicator for the broader chip industry.
TSMC’s revenue composition has evolved significantly in recent years. While smartphone and iPhone-related manufacturing previously dominated, artificial intelligence chip production now represents the primary growth engine.
Wall Street’s Current Assessment
TSM shares have appreciated over 35% year-to-date, demonstrating robust market confidence in the artificial intelligence semiconductor cycle.
Based on TipRanks data, TSM holds a Strong Buy consensus recommendation, derived from six Buy ratings and one Hold rating issued during the past three months.
The consensus analyst price target registers at $465.00, indicating potential upside of roughly 12.3% from present trading levels.
Market participants continue monitoring geopolitical uncertainties, including U.S.-China technology export controls and supply chain vulnerabilities, which may influence semiconductor demand going forward.
TSMC’s second-quarter revenue forecast of $39 billion to $40.2 billion represents the next critical performance metric investors will track closely.
