TSMC Posts 77% Profit Jump in Q2, Far Surpassing Market Expectations

TSMC reported a record Q2 profit of T$706.6 billion ($21.99 billion), a 77% year-over-year jump that significantly exceeded the T$632.6 billion analyst forecast, marking its ninth consecutive quarter of double-digit profit growth. Surging demand for 3nm and 2nm AI chips and advanced CoWoS packaging technology drove Q2 revenue up 36% to a record high, pushing TSMC's market cap to ~$1.97 trillion—nearly double that of Samsung.

Why it matters: Analysts expect TSMC to raise its full-year revenue growth outlook and potentially increase capital spending during its earnings call, with 2026 capex already guided at the high end of $52-56 billion amid a $165 billion Arizona fab investment.