TSMC Q2 Profit Jumps 77% to Record, Far Surpasses Expectations

TSMC reported a 77% year-over-year surge in second-quarter net profit to T$706.6 billion ($21.99 billion), driven by surging global demand for AI processors. The result handily beat the LSEG SmartEstimate consensus of T$632.6 billion, marking the company's continued streak of record earnings.

Why it matters: Key customers including Nvidia and Apple are the primary drivers of demand for TSMC's advanced AI chip manufacturing services.