TSMC Raises 2026 Revenue Outlook to 40% Growth, Increases Capex to US$60-64B on July 16

According to TSMC's July 16 earnings briefing, the chipmaker reported second-quarter revenue of US$40.2 billion and net profit of NT$706.6 billion (US$21.9 billion), up 23.4% sequentially, driven by strong AI-related demand. TSMC raised its 2026 revenue growth outlook in US dollar terms to slightly more than 40% from more than 30%.

The company also lifted its 2026 capital spending outlook to US$60 billion to US$64 billion from US$52-56 billion. Additionally, Chairman and CEO C.C. Wei announced TSMC would add US$100 billion to its US investment, bringing the total to US$265 billion for new Arizona wafer fabs and advanced packaging facilities.