Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, reported July revenue of NT$467.58 billion (about $14.5 billion), a 44.7% year-over-year jump that puts it ahead of its own guidance for 2026.
The company, which counts Nvidia, Apple and Google among its customers, expects full-year 2026 revenue to grow slightly above 40% in U.S. dollar terms — a target it raised after its second-quarter earnings — and lifted its capital-expenditure plan to between $60 billion and $64 billion for the year.
The monthly figure follows a record June (NT$442.68 billion, up 67.9%), pushing first-half revenue to NT$2.4 trillion ($74.99 billion), 35.6% ahead of the same period last year. High-performance computing — the segment where TSMC books AI chip revenue — accounted for 66% of second-quarter revenue, echoing Chairman C.C. Wei's assessment that "AI-related demand continues to be extremely robust."
Analysts took the July print as evidence that the AI capex boom, led by Nvidia's data-center GPUs, has yet to cool. "This is no mean feat and highlights that for now demand is still there," said Ben Barringer of Quilter Cheviot, noting the strong month "takes the pressure off August and September." He cautioned that monthly revenue figures are inherently noisy and the industry's fortunes volatile.
The release lifted European chip equities on Monday, with ASML gaining more than 2% and Infineon and STMicroelectronics also moving higher. TSMC shares are up roughly 50% this year.
