TSMC

Taiwan Semiconductor Manufacturing · Semiconductor Foundry

Thu, July 16, 2026·Before Market Open

TSMCSemiconductor FoundryAI SemiconductorsCoWoSQ2 EarningsEarnings

01Wall Street Consensus

EPS—

Revenue—

Key Checkpoints

01HPC and AI accelerator revenue share
02Pace of CoWoS advanced packaging capacity expansion
033nm/2nm leading-edge revenue ramp
04Blended ASP and gross margin
05Whether full-year revenue guidance (+30%s in USD terms) holds

Upside Catalysts

Sustained AI accelerator demand — CoWoS capacity running full
Confirmation of the N2 volume-production roadmap
Trickle-down from hyperscaler CapEx hikes

Risk Factors

FX (Taiwan dollar strength) — margin dilution
Delayed recovery in smartphone and consumer semiconductors
AI capex cycle slowdown risk
Geopolitics (Taiwan, US tariffs)

Detail

EEPS History (Last 13 Quarters)

Actual EPS vs Consensus — Green Beat · Red Miss

Beat12

Miss0

Beat rate100%

1Preview Note

TSMC's Q2 2026 earnings conference call is confirmed for July 16 (Thu) 14:00 Taiwan time (early morning ET). Company guidance calls for quarterly revenue of $39.0-40.2B and gross margin of 65.5-67.5%. This is the reality-check quarter for AI datacenter CapEx — CoWoS expansion and the leading-edge ramp are the single variables that matter. Consensus figures to be updated closer to the print.

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Earnings