TSMC Reports First-Quarter Revenue of $35.9 billion, up over 35% Year Over Year, with Full-Year Growth Expected Above 30%

TSMC's Q1 2026 revenue climbed over 35% year over year to $35.9 billion, with gross margin expanding to 66.2%. The company anticipates full-year revenue growth of more than 30%.

TSMC controls about 70% of the global semiconductor foundry market and is a core player in the artificial intelligence (AI) revolution—the process where chips perform computation to execute AI models. However, the company's revenue is highly concentrated: Nvidia and Apple comprise approximately 40% of TSMC's revenue.

Geopolitical tensions between the U.S. and China pose a risk to TSMC's macroeconomic outlook. The company's market cap passed $2 trillion on June 4, with a forward P/E ratio around 27 and price-to-sales ratio slightly above 17.