TSMC (TSM) Q2 FY26 earnings
Revenue NT$1.27T, up 36% from a year ago. Net income NT$706.6B.
TSMC's quarter had NT$1.27T of revenue, up 36% from a year ago, with High Performance Computing at 65% of it. Net income of NT$706.6B was 56% of revenue, up 77%.
TSMC shipped 15,022 thousand wafers in 2025, against 9,606 thousand in 2016.
The filer's own volume series in 12-inch equivalent wafers, drawn per year as filed. The 2022 peak is still the highest bar; 2025 comes second.
High performance computing brought TSMC NT$2,192.9B in 2025; smartphones, NT$1,110.8B.
In 2020 the phones brought more; the filer's own platform rows crossed and never crossed back. Both rows are drawn in NT$ as filed, no conversion.
Operations generated NT$2,275.0B in 2025; plant took NT$1,272.4B of it.
Both rows are the filer's own lines on one audited cash-flow statement. The filer itself says the plant spending was funded by operating cash flow and bond proceeds.
Where the revenue came from
| Segment | Amount | % of revenue | Y/Y |
|---|---|---|---|
| High Performance Computing | NT$830.4B | 65.4% | +48% |
| Smartphone | NT$283.3B | 22.3% | +13% |
| Internet of Things | NT$64.1B | 5.0% | +45% |
| Automotive | NT$53.7B | 4.2% | +25% |
| Others | NT$26.4B | 2.1% | +30% |
| Consumer Electronics | NT$12.7B | 1.0% | -16% |
Income statement, line by line
| Line | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Revenue | NT$1.27T | +36% | |
| Cost of revenue | NT$410.1B | 32.3% | +6% |
| Gross profit | NT$860.3B | 67.7% | +57% |
| Operating expenses | NT$99.0B | 7.8% | +17% |
| Operating income | NT$766.6B | 60.3% | +65% |
| Pretax income | NT$862.4B | 67.9% | +75% |
| Income tax | NT$155.6B | 12.3% | +63% |
| Net income | NT$706.6B | 55.6% | +77% |
— means the filing states no comparable prior-year figure for that line, so we do not compute one.
The filing also prints consolidated net income of NT$706.8B, of which NT$219M belongs to outside co-owners of TSMC's subsidiaries (noncontrolling interests, in the filing's words). The figures above are net income attributable to TSMC, the filer's own line.
Effective tax rate: 18.0%. That is tax as a share of pretax income. The 12.3% in the column above is tax as a share of revenue, which is not a tax rate.
The last 2 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Jun 30, 2026 | NT$1.27T | NT$706.6B | 55.6% |
| Jun 30, 2025 | NT$933.8B | NT$398.3B | 42.7% |
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Correction (2026-08-31). Earlier versions of this page showed New Taiwan dollar amounts with a bare $ sign in the tables; the tables now carry NT$.