TSMC Q2 Profit Surges 77%, Beats Estimates on AI Chip Boom

Taiwan Semiconductor Manufacturing Co reported a 77.4% jump in second-quarter net profit, beating analyst estimates. The world's largest contract chipmaker posted record profit for a fifth straight quarter.

Net income for the three months ended June surged 23.4% from the prior quarter. Revenue rose 36% to NT$1.27 trillion, up from NT$933.79 billion a year earlier. Advanced technologies – 7-nanometer and below – accounted for 77% of total wafer revenue, the company said.

TSMC has benefited from strong demand for AI chips it manufactures for clients including Nvidia and Apple. Shares have gained over 58% this year and rose 1.23% on Thursday.

The company holds an Alpha Score of 66 out of 100 on AlphaScala, indicating moderate potential. TSM stock page