TSMC's Q2 revenue hit a record T$1.27 trillion, up 36% on AI demand. Earnings due Thursday will update the outlook for the rest of the year.
TSMC posted record second-quarter revenue, driven by surging demand for artificial intelligence chips from customers including Nvidia and Apple.
The world's largest contract chipmaker reported revenue of T$1.27 trillion ($39.62 billion) for the April-June period, up 36% from a year earlier, according to Reuters calculations. The figure came in slightly above a T$1.264 trillion LSEG SmartEstimate drawn from 20 analysts.
TSMC had forecast second-quarter revenue of between $39 billion and $40.2 billion on its April earnings call. The company gives its guidance only in U.S. dollars, not Taiwan dollars.
For June alone, revenue rose 67.9% from a year earlier to T$442.68 billion, up 6.2% from May.
The data was originally due Friday but was delayed after Typhoon Bavi shut Taipei's financial markets.
TSMC, Asia's most valuable publicly listed company with a market capitalisation of $1.955 trillion, did not provide any details or forward guidance in its brief revenue statement. It is scheduled to report second-quarter earnings on Thursday, when it will also update its outlook and plans for the current quarter and the rest of the year. TSMC is expected to report a 58.8% on-year rise in second-quarter net profit, according to an LSEG SmartEstimate.
TSMC's Taipei-listed shares closed up 1% on Monday ahead of the release of the sales data. The broader market closed flat. The company's shares have risen 57% so far this year, in line with the broader market.
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