Key Highlights
- Taiwan Semiconductor’s March revenue soared 45.2% from the prior year to T$415.19 billion ($13.07 billion)
- First quarter revenue totaled T$1.134 trillion, surpassing Bloomberg consensus of T$1.12 trillion
- Year-over-year quarterly revenue growth reached 35%, compared to T$839.25 billion in the same period last year
- Analyst consensus projects Q1 earnings per share of $3.27, representing over 50% growth year-over-year
- Complete first quarter results scheduled for Thursday, April 16; Street sees average 16% upside potential
Taiwan Semiconductor delivered robust March performance, with monthly sales surging 45.2% year-over-year to reach T$415.19 billion ($13.07 billion). The figure also marked a sequential increase of 30.7% compared to February.
This strong finish brought first quarter total revenue to T$1.134 trillion ($35.71 billion), narrowly exceeding the Bloomberg consensus forecast of T$1.12 trillion.
Looking back to the same quarter last year, TSMC recorded T$839.25 billion in revenue. The chipmaker’s performance has improved dramatically over this 12-month period.
Taiwan Semiconductor Manufacturing Company Limited, TSM
Artificial intelligence demand has served as the primary catalyst for this expansion. Taiwan Semiconductor manufactures cutting-edge processors for Nvidia and Apple, and the continuous expansion of AI infrastructure has maintained a robust order pipeline.
The semiconductor manufacturer’s shares have climbed more than 140% during the past year, demonstrating investor conviction in the AI-fueled growth narrative.
Upcoming April 16 Earnings Release
Complete first quarter financial results are scheduled for Thursday, April 16. The Street is anticipating earnings per share of $3.27, which would exceed the comparable quarter from last year by more than 50%.
Gross margin projections range between 63% and 65% for the first quarter. For the complete 2026 fiscal year, TSMC anticipates approximately 30% revenue expansion measured in U.S. dollars.
Capital investment plans remain substantial. The company has disclosed spending intentions of $52 to $56 billion throughout 2026, with 70% to 80% designated for advanced manufacturing processes.
Wall Street Perspective
Analysts maintain predominantly positive outlooks ahead of the earnings announcement. The consensus price target suggests approximately 16% appreciation from present levels, while the most optimistic projections indicate potential gains approaching 30%.
When results are released, attention will probably turn from topline performance to profitability metrics and margin sustainability. Revenue has exceeded expectations — shareholders now seek confirmation of strong bottom-line translation.
TSMC’s previously reported quarterly results already demonstrated exceptional earnings expansion, and the Q1 figures are anticipated to maintain this trajectory.
Currently, the March revenue disclosure provides investors with a valuable preliminary indicator for the quarter. The headline figure exceeded analyst estimates, and the year-over-year comparison speaks volumes.
The complete picture arrives April 16.
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