Key Highlights
- March revenue at Taiwan Semiconductor surged 45.2% from last year to T$415.19 billion ($13.07 billion)
- First quarter total revenue reached T$1.134 trillion, surpassing Bloomberg consensus of T$1.12 trillion
- Year-over-year quarterly revenue increased 35%, compared to T$839.25 billion in the prior year period
- Analysts anticipate Q1 earnings per share of $3.27, representing over 50% growth year-over-year
- Complete Q1 financial results release scheduled for Thursday, April 16; analyst targets suggest 16% average upside potential
Taiwan Semiconductor delivered impressive March performance, with revenue surging 45.2% compared to the same month last year, reaching T$415.19 billion ($13.07 billion). The figure also marked a substantial 30.7% increase from the previous month.
TSMC’s March revenue came in at NT$415.191 billion, up 45.2% year over year, 30.7% month over month, and 35.1% year to date.$TSM pic.twitter.com/ckGnBTCXNY
— Jukan (@jukan05) April 10, 2026
These strong monthly numbers brought the company’s first quarter total revenue to T$1.134 trillion ($35.71 billion), narrowly exceeding the Bloomberg consensus forecast of T$1.12 trillion.
In comparison, the chipmaker reported Q1 revenue of T$839.25 billion during the same period last year. The transformation over the past twelve months has been remarkable.
Taiwan Semiconductor Manufacturing Company Limited, TSM
Artificial intelligence demand continues to serve as the primary catalyst for this expansion. The company provides cutting-edge semiconductor technology to major clients including Nvidia and Apple, while the accelerating development of AI infrastructure has sustained elevated order volumes.
Shares of the semiconductor manufacturer have climbed more than 140% during the past twelve months, demonstrating investor conviction in the AI-powered growth narrative.
April 16 Earnings Preview
Complete first quarter financial results are scheduled for release on Thursday, April 16. The Street is projecting earnings per share of $3.27, which would mark an increase of more than 50% versus the comparable quarter last year.
Management’s gross margin outlook for Q1 ranges from 63% to 65%. Looking at the complete fiscal year 2026, TSMC projects revenue expansion of approximately 30% measured in U.S. dollar terms.
Investment in capacity expansion remains substantial. The company has announced capital expenditure plans of $52 to $56 billion for 2026, with 70% to 80% designated for cutting-edge technology development.
Wall Street Perspective
Analysts maintain predominantly positive views ahead of the earnings announcement. Current average price targets indicate approximately 16% upside potential from present trading levels, while the most optimistic projections suggest gains approaching 30%.
When financial results are released, market attention will likely pivot from revenue performance to margin health and profitability metrics. While top-line figures exceeded expectations, market participants are eager to understand the bottom-line implications.
The company’s most recent quarterly report already demonstrated substantial earnings expansion, and first quarter results are anticipated to maintain this trajectory.
At this stage, the March revenue disclosure provides market participants with valuable preliminary insight into quarterly performance. The topline figure exceeded projections, and the year-over-year comparison speaks for itself.
Full transparency arrives April 16.
