TSMC Reports 45% Year-Over-Year Increase in July Sales Driven by AI Demand
TSMC forecasts over 40% revenue growth for 2026, reflecting strong AI chip orders. The company raised its capital expenditure guidance to between $60B and $64B, highlighting its critical role in the AI supply chain.
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Taiwan Semiconductor Manufacturing Co. (TSMC) reported July 2026 revenue of NT$467.58 billion ($14.5 billion), marking a 44.7% increase year-over-year. For the first half of 2026, TSMC's total revenue reached NT$2.404 trillion, up 35.6% from the previous year, prompting a revised full-year growth forecast above 40% in USD terms.
Major clients driving this demand include NVIDIA, Apple, Meta, and Alphabet, as AI-related capital expenditure among US hyperscalers is anticipated to surpass $725 billion in 2026. TSMC's upgraded capital expenditure plans of $60B to $64B will also support its global diversification strategy, with new facilities being established in Arizona, Japan, and Germany. The semiconductor supply chain could face both opportunities and challenges due to TSMC's growth trajectory and increased spending.
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