TSMC announced consolidated revenue of NT$1,134.10 billion, net income of NT$572.48 billion, and diluted earnings per share of NT$22.08 (US$3.49 per ADR unit) for the first quarter ended March 31, 2026.Year-over-year, first quarter revenue increased 35.1%, while net income and diluted EPS both increased 58.3%. Compared to fourth quarter 2025, first quarter results represented an 8.4% increase in revenue and a 13.2% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, first quarter revenue was $35.90 billion, which increased 40.6% year-over-year and increased 6.4% from the previous quarter.

Gross margin for the quarter was 66.2%, operating margin was 58.1%, and net profit margin was 50.5%.

In the first quarter, shipments of 3-nanometer accounted for 25% of total wafer revenue; 5- nanometer accounted for 36%; 7-nanometer accounted for 13%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 74% of total wafer revenue.

“Our business in the first quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, SVP and CFO, TSMC. “Moving into second quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies.”

Based on the company’s current business outlook, management expects the overall performance for second quarter 2026 to be as follows:

• Revenue is expected to be between US$39.0 billion and US$40.2 billion; And, based on the exchange rate assumption of 1 US dollar to 31.7 NT dollars
• Gross profit margin is expected to be between 65.5% and 67.5%
• Operating profit margin is expected to be between 56.5% and 58.5%

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