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HSINCHU, Taiwan, R.O.C. – Apr. 10, 2026 - TSMC (TWSE: 2330, NYSE: TSM) today announced its net revenue for March 2026: On a consolidated basis, revenue for March 2026 was approximately NT$415.19 billion, an increase of 30.7 percent from February 2026 and an increase of 45.2 percent from March 2025. Revenue for January through March 2026 totaled NT$1,134.10 billion, an increase of 35.1 percent compared to the same period in 2025.
TSMC Spokesperson
Wendell Huang
Senior Vice President & Chief Financial Officer
TSMC’s 1Q results are likely to beat the guidance midpoint — and consensus — given sustained strong demand for 3- and 5-nanometer nodes used in AI accelerators and networking-chip production. Favorable appreciation of the US dollar against New Taiwan Dollar provide a further tailwind. We calculate the gross margin can reach a record high of 65% at least.
The earnings-call focus will be on management’s view on Android smartphone and PC demand (especially whether higher memory costs might prompt another inventory correction); If fab operations and the 2H margin could be pressured by any disruption to chemicals or energy supply, or higher related costs. Another item to watch will be if sustained, multiyear AI chip demand and strength in leading-edge nodes supports raising the long-term gross-margin target above 58%.
TSMC’s 1Q results are likely to beat the guidance midpoint — and consensus — given sustained strong demand for 3- and 5-nanometer nodes used in AI accelerators and networking-chip production. Favorable appreciation of the US dollar against New Taiwan Dollar provide a further tailwind. We calculate the gross margin can reach a record high of 65% at least.
The earnings-call focus will be on management’s view on Android smartphone and PC demand (especially whether higher memory costs might prompt another inventory correction); If fab operations and the 2H margin could be pressured by any disruption to chemicals or energy supply, or higher related costs. Another item to watch will be if sustained, multiyear AI chip demand and strength in leading-edge nodes supports raising the long-term gross-margin target above 58%.
Congratulations to TSMC. While Intel and Samsung "experimented" at 3nm, TSMC collaborated with the entire ecosystem to bring a strong finish to the FinFET family of process technologies. Take a look at the history of FinFET process technologies and you will see why we are where we are at today.
Intel started finFETs at 14nm which came out as one of the better kept secrets. This was back in the day when a semiconductor secret could be kept. Samsung was first with a FinFET foundry offering and won back some Apple business with their 14nm. TSMC was third with a less dense 16nm offering. The word on the street in Hsinchu was that TSMC would win back the Apple business with an optimized version of 16nm and they most certainly did.
At 10nm the wheels came off the FinFET process technologies. Intel completely lost it with delay after delay after delay. For Samsung 10nm was the start of yield problems that continue today. Yield problems that lost Samsung massive amounts of business and brought forward the "selling good die" foundry business model. Seriously, 10nm was a crushing blow to Samsung foundry. I remember Samsung telling me that 10nm was in HVM while QCOM was telling me that yield was in the single digits. I have never seen such a discrepancy in public and private yield numbers.
TSMC, on the other hand, brought forward a new level of collaboration with customers and partners resulting in one of the most dominant foundry process technologies that the fabless semiconductor industry will ever see, absolutely.
So yes, congratulations to TSMC and their massive 3nm market share. Where would the semiconductor industry be without TSMC? I shutter to think.......
TSMC's latest record-smashing quarterly revenue comes as war in the Middle East is raising energy costs and upending global markets. That in turn threatens to disrupt the supply of production materials for semiconductors which analysts said could force companies to delay AI data centre...
