TSMC: Q12026 Revenue, Net Profit, and Gross Margin All Beat Expectations, Expects Q2 Revenue of $39.0–$40.2 Billion

TSMC released its first-quarter earnings report for 2026 on April 16. 2026Q1 consolidated revenue was approximately NT$1.1341 trillion, representing a 35.1% increase year-over-year and an 8.4% increase quarter-over-quarter, beating expectations of NT$1.12 trillion. Net profit was NT$572.48 billion, up 58.3% year-over-year and 13.2% quarter-over-quarter, exceeding expectations of NT$542.38 billion. Gross margin came in at 66.2%, above the expected 64.5%. Based on current business outlook assumptions, TSMC expects second-quarter consolidated revenue to be approximately $39.0 billion to $40.2 billion, with a gross margin of 65.5%–67.5% and an operating margin of 56.5%–58.5%.