Taiwan Semiconductor Manufacturing Company (TSMC) reported May 2026 revenue of NT$416.98 billion, a 30.1% increase from May 2025, marking a new single-month revenue record for the company. The latest figures also represent a 1.5% rise from April 2026. Cumulative revenue for the first five months of 2026 reached NT$1.96 trillion, up 30% year-over-year, as demand for advanced processors used in artificial intelligence applications continued to grow.
TSMC previously forecast second-quarter revenue between $39 billion and $40.2 billion, indicating a 32% year-over-year increase following a 58% jump in first-quarter net profit. This growth is fueled by significant AI infrastructure spending. Alphabet, Amazon, Meta, and Microsoft together plan to invest up to $725 billion in capital expenditures this year, a 77% increase over last year’s record $410 billion, according to the Financial Times.
During TSMC’s annual shareholders meeting in Hsinchu on June 4, CEO C.C. Wei stated that while customers are optimistic about AI, supply constraints remain an issue. “It will be a long time before we can meet customer demand” with U.S.-based production alone, he said. Wei also noted that rising component costs are pressuring margins, suggesting the company would “like” to raise prices.
In a separate interview, TSMC senior vice president Kevin Huang discussed inflation-related cost increases but did not provide specifics on potential price hikes. He stressed that any pricing changes could affect the AI supply chain, particularly given TSMC’s role as the sole manufacturer of advanced chips designed by Nvidia, AMD, and Apple.
TSMC has allocated between $52 billion and $56 billion in capital expenditures for 2026, which is at least a 25% increase from the previous year. The company now anticipates full-year revenue growth of more than 30% in U.S. dollar terms, framing this growth as part of a long-term “multi-year AI megatrend.” Wei remarked that this trend shows no signs of easing.
