Analysts anticipate TSMC's Q2 2026 gross margin will reach 68.4%, exceeding company guidance, driven by a favorable product mix and rush orders. The firm is also projected to raise its full-year 2026 revenue growth guidance to 35%, potentially nearing 40%, due to AI/HPC demand far outstripping supply. Advanced node prices are estimated to increase by 5-10% in early 2027, with 2026/27 CapEx expected at $56 billion and $76-$80 billion respectively.
TSMC's sustained margin expansion and aggressive capex signal that AI/HPC demand continues to outstrip advanced node supply, driving price increases and capacity lock-ins.