TSMC's revenue reached US$40.2 billion, up 33.7% YoY, hitting the top end of management's guidance, while gross margin came in at 67.7%, above both consensus and guidance. Net profit reached NT$706.6 billion (approximately US$22.4 billion), well ahead of the NT$623.7 billion consensus, driven by strong AI demand and elevated utilization across advanced process nodes.
TSMC's continued outperformance confirms AI demand is absorbing all advanced chip capacity, sustaining pricing power despite significant capital expenditure.