TSMC Q1 profit surges 60%, beats forecasts
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/22/2026
- Wall St set for lower open as AI jitters rekindle, oil gains
- Brent hits five-month high on escalating Middle East conflict
- Meta beats Q3 estimates, approves new nonvoting share class as AI spending surges
- Tesla stock up as automotive gross margin improves, free cash flow turns positive
- JPMorgan says AI stock selling may be nearing its limit as positioning resets
Tweet
Share
E-mail
FILE PHOTO: The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. REUTERS/Ann Wang/File Photo
TAIPEI (Reuters) - TSMC, the world's largest contract chipmaker, posted a 60% jump in first-quarter net profit on Thursday, beating market forecasts as it benefited from surging demand for semiconductors used in artificial intelligence applications.
Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, saw January-March net profit rise to T$361.6 billion ($11.12 billion) from T$225.5 billion a year earlier.
The profit beat a T$354.6 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.
($1 = 32.5060 Taiwan dollars)
(Reporting by Wen-Yee Lee and Faith Hung; Writing by Ben Blanchard; Editing by Edwina Gibbs)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Moody’s upgrades TSMC rating to Aa2 on booming AI demand and market dominance
- Indian firm eMudhra exits global digital certificates business after vulnerability disclosure
- Analysis-Anthropic IPO stands alone as AI market jitters sideline others
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
