Why these two earnings reports could be "tone-setting" for the chip sector

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TSMC preview: Analysts see potential for upward guidance revision at 2Q26 meeting

July 15, 2026 3:00 PM EDT

Taiwan Semiconductor (NYSE: TSM) will host its second-quarter 2026 analyst meeting on July 16, with both Citi and Morgan Stanley pointing to potential upward revisions to the company's full-year revenue growth target and capital expenditure plans.

Citi told investors in a preview note that there is "a higher likelihood for TSMC to further lift its revenue growth... More