Taiwan Semiconductor Manufacturing Company reported May 2026 revenue of NT$416.98 billion, representing a 30.1% increase from May 2025. This figure also marks a 1.5% rise from April 2026 and sets a new single-month revenue record for TSMC, the world’s largest contract chipmaker.
Cumulative revenue for the first five months of 2026 reached NT$1.96 trillion, up 30% year-over-year. The growth has been driven by increasing demand for advanced processors utilized in artificial intelligence applications. TSMC had projected second-quarter revenue between $39 billion and $40.2 billion, indicating a roughly 32% rise from the same quarter last year.
TSMC’s growth is supported by a significant surge in AI infrastructure spending. Major companies such as Alphabet, Amazon, Meta, and Microsoft plan to invest up to $725 billion in capital expenditures this year, marking a 77% increase over last year’s record expenditure of $410 billion.
At TSMC’s annual shareholders meeting on June 4, CEO C.C. Wei said that while customer sentiment regarding AI remains positive, supply constraints are expected to continue. “It will be a long time before we can meet customer demand” using U.S.-based production alone, Wei stated. He also indicated that rising component costs pressure margins and expressed a desire to raise prices.
In an interview, TSMC senior vice president Kevin Huang noted that inflation has resulted in increased operational costs but did not specify any upcoming price hikes. Price adjustments could affect the AI supply chain, given TSMC’s critical role as the sole manufacturer of advanced chips developed by Nvidia, AMD, and Apple.
TSMC has budgeted between $52 billion and $56 billion for capital expenditures in 2026, signifying at least a 25% increase from the previous year. The company now anticipates full-year revenue growth exceeding 30% in U.S. dollar terms. Wei characterized the ongoing demand cycle as part of a “multi-year AI megatrend.”
