TSMC Revenue Up 30% in First Two Months

On March 10, TSMC announced its revenue figures for February 2026. The company recorded consolidated revenue of around NT$317.66 billion, down 20.8% from January but up 22.2% year-over-year, marking a record high for the month.

For the first two months of 2026, cumulative revenue reached approximately NT$718.91 billion (about US$22.6 billion), a 29.9% increase compared to the same period last year and the best start to any year in TSMC's history.

Earlier guidance for Q1 2026 projected USD revenue of US$34.6–35.8 billion, with a midpoint of US$35.2 billion—a 4.4% rise from the previous quarter. Gross margin is expected at 63–65%, and operating margin at 54–56%. Analysts estimate that based on the midpoint, average revenue in NT dollars for February and March would dip to roughly NT$365 billion per month, about 10% lower than January, yet still reaching record highs for these months. February's results largely aligned with expectations.

As the preferred chip manufacturer for NVIDIA, AMD, and Broadcom, TSMC remains a key indicator of the global AI industry. Current market attention is focused on how recent US and Israeli operations in Iran might influence investments in data centers and other digital infrastructure.

Meanwhile, tech giants like Alphabet Inc., Amazon, Meta Platforms, and Microsoft have already committed over US$650 billion in 2026 to AI and cloud infrastructure, though concerns about capacity overhang and monetization of these technologies remain.