Signal TSMC Q1 2026 Record Revenue Amid Semiconductor Supply Chain Risk

Summary

TSMC reported first-quarter 2026 revenue of NT$1.13 trillion ($35.6 billion), a 35% year-on-year increase and a company record, exceeding analyst forecasts compiled by LSEG. March revenue alone rose 45.2% year on year to NT$415.2 billion. The company's April earnings call put full-quarter revenue at $35.9 billion with gross margin improving to 66.2%, driven by strong demand for 3-nanometer technology, which accounted for 25% of wafer revenue, while smartphone and PC markets were hit by memory shortages. TSMC guided Q2 2026 revenue of $39.0-$40.2 billion, a roughly 10% sequential increase, and raised its full-year 2026 outlook to above 30% growth in US dollar terms. This marked TSMC's ninth consecutive quarter of year-on-year revenue growth, a streak dating to Q1 2024, and underscores how advanced logic supply remains concentrated in a single firm.