For the second quarter of 2026, analysts expect Taiwan Semiconductor Manufacturing to report consensus revenue of $29.20 billion and an EPS of $3.80, with the stock currently trading at $238.45 compared to an average price target of $275.12. The primary focus for investors this quarter is the company’s gross margin sustainability, specifically regarding the yield progression of the 2nm process node.
Strong demand for AI-related high-performance computing and advanced packaging remains the primary growth engine, likely offsetting cooling smartphone seasonal trends. Management’s updated capital expenditure guidance for the remainder of the year will also be scrutinized for signals on long-term capacity expansion plans.