TSMC increased its 2026 capital expenditure forecast to a range of $60 billion to $64 billion. The new target replaces the previous estimate of $52 billion to $56 billion. Management cited the AI megatrend as the primary driver for the spending hike.
The company raised its full-year revenue growth forecast to over 40% in U.S. dollar terms. This projection surpasses the earlier estimate of 30% growth.
Second-quarter net profit rose 77% year-over-year to a record NT$706.6 billion ($22 billion). The earnings results exceeded consensus analyst expectations.
CEO C.C. Wei attributed the capacity expansion to strong demand signals from customers. TSMC also pledged an additional $100 billion for its manufacturing expansion in Arizona.