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TSMC Q2 Profit Soars 61% on AI Chip Demand, Beating Estimates
TSMC Q2 Profit Soars 61% on AI Chip Demand, Beating Estimates
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BTCCSquare news:
TSMC delivered record-breaking Q2 results as AI-driven semiconductor demand accelerates. Net profit surged 61% year-over-year to NT$398.27 billion ($12.7 billion), eclipsing the NT$377.86 billion analyst consensus. Revenue climbed 38.65% to NT$933.8 billion, fueled by advanced 3nm and 5nm node production.
The chipmaker's 7nm-or-smaller processes now represent 74% of wafer revenue, reflecting hyperscalers' insatiable appetite for AI training hardware. Shares rallied 6% on Robinhood as CEO C.C. Wei projected 30% full-year revenue growth, with Q3 guidance pointing to another 38% annual increase.
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