TAIPEI, April 11, 2026 – Taiwan Semiconductor Manufacturing (TSM) stock surged Friday after the chipmaking giant pre-reported a massive 35% year-over-year revenue jump for Q1, beating market expectations. The $35.71 billion haul signals TSMC is poised to be a primary beneficiary of a projected $1.3 trillion semiconductor spending boom in 2026, despite a temporary pause in the AI expansion earlier this year.

Looking Ahead to TSMC Earnings, 2026 Forecast

Ahead of next week’s earnings, analysts expect TSMC to earn $3.27 per U.S. share, up 53% year over year, in Q1. “TSMC’s results generally fit our conversations, suggesting demand for advanced-node foundry production remains extremely healthy due to continued robust AI requirements,” Wedbush Securities analyst Matt Bryson said in a client note. He rates TSM stock as outperform.

Out of 51 analysts covering TSM stock on Wall Street, 98% of them rate TSMC a buy. The median forecast for the stock over the next few months is $437.50, implying a healthy 17% climb from current prices. On the bullish side, the 1-year high forecast for TSMC suggests it could reach as high as $550.00, implying gains of over 45%.